sophi5uy6

@sophi5uy6

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A warm Farcaster welcome to @jenny9e8s!

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A warm Farcaster welcome to @ella701tt!

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A warm Farcaster welcome to @gillian63fi!

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Trump made firing SEC Chair Gary Gensler one of his central campaign promises to the crypto industry. After the presidential election, Gensler announced that he would step down on Jan. 20. Commissioner Jaime Lizárraga is also planning to leave the SEC on Jan. 17, leaving Crenshaw as potentially the sole remaining Democrat at the agency.

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Crenshaw, a Democrat, was initially nominated for a term expiring in June 2024, but she is allowed to continue working at the SEC until the end of 2025. With President-elect Donald Trump expected to be inaugurated on Jan. 20 and new members of Congress with a Republican majority being sworn in on Jan. 3, Democrats have a very narrow window of opportunity to confirm the SEC commissioner while they hold the Senate.

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Trump made firing SEC Chair Gary Gensler one of his central campaign promises to the crypto industry. After the presidential election, Gensler announced that he would step down on Jan. 20. Commissioner Jaime Lizárraga is also planning to leave the SEC on Jan. 17, leaving Crenshaw as potentially the sole remaining Democrat at the agency.

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Crenshaw, a Democrat, was initially nominated for a term expiring in June 2024, but she is allowed to continue working at the SEC until the end of 2025. With President-elect Donald Trump expected to be inaugurated on Jan. 20 and new members of Congress with a Republican majority being sworn in on Jan. 3, Democrats have a very narrow window of opportunity to confirm the SEC commissioner while they hold the Senate.

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A warm Farcaster welcome to @amelia6g1q!

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A warm Farcaster welcome to @arnold1ng3!

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A warm Farcaster welcome to @gillian63fi!

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A warm Farcaster welcome to @ella701tt!

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A warm Farcaster welcome to @jenny9e8s!

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A warm Farcaster welcome to @amelia6g1q!

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A warm Farcaster welcome to @arnold1ng3!

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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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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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