JH Kim

According to Forbes on the 24th (local time), the U.S. Oversight and Government Reform Committee announced that it is investigating allegations of inappropriate bank account closures (Debanking) for individuals and organizations based on political affiliation or participation in cryptocurrency and blockchain technology. The committee is collecting testimonies from individuals and businesses who have experienced bank account restrictions and closures, and is investigating the operational damages resulting from these actions. The aim is to determine whether these measures are the result of independent decisions by financial institutions or excessive government intervention. The committee mentioned names such as a16z founder Marc Andreessen and Coinbase CEO Brian Armstrong, who have publicly commented on the bank account closure situation in the cryptocurrency industry.

According to WuBlockchain, a cryptocurrency-focused media outlet, the cryptocurrency exchange Bitget is awarding a total of $70 million in bonuses to 1,700 employees ahead of the Lunar New Year. Gracy Chen, CEO of Bitget, announced on X (formerly Twitter) that "the top performers will receive up to 50 months' salary, including the first half-year bonus and monthly wages, while most team members will receive 18 to 22 months' salary."

On the 24th (local time), the Financial Times (FT) reported, citing industry insiders, that Andreessen Horowitz (a16z), one of the largest venture capital firms in Silicon Valley, plans to reduce its investment in the UK crypto market and focus on the United States. It is known that a16z is discussing reducing time and funds invested in the UK market and shifting its focus to the US. This comes as Donald Trump, the President of the United States, signed the first executive order related to crypto assets, indicating his intention to focus on the US crypto industry, leading a16z to discuss withdrawing its UK market expansion plans. Previously, a16z had entered London in 2023 and opened a local crypto office.

Cynthia Lummis, a U.S. Senator friendly to digital assets (cryptocurrency), stated on the 24th (local time) via X (formerly Twitter) that she has "become aware of the unfairness related to Operation Choke Point 2.0 (a move by the U.S. government to strengthen regulation and financial pressure on digital assets)" and is "collaborating with FDIC Vice Chairman Travis Hill to completely block such attacks on the digital asset industry."

The three major indices of the U.S. stock market are showing a downward trend. The Nasdaq Composite is trading at 20,034.56 points, down 0.10% from the previous day as of 00:25 on the 25th. The Dow Jones is down 0.25% at 44,453.20 points, and the S&P 500 is recording a 0.05% decline at 6,115.46 points.

The three major indices of the U.S. stock market closed higher. The Nasdaq Composite index rose by 0.22% on the 24th, closing at 20,053.68 points. The Dow Jones index increased by 0.93% to 44,565.26 points, and the S&P 500 index rose by 0.53% to finish at 6,118.72 points.

On the 23rd (local time), Reuters reported that "President Donald Trump signed an executive order to launch a working group on virtual assets (cryptocurrency)." It added, "While presidential advisory committees are not a new concept, a committee dedicated to virtual assets has never existed in U.S. history."

On the 23rd (local time), Walter Bloomberg, a Twitter account for U.S. economic news, cited a Fox News report stating that "President Donald Trump has issued an executive order for a national digital asset (cryptocurrency) reserve."

On the 23rd (local time), according to crypto-specialized media The Block, Jamie Dimon, CEO of the largest bank in the United States, JP Morgan, appeared on a recent podcast and pointed out that "due to regulatory uncertainties, it is currently a reality that US banks find it difficult to provide account services to crypto firms." He explained, "JP Morgan is also dealing with some crypto firms, but under the current regulatory environment, we are always exposed to the risk of paying millions of dollars in fines if issues arise." Furthermore, he added, "If we were to freeze a (crypto firm) customer's account, we have no way to inform them," and "at the very least, we should be able to tell customers why their account was frozen. Also, there needs to be a much clearer boundary on what banks should and should not do."

President Donald Trump of the United States stated on the 23rd (local time) during his speech at the 2025 World Economic Forum (WEF) in Davos, Switzerland, that "the relationship between the United States and China is very good."

President Donald Trump stated on the 23rd (local time) during his speech at the 2025 World Economic Forum in Davos, Switzerland, "What I want to say to Canada is that they can join the United States as a state anytime."

According to The Block, a cryptocurrency-focused media outlet, on the 23rd (local time), a report released by an analyst team led by Nikolaos Panigirtzoglou, an analyst at JP Morgan, predicted that the amount of funds the crypto industry will raise from venture capital (VC) by 2025 is unlikely to reach the peak levels recorded in 2021 and 2022. The report stated, "Regulatory clarity in the US and Europe is expected to have a positive impact on VC investment," but explained that "factors such as intensified competition with traditional financial institutions like BlackRock and Franklin Templeton, the growth of community-driven funding platforms, and the emergence of spot ETFs could dampen VC investment."

President Donald Trump announced on the 23rd (local time) during his speech at the 2025 World Economic Forum held in Davos, Switzerland, that he will "demand lower interest rates." He further stated, "I will ask the Saudi prince to increase U.S. investments to 1 trillion dollars," and "I will also demand that Saudi and OPEC lower oil prices." Earlier, President Trump mentioned at the event that "the United States will become the 'world capital' of artificial intelligence (AI) and virtual assets (cryptocurrency)."

President Donald Trump of the United States mentioned virtual assets (cryptocurrency) at the World Economic Forum 2025, currently being held in Davos, Switzerland, on the 23rd (local time). He further added, "The United States will become the 'world capital' of artificial intelligence (AI) and virtual assets."

Cynthia Lummis, a U.S. Senator friendly to virtual assets (cryptocurrency), announced on the 23rd (local time) via her X (formerly Twitter) that she is "honored to be appointed as the chair of the Digital Assets Subcommittee under the U.S. Senate Banking Committee." She shared the news of her appointment as the subcommittee chair. Previously, Eleanor Terrett, a Fox Business reporter, stated, "The U.S. Senate Banking Committee is scheduled to vote on the appointment of Senator Cynthia Lummis as the chair of the Digital Assets Subcommittee at 10 a.m. Eastern Standard Time on the 23rd," adding, "It is unclear if any other announcements will be made."

President Donald Trump announced on the 23rd (local time) during his speech at the 2025 World Economic Forum in Davos, Switzerland, that "the United States will become the global capital of Artificial Intelligence (AI) and Virtual Assets (Cryptocurrency)."

Eleanor Terrett, a reporter for Fox Business, reported on the 23rd (local time) via X (formerly Twitter) that "the United States Senate Committee on Banking is scheduled to vote at 10 a.m. (local time) on Senator Cynthia Lummis, who has been nominated as the chair of the Digital Assets Subcommittee," adding that "it is unclear if any other announcements will be made." Previously, Cynthia Lummis had posted, "Big news is coming. Wait for 10 o'clock."