The Daily: Trump hopes to sign crypto bill ‘very soon,’ Hong Kong set to issue first stablecoin licenses, and more
Summary
President Donald Trump stated at Davos that he hopes to sign a sweeping crypto market structure bill "very soon," despite wobbling momentum due to disagreements over stablecoin reward programs between banks and crypto firms. Meanwhile, Hong Kong announced it plans to issue its first batch of stablecoin licenses in the first quarter as it pushes to become a crypto hub, with its regime imposing strict reserve and risk management requirements. In Ethereum news, co-founder Vitalik Buterin floated a proposal to integrate native Distributed Validator Technology (DVT) into the staking protocol to enhance security and decentralization by allowing multiple keys to operate as one validator. Other updates include Figure formalizing its operational role in the Provenance Blockchain Foundation and Solana Mobile launching an SKR token airdrop for Seeker phone users.
(Source:The Block)