SEC General Counsel, Chairman, and CFTC Chairman to Resign on January 20, the Day of Trump's Inauguration

According to CoinDesk, SEC General Counsel Megan Barbero will resign on January 20. Previously, Gurbir Grewal, head of the SEC's enforcement division

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January 20 (Monday)

SEC General Counsel Megan Barbero will resign on January 20

According to CoinDesk, SEC General Counsel Megan Barbero will resign on January 20. Previously, Gurbir Grewal, head of the SEC's enforcement division, resigned in October 2024, and Paul Munter, head of the accounting department, announced his impending departure this week. Barbero has served as General Counsel since February 2023, overseeing the SEC's legal disputes with crypto companies in federal court.

SEC Chairman Gary Gensler will resign on January 20

According to an official announcement, SEC Chairman Gary Gensler will resign on January 20.

The announcement mentioned that in the last full fiscal year, although the cryptocurrency market accounted for less than 1% of the U.S. capital market, 18% of the tips, complaints, and referrals received by the SEC were related to cryptocurrencies. Courts have supported the Commission's actions to protect investors and dismissed all arguments that the SEC could not enforce the law when issuing securities, regardless of the form of the securities issuance.

It is reported that Trump's presidential term will also begin on January 20.

CFTC Chairman will resign on January 20, the day of Trump's inauguration

According to the Financial Times, CFTC Chairman Rostin Behnam will resign on January 20, the day of President Donald Trump's inauguration, and will officially leave office on February 7.

Behnam is concerned that regulation of digital assets, including Bitcoin and other cryptocurrencies, remains insufficient. He stated, "A significant portion of the digital asset space remains unregulated in the U.S. regulatory framework, and given the adoption we see from some traditional financial institutions and the huge demand from retail and institutional investors for these products, it is crucial to fill this gap."

He indicated that the CFTC is still "well-positioned to become the spot regulator for digital commodity assets."

Orbiter Finance token (OBT) TGE will take place on January 20

Layer2 cross-chain protocol Orbiter Finance announced on X that it will launch the OBT token, with the TGE taking place on January 20, 2025. OBT is the ERC-20 governance and utility token of the protocol, launching on Ethereum, Arbitrum, and Base, with a total supply of 10 billion tokens and a circulating supply of 2.8 billion tokens (28%) at TGE.

Regarding token distribution, the community allocation accounts for 40%, with 22% distributed as an initial airdrop to Orbiter users, with 3% airdropped to eligible users monthly for 6 months. The ecosystem and growth allocation accounts for 20%, with 2.5% unlocked at TGE. The Orbiter Foundation allocation accounts for 15%, with 3.5% unlocked at TGE, and the remainder vesting monthly over 23 months. The team and contributors allocation accounts for 15%, and the investor allocation accounts for 10%. Additionally, on-chain governance will open in February 2025.

Orbiter Finance is a decentralized cross-rollup bridge for transferring Ethereum's native assets. In Orbiter Finance, there are two roles: Sender and Maker. When the Sender initiates a transfer, the Maker provides liquidity for it. Smart contracts ensure the security of this process. If the Maker behaves poorly and causes the transfer to fail, the Sender can initiate an arbitration request against the Maker's collateral with the contract and receive excess compensation.

OKX Jumpstart will launch ANIME (Animecoin) staking mining on January 20

The OKX Jumpstart staking mining event will start at 14:00 (Beijing time) on January 20, 2025, allowing OKB and BTC holders to stake OKB and BTC to earn ANIME tokens as rewards. The event will last until 14:00 on January 23.

The total OKB reward pool for this event is 53,333,334 ANIME, and the total BTC reward pool is 26,666,666 ANIME. There is no minimum limit for individual staking, with a maximum staking limit of 600 OKB and 0.3 BTC for BTC, supporting staking and unstaking at any time. ANIME tokens are expected to be listed for trading on January 23, with specific timing to be announced later.

January 21 (Tuesday)

Trump will officially take the oath of office as President of the United States at 1 AM Beijing time on the 21st

According to BBC News, Donald Trump will officially take the oath of office as the 47th