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jones8u3t

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“At stake is the reality of a bipartisan SEC,” said the letter. “The incoming Trump administration has signaled they are considering breaking from the tradition that provides for the opposition party to select candidates for the two minority seats.”
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The Senate Banking Committee was expected to decide on the SEC commissioner’s nomination on Dec. 11 before a postponement, leaving many questioning whether lawmakers have enough time to confirm Crenshaw in the current session of Congress.
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In a Dec. 12 letter to the US Senate, more than 40 organizations asked lawmakers to vote yes on Crenshaw’s nomination, which could have her working at the SEC until 2029.
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Consumer advocacy organization Public Citizen and other interest groups are urging lawmakers in the United States to act and confirm Caroline Crenshaw to a second term at the Securities and Exchange Commission (SEC) before the next Congress is sworn in.
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Although stablecoins have integrated with traditional finance through controlled regulatory actions, some regulators have raised concerns about the integration.
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By integrating USDT into its framework, the ADGM could strengthen its position as a financial hub for innovation and support its own economic diversification in the UAE.
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ADGM’s decision reflects the increasing role of stablecoins in bridging the gap between traditional finance and digital asset markets.
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With a market capitalization exceeding $138 billion, USDT’s inclusion as an AVA strengthens its position as the largest stablecoin in the sector.
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The recognition covers USDT issued on multiple blockchains — including Ethereum, Solana and Avalanche — and aligns with the United Arab Emirates’ strategy to become a global hub for digital finance.
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With the approval, licensed financial service providers within the ADGM can offer services related to USDT to facilitate its integration into regulated financial ecosystems.
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However, a daily close above $3,950 will invalidate the above possibility, and ETH price would target its next higher high above $4,100 in the charts.
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The flash decline created a wick on both the 1-hour and 4-hour time frames, and these types of liquidity imbalances in order books are most likely to be filled by at least 50%. The 50% mark on the wick is around $3,735, where traders may potentially look to open long positions.
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The price demonstrates a similar setup right now, but ETH may drop as low as $3,700. This is due to the price imbalance created by the flash drop down to $3,615 on Dec. 6.
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From a technical perspective, Ether’s price action between $3,700 and $3,800 will gauge most of the market’s interest. On the 4-hour chart, ETH repeatedly established a higher low when the price retested the range between the 50-day and 100-day EMA levels, combined with the relative strength index (RSI) reversing from the 50 level.
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