According to Reuters, as of now, Trump has not nominated a successor to the next chairperson of the US Commodity Futures Trading Commission (CFTC), and the current chairperson, Rostin Behnam, has previously announced that he will resign on January 20, the inauguration day of President-elect Trump, which means that there may be a "gap" with the regulator for a period of time. Rostin Behnam led the CFTC for four years, most notably during the crackdown on cryptocurrency exchange Binance for violat...
Fanong Credit pointed out in its 2025 foreign exchange outlook that the dollar has been priced with many positive factors, and it is not expected to continue to perform beyond this high next year, while the euro is starting to become oversold and undervalued, which is expected to be the east wind of the recovery! > >
Dollar-denominated bitcoin trading is more concentrated in the U.S. session, with CME's bitcoin and ethereum futures hitting a record number of unpositioned squaring contracts!
US President-elect Donald Trump's nomination of Scott Bessent to be US Treasury secretary has cooled the dollar's recent rally. After Mr. Bessent took office, market participants saw the hedge fund manager taking a more phased approach on tariffs and trying to rein in the budget deficit as a positive sign for the US economy and markets. Erik Nielsen, chief economic adviser at UniCredit, said: "When Mr. Bessent was announced as Treasury secretary, you could really hear a sigh of relief from US fi...
On November 23rd, local time on November 22nd, US President-elect Trump nominated billionaire Scott Bescent to the post of Treasury Secretary. Bescent, 62, is the founder of global macro investment firm KeySquareGroup and served as the chief investment officer of Soros Fund Management. He advised Trump on economic policy during the 2024 presidential campaign.
President-elect Trump is expected to nominate former Georgia senator Kelly Loeffler, a businesswoman and politician who served as U.S. senator from Georgia from 2020 to 2021, to be agriculture secretary, according to people familiar with the matter.
President-elect Trump has said he will nominate Senator Marco Rubio as Secretary of State.
Trump said he would nominate Pete Hegseth (born June 6, 1980), a Princeton graduate with a graduate degree from Harvard and a U.S. Army veteran who has hosted Fox News for eight years, as secretary of defense. Previously, Hegseth's crypto-related remarks included "Trump also made bitcoin great again," "the value of bitcoin is that there is no government control," and said on Fox News that he would not sell bitcoin.
The Trump campaign released a statement saying they would not commit to scheduling any debates with Kamala-Harris until she became the official nominee.