Mary Jo White, who served as SEC chair during President Barack Obama's second term, concluded her tenure on January 20, 2017, coinciding with Trump's inauguration. Her successor, Jay Clayton, was confirmed by the Senate in a 61 to 37 vote, leaving the commission without a chair for approximately four months during the nomination and approval process. #SEC
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According to BlockBeats, on November 10, European Central Bank (ECB) Governing Council member Robert Holzmann indicated that a rate cut in December is possible, though not guaranteed. Holzmann stated, "Given the current situation, the possibility exists. There is no opposition at present, but that does not mean it will automatically happen." Since June, the ECB has implemented three rate cuts, and the market widely anticipates another reduction next month. Holzmann is known as one of the most hawkish officials and was the sole opponent of the initial rate cut.
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According to BlockBeats, on November 8, Bitcoin Magazine CEO David Bailey shared insights on social media regarding the current Bitcoin bull market cycle. Bailey expressed that this cycle is expected to be significantly extended compared to previous ones. Historically, Bitcoin experiences a price increase, often referred to as 'Number Go Up' (NgU), approximately 18 months after a halving event. However, Bailey noted that six months have already passed since the last halving, and it is now evident that the influx of capital will not peak within the next 12 months.
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