According to Cointelegraph, United States President-Elect Donald Trump has indicated a willingness to bypass the Senate confirmation process for appointments within his administration, potentially including a successor for Securities and Exchange Commission (SEC) Chair Gary Gensler. In a post dated November 10, Trump asserted that he alone could decide which US Senator would serve as the majority leader when the new Congress convenes in January 2025. Trump expressed a desire for potential majority leaders to agree to recess appointments, allowing individuals to assume positions of authority without undergoing the traditional confirmation process involving questioning and scrutiny from lawmakers.
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According to BlockBeats, on November 10, Rune Christensen, the founder of Sky (formerly MakerDAO), shared his insights on social media regarding the future of decentralized finance (DeFi). Christensen suggested that if Bitcoin reaches a price of $80,000, it would confirm a revival in the DeFi sector.
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Conversely, some assets have experienced declines. Bitcoin Cash (BCH) and Render (RENDER) are among the laggards, with BCH dropping by 2.8% and RENDER decreasing by 1.7%. Despite these setbacks, the overall performance of the CoinDesk 20 Index remains positive, indicating a robust market environment for digital assets.
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