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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

👀 Treasury pick 'sees no reason' for US CBDC

🚨 Lummis: FDIC destroyed Operation Chokepoint 2.0 docs

🎧 US gov't: $9B of BTC from 2016 hack should return to Bitfinex

📰 Keep reading to find out about all of today's top stories and more

Trump's potential Treasury Secretary pick 'sees no reason' for US CBDC

Scott Bessent, US President-elect Donald Trump's anticipated pick for the country's Treasury secretary, faced Senators in a hearing to explain his positions on financial issues.

In a Jan. 16 hearing of the US Senate Committee on Finance, Bessent responded to questions from Republican Senator Marsha Blackburn regarding a US central bank digital currency (CBDC).

The Tennessee lawmaker brought up Chinese officials introducing a digital yuan to foreign attendees at the 2022 Olympics and asked how Bessent could handle a potential digital dollar if officially nominated and confirmed in the Senate.

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Senator Lummis claims FDIC destroyed Operation Chokepoint 2.0 docs

Wyoming Senator Cynthia Lummis sent a letter to the Federal Deposit Insurance Corporation (FDIC) claiming that whistleblowers informed her that the agency allegedly destroyed documents related to Operation Chokepoint 2.0.

Lummis instructed the government agency to cease the destruction of documents and preserve all records related to "digital asset activities," including the supervision of Signature Bank and the liquidation of Silvergate Bank.

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OPINION

Crypto projects need more visionary funding for long-term growth

It's time to move past market hype and focus on sustainable development.

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Here's how 'confidential AI' with blockchain and TEEs protects data privacy

Decentralized 'confidential' computing secures data sharing and enables privacy-preserving AI and data monetization.

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Cardano (ADA) 'bottomed' and on verge of 'grand bull market' — Peter Brandt

President-elect Donald Trump has been vocal about the upcoming administration preparing to establish a crypto-friendly Securities and Exchange Commission, transparent token guidelines, and better legal restrictions.

Cointelegraph reported that the incoming president is rumored to be "receptive" to a strategic reserve with other US-based digital assets such as Solana, USDC, and XRP. The speculations have caused a snowball effect in the markets, with "altcoin season" chatter catching the markets' attention again.

In light of that, Peter Brandt, a veteran trader, mentioned that irrespective of an altseason, Cardano has "bottomed," according to its weekly chart.