LATEST: U.S. Likely to Pass Pro-Crypto Regulation by November, Scaramucci Says

Anthony Scaramucci anticipates the introduction of favorable crypto regulations in the U.S. by this November. Speaking at the Digital Assets Forum in London the former White House communications director and founder of SkyBridge Capital highlighted a strategic push by politicians to align with the crypto industry ahead of the 2026 congressional elections. Scaramucci suggests that proactive legislation would help legislators secure support from this powerful sector.

During his interview with the Financial Times Scaramucci emphasized the timing of the legislative push. He predicted that the move would occur in the bustling period before the congressional Christmas recess to ensure the crypto industry’s backing is secured well before election campaigns kick off in March 2026. This strategic timing underlines the growing influence of digital assets in political spheres.

Despite his criticisms of former President Donald Trump Scaramucci acknowledged the positive steps taken under Trump’s administration to establish a supportive environment for cryptocurrencies like Bitcoin. These developments signal a significant advancement for the digital assets industry setting a solid foundation for its integration into the U.S. financial ecosystem.

Financial Times

TRUMP Meme Coin Down 42% In A Week: How Low Can It Go?

The Trump TRUMP/USD meme coin has plunged 42.6% in the past week, following Donald Trump’s tariff announcement—a sharp reversal for the high-flying meme crypto.

What Happened: According to Lookonchain, a whale who had pocketed $11.8 million in TRUMP gains in mid-January reinvested his profits, only to see the trade turn against him.

The whale spent $33.9 million to acquire 766,083 TRUMP at an average price of $44.25, only to suffer a $21 million loss as prices collapsed.

This move erased not only their entire profit but also $9 million of the original capital.

Despite this steep drop, data from Merkle Science and Chainalysis, cited by Reuters, shows TRUMP having generated…

Read more on Benzinga

Bitcoin Mempool | Record Low Unconfirmed Transactions

Bitcoin’s network activity has reached its lowest in 3 years, with transaction volume plummeting and the mempool becoming almost empty. This big drop has lowered transaction fees and is making miners less profitable.

Many miners might now wonder if Bitcoin mining can be pursued as a profitable venture.

Bitcoin mempool on Sunday morning — Mempool.space

Over the last few months Bitcoin’s transaction count has been going down. According to CryptoQuant, Bitcoin’s daily transactions are now around 400,000, down from 810,850 in November 2024. That’s 3 months of continuous decline in network activity.

Julio Moreno on X

This reduction in new transactions…

Read more on bitcoinnews

Futarchy needs ‘one great success’ to become Solana’s go-to governance model

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

MetaDAO, the group pioneering markets-based governance via “futarchy” on Solana, is one of those things that lots of Solana people have heard of but has seen limited actual adoption.

Things could be changing though, as the liquid staking startup Sanctum just became the first Solana project to fully adopt MetaDAO for its platform governance. Its first decision market has drawn over 200 trades in three hours. When I recently called to catch up with MetaDAO’s pseudonymous founder metaproph3t, they portrayed the Sanctum launch as a potential means to build trust that futarchy can actually…

Read more on Blockworks