Today's crypto world highlights 2024.12.18

Today's big event📣📣📣
📌Trump Meets with Crypto.com CEO: U.S. President-elect Donald Trump met with Crypto.com CEO Kris Marszalek to discuss U.S. digital asset policies, especially the possibility of a Bitcoin strategic reserve.
📌Crypto.com withdraws lawsuit: Crypto.com originally planned to sue the Securities and Exchange Commission (SEC) of the United States, but decided to withdraw the lawsuit after meeting with Trump, indicating willingness to cooperate with the new government to formulate industry regulatory framework.
📌European lawmakers propose Bitcoin reserves: French lawmaker Sarah Knafo calls for the EU to establish a strategic Bitcoin reserve, rejecting the digital euro CBDC proposed by the European Central Bank, and advocating for the decentralized advantages of Bitcoin.
📌CyberKongz is under SEC investigation: CyberKongz, a Web3 gaming project, has received a Wells notice from the U.S. Securities and Exchange Commission due to its ERC-20 tokens being associated with blockchain gaming, which may have a significant impact on the gaming token industry.

My opinion 📣📣📣
The current crypto market is facing many challenges and opportunities, and the policy dynamics of various countries and regions have become the focus of market attention.
📌The future of the US crypto policy: the meeting between Trump and the CEO of Crypto.com, although no specific changes have been made at the policy level, it can be seen that the new government's attitude towards cryptocurrencies is clearly more positive. The 'pro-crypto' stance of the Trump administration has brought a lot of hope to the market, especially the discussion of Bitcoin as a 'strategic reserve asset.' If this proposal is implemented, it will not only promote the legitimacy of Bitcoin as a sovereign asset but may also provide an example for other countries to establish similar reserves. In addition, Crypto.com's withdrawal of the lawsuit also demonstrates the crypto industry's desire to reach consensus with the government and jointly promote the industry's compliance and development, which may lay the foundation for future regulatory frameworks.
📌EU's Attitude towards Bitcoin Reserves: European Parliament Member Sarah Knafo's remarks have sparked widespread discussion on the EU's digital currency policy. She strongly opposes the introduction of a digital euro by the ECB and advocates for the EU to establish a strategic Bitcoin reserve. This stance has raised concerns about the potential risks of central bank digital currencies (CBDCs), particularly the excessive centralization of financial control they may bring. Knafo's proposal aligns with the concept of decentralization and the free financial ideology advocated by Bitcoin, emphasizing that Bitcoin can serve as a tool to resist inflation. Whether the EU will adopt this proposal in the future may have an impact on the global cryptocurrency policy direction.
📌Risks and Opportunities in the Web3 Gaming Industry: CyberKongz is facing an SEC investigation, which could serve as a warning for the entire Web3 gaming industry. The combination of ERC-20 tokens and blockchain games faces strict regulatory challenges, especially under the U.S. securities law framework. This means that many game projects involving token issuance may need to re-examine their compliance to prevent being classified as securities and thus avoid SEC accountability. However, this also presents opportunities for compliant Web3 gaming projects, as the industry may see clearer regulatory rules, aiding in healthy development.
📍Market Impact and Outlook:
📌Changes in regulatory environment: With the gradual clarification of the Trump administration's encryption policy, it is possible that a more relaxed regulatory environment will be formed in the future, which is undoubtedly a positive signal for innovation and capital inflows in the crypto market. However, the SEC's regulation of the crypto industry remains strict, especially in terms of legal scrutiny of tokens and NFT projects, and investors should pay attention to the long-term impact of policy changes on the market.
📌The strategic role of Bitcoin: Bitcoin's role as 'digital gold' may be further recognized, especially against the backdrop of increased global economic uncertainty. Bitcoin as a hedge against inflation will become more attractive. If the European Union or other countries also start building Bitcoin reserves, it may drive up the price of Bitcoin, but it may also bring regulatory challenges.
📌Compliance Risks in the Web3 Gaming: For Web3 game developers, how to deal with the U.S. securities regulation is an important issue. In the future, more Web3 projects may need to adjust their token issuance methods based on market feedback to ensure compliance with securities laws. In addition, the industry may see more innovative projects that comply with regulations, thereby promoting the standardized development of Web3 games.

🔴The above content does not constitute investment advice.