White House National Economic Council Director Hassett: Inflation data is expected to remain at current levels. Ultimately, the Federal Reserve's decisions must be based on data.

Coinbase stated that the Bigger & Beautiful Act signed by Trump would restrict the deduction of profits from losses, potentially subjecting some taxpayers to taxes even if they incur overall losses. The company believes that prediction markets, due to their contractual nature, could be a more flexible alternative for tax treatment. Coinbase has partnered with Kalshi to promote prediction markets and has filed lawsuits in Michigan, Illinois, and Connecticut, advocating for unified regulation by the federal CFTC.

According to Odaily, Federal Reserve Governor Milan stated that inflation is moving in the right direction. He emphasized that due to the lag in policy effects, monetary policy should be forward-looking. Milan also noted that the Federal Reserve has not yet initiated a new round of quantitative easing.

According to Cointelegraph, veteran trader Peter Brandt has expressed skepticism regarding the potential impact of the US Clarity Act on Bitcoin's price. Despite indications that the legislation could pass Congress as early as January, Brandt believes it will not significantly affect Bitcoin's value. He stated, "Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value." Brandt emphasized that regulation of an asset, particularly one that die-hard investors have traditionally resisted regulating, is not an earth-shattering event. Brandt's comments followed remarks from White House crypto and AI czar David Sacks, who noted, "We are closer than ever to passing the landmark crypto market structure legislation." Sacks expressed optimism about completing the legislative process by January. Some industry observers suggest that the Clarity Act has already been factored into current market prices. While Brandt does not foresee the Clarity Act as a catalyst to propel Bitcoin back to its all-time high of $125,100, he acknowledged that the legislation would be a significant advancement for the broader crypto industry. "The Clarity Act would be positive because it would greatly clarify the regulatory structure for crypto assets," Brandt said. Echoing Brandt's sentiment, Ledn’s chief investment officer, John Glover, told Cointelegraph that the potential passing of the Clarity Act has already "been priced into the market." Glover does not anticipate a significant immediate impact on market prices, suggesting that any benefits to price action may be delayed. He remarked, "It is another step toward broad-based acceptance of Bitcoin and ETH as investable assets, so over time I still expect the price trajectory to be up and to the right over time." Brandt also noted that Bitcoin is currently in a bear market but suggested that the Clarity Act could moderate his "downside bias." Brandt predicts that Bitcoin could fall to $60,000 in 2026, representing a 31% drop from its current price of $88,000, as reported by CoinMarketCap. The Clarity Act has been a focal point for both the crypto industry and pro-crypto lawmakers. On December 9, Wyoming Senator Cynthia Lummis, a member of the US Senate Banking Committee and a prominent advocate for addressing digital asset market structure, expressed her intention to advance the bill in the coming days. Lummis noted that the crypto industry "was getting a little concerned" about the bill's progress, citing frequent changes to drafts during bipartisan discussions.

Federal Reserve Governor Stephen Milan reiterated on Friday that the Fed should cut interest rates because inflation has cooled and monetary policy needs to offset risks to the labor market. Milan stated that the labor market is slowing, and "if this continues in this direction and we fail to adequately adjust policy to curb it, we will be in trouble by 2027." Milan is one of the most vocal supporters of rate cuts within the Fed. At last week's Fed meeting, he voted against a 50-basis-point cut, while most of his colleagues favored a smaller 25-basis-point cut. His term at the Fed ends on January 31.

DraftKings announced on Friday the official launch of its standalone prediction app, "DraftKings Predictions," entering the federal prediction market regulated by the U.S. Commodity Futures Trading Commission (CFTC). The app allows qualified users to trade event contracts related to sports events and financial markets and will be gradually rolled out to major app stores.

The U.S. Securities and Exchange Commission (SEC) today filed a "final consent judgment" proposal in the Southern District of New York against Caroline Ellison, former CEO of FTX-affiliated Alameda Research, Gary Wang, former CTO of FTX, and Nishad Singh, former chief engineer. Under the settlement agreement, Ellison agreed to a 10-year ban on serving as an executive or director, while Wang and Singh agreed to an 8-year ban. All three have not denied the SEC's allegations of violating anti-fraud provisions of securities laws. This case stems from allegations of investor fraud that were revealed after FTX's bankruptcy in November 2022.

Cynthia Lummis, a Republican senator from Wyoming who has long championed cryptocurrency legislation, announced that she will not seek re-election, with her term ending in January 2027. Lummis, who chairs the Senate Banking Committee's Subcommittee on Digital Assets, has been at the heart of congressional crypto regulatory legislation for years and has pushed for crypto tax reform and Trump's strategic Bitcoin reserve legislation. She stated that despite not running for re-election, she will remain focused on pushing for significant legislation in 2026.

Federal Reserve Governor Milan stated that inflation is moving in the right direction; given the lag in policy, monetary policy should be forward-looking; and the Fed has not yet launched a new round of quantitative easing.

US President Trump said government staff reductions will continue, and the 4.5% unemployment rate is an "excellent number"; tariff threats have forced pharmaceutical companies to reach an agreement; of the 17 pharmaceutical companies that have not yet reached an agreement, the remaining three will join next week; all pharmaceutical companies have agreed to lower drug prices.

Whether it's AI or SocialFi, and no matter who's number one now, keeping building is the only way to weather the cycle.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

Although 2025 may end with a price decline, the year still attracted real institutional adoption and laid the foundation for the next phase of actual activation in 2026.

Here are some answers to recent reader questions. If you have any questions, please leave a message. We will compile them and answer them all at once in the next session.

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Recommended reading tonight: 1. The Crypto Industry from the First Principles of Money: The Major Divergence of Cryptocurrencies Under the Dominance of BTC; 2. Looking Back at 2025: The Top Ten Influential Figures in the Crypto Industry; 3. The Shift from Asset Class to Technology.

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