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Citizen Daily Brief

Meet Gary's Replacement ($)

gm Bankless Citizen, the era of Gary Gensler is almost over and Trump made his pick today for his SEC replacement. We've got the lowdown.
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Dec 4, 20243 min read
Meet Gary's Replacement
Published on Dec 4, 2024
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Sponsor: Uniswap Labs — Uniswap Labs launched a $15.5 million bug bounty to help secure V4.

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NEED TO KNOW
The New SEC Chair
  1. 👨‍⚖️ Trump Nominates Paul Atkins to Replace Gary Gensler at SEC. The former SEC commissioner is Trump's pick to take over the controversial agency.
  2. 🌡️ Celsius CEO Pleads Guilty, Faces As Much As 30 Years for Crypto Fraud. As part of his plea deal, Mashinsky agreed not to appeal any conviction less than 30 years in prison.
  3. 📈 Tron Hits New High Amid Broader Altcoin Rally. TRX strikes new highs as some of the industry's older projects catch major bids.
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MARKET VIBES
Begging for $100K

📸 Daily Market Snapshot: The crypto market continued to reach new heights Wednesday as the altcoin market popped, with ETH nearing $3,900. Bitcoin has been holding steady for weeks and once again pushed above the $99K marker but is up against substantial sell pressure between it and its $100K barrier.

Prices as of 6pm ET 24hr 7d
Crypto $3.60T ↗ 3.0% ↗ 8.1%
BTC $98,465 ↗ 2.6% ↗ 2.1%
ETH $3,857 ↗ 6.7% ↗ 5.5%
MKR $2,288 ↘ 1.1% ↗ 22.1%

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New Token Rating: MKR/SKY has been experiencing positive price action since the election of Donald Trump. Will the momentum last?
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ANALYSIS
Who is Future SEC Chair Paul Atkins?
Bankless Author: Jack Inabinet

President-Elect Donald Trump pledged to make America the crypto capital of the world and end the Biden Administration’s anti-crypto crusade during his time on the campaign trail. Today, he announced that long-time SEC insider Paul Atkins will succeed Gary Gensler as SEC chair.

While mainstream media is comfortable portraying Atkins as a “cryptocurrency advocate,” there are still looming concerns about how accommodative a career regulator will actually be for the crypto industry.

In our pursuit of clarity, we must first ask the question: who is Paul Atkins? 🧐


FRIEND & SPONSOR: UNISWAP

Uniswap Labs is offering the largest bug bounty ever: $15.5M for critical bugs in Uniswap v4! Built with community contributions and rigorously audited, v4 will be one of the most audited codebases ever to be deployed onchain, and continues Uniswap’s commitment to security.

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LATEST POD
Ethereum Scalability Solved?

The rollup ecosystem is evolving rapidly, and two key players—Andrew Huang, CEO and Co-Founder of Conduit, and Uma Roy, CEO and Co-Founder of Succinct—are at the forefront of this change.

Together, they’ve unveiled OP Succinct, a new framework that could fundamentally reshape the way we think about rollups and interoperability on Ethereum. By blending cutting-edge zero-knowledge technology with the flexibility of Rollup-as-a-Service (RaaS), OP Succinct aims to address some of Ethereum’s most persistent challenges.

So, what’s going on here? Let’s dive into the details 👇

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TAKE ACTION
What We're Doing

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching 👇

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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