《CLARITY Act》 draft is expected to be released by this weekend, with a hearing and vote scheduled for the following week.
**December 10, Washington D.C.** — At the Blockchain Association Policy Summit, New York Democratic Senator Kirsten Gillibrand and Wyoming Republican Senator Cynthia Lummis discussed Congress’s push for comprehensive cryptocurrency industry regulation.
Lummis stated the goal is to release a draft of the CLARITY (Market Structure) Act by this weekend, followed by a hearing next week for amendments and a vote. Both parties are in ongoing bipartisan talks—their first meeting last week went very smoothly. “Nothing is holding this bill up,” she noted.
Congress has long sought to advance broader cryptocurrency market structure legislation, but progress has lagged. This July, the House passed its version of the Digital Asset Market Structure and Investor Protection Act, providing new momentum. Since then, the Senate has moved forward with a comparable bill: the Senate Banking Committee’s draft explicitly defines regulatory jurisdiction between the SEC (Securities and Exchange Commission
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Trump began final round interviews this week for the Federal Reserve Chair position, claiming he has a “suitable candidate in mind.”
**December 10th (Bloomberg) —** U.S. President Donald Trump said this week will kick off the final round of interviews for the next Federal Reserve chair, with multiple candidates under consideration.
Speaking to reporters aboard Air Force One on Tuesday, Trump noted: “We’ll look at several different candidates, but I know exactly who I want.”
White House National Economic Council Director Kevin Hassett remains the front-runner to succeed Jerome Powell as Fed chief, though his selection is not a certainty.
Trump recently stated he will soon pick a new Fed chair but could hold off on the announcement until early 2026.
On Wednesday, Trump and U.S. Treasury Secretary Benet will interview former Fed Governor Kevin Wash. The pair are expected to hold at least one more interview next week.
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TRUMP Meme Coin Official Mobile Game Set to Launch, Designed Specifically for True Trump Fans
On December 10, TRUMP Meme Token officially announced that its TRUMP mobile game is coming soon—built exclusively for diehard Trump supporters. The waitlist is now open, and participants will have the chance to split $1 million worth of TRUMP tokens as rewards for joining and playing the game once it launches.
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Cryptocurrency Market Sees a Broad Rebound, Bitcoin Surges Above $94,500, US Stock Crypto-related Stocks Rally Across the Board
December 10 — Crypto markets staged a broad rebound Tuesday, per HTX market data.
Bitcoin surged earlier in the session to top $94,500, and was last trading at $92,900 — a 24-hour gain of 2.48%. Ethereum neared $3,400 at one point and was last at $3,332, up 6.69% over 24 hours. Total crypto market capitalization rose to $3.263 trillion, up 2.7% in the past day.
Notable altcoin gainers included:
ZEN (19.11% 24h gain); LUNA (18.22%); AXL (17.88%); HYPER (14.78%); WIF (12.89%).
U.S. stocks closed mixed Tuesday: The Dow Jones Industrial Average fell 0.37% intraday before paring losses, the S&P 500 dropped 0.09%, and the Nasdaq Composite rose 0.1%. All crypto-related U.S. equities advanced, led by Ethereum Treasury (DAT) firms, including:
MicroStrategy (MSTR) +2.89%; Circle (CRCL) +5.93%; Coinbase (COIN) +1.15%; MARA Holdings (MARA) +1.66%; Riot Blockchain (RIOT) +3.68%; Bit Digital Immersion (BMNR) +9.32%; SharpLink Gaming (SBET) +4.88%.
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SpaceX is planning to IPO at a valuation of $1.5 trillion, potentially making it the largest IPO in history.
On December 10, Bloomberg reported that SpaceX is expected to launch an initial public offering (IPO) in mid-2026 with a valuation of approximately $1.5 trillion. Fundraising from the offering is projected to far exceed $30 billion, potentially making it the largest IPO in history. Exact timing will hinge on market conditions.
Additionally, SpaceX projects 2025 sales of roughly $15 billion, with 2026 revenue expected to hit $22 billion to $24 billion.
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Octra will kick off a $20 million token sale on Sonar at a $200 million valuation.
On December 10, Octra Labs—the team behind privacy-focused blockchain project Octra—announced a public token sale on the Sonar platform, scheduled for December 18.
Sonar, a token issuance platform founded by Jordan “Cobie” Fish, was recently acquired by Coinbase from ICO platform Echo.
Octra noted Tuesday the one-week sale targets $20 million in proceeds, selling 10% of its total OCT token supply. This values the project at a fully diluted valuation (FDV) of $2 billion. The sale will use a fixed-price, commitment-based allocation model: participants deposit funds and receive tokens proportionally, a structure designed to boost decentralization.
If demand is robust, Octra may increase the sale’s allocation; any unsold tokens will be burned. All sold tokens will be fully unlocked and distributed shortly after the sale concludes.
The $2 billion FDV doubles Octra’s valuation from an earlier Echo financing round this year, which raised $4 million. The project also previously clo
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