Retail vs. whales: Who actually drives the Santa rally?

The US banking regulator has permitted banks to hold cryptocurrencies to pay network fees, a decision that could significantly enhance the integration of traditional banking with the cryptocurrency sector. This regulatory change is expected to reshape financial services and payment systems, allowing banks to engage more actively in the crypto market.

The Securities and Exchange Commission (SEC) has released its examination priorities for 2026, which notably do not include cryptocurrency as a focus area. This marks a significant shift from previous years where crypto was highlighted, raising concerns among industry stakeholders about the regulatory landscape. The omission suggests a potential decrease in regulatory scrutiny for the crypto sector, which could impact investor confidence and market dynamics.

The Securities and Exchange Commission (SEC) has released its latest examination priorities document for 2026, which notably does not include cryptocurrency as a focus area. This marks a departure from previous years where crypto was highlighted, raising concerns about the regulatory landscape for digital assets. The absence of crypto in the SEC's priorities may signal a shift in focus or a response to ongoing market conditions.

Japan's Financial Services Agency (FSA) is reportedly preparing to classify certain cryptocurrencies as financial products, which would subject them to stricter regulations and tax treatments. This significant shift in policy aims to provide a clearer legal framework for digital assets in Japan, reflecting the growing importance of cryptocurrencies in the financial landscape. The proposed changes are expected to enhance consumer protection and improve the overall integrity of the crypto market in the country.

The International Consortium of Investigative Journalists (ICIJ) has released a series of reports revealing extensive criminal activities linked to cryptocurrency. These reports detail operations involving human trafficking, drug cartels, Russian criminal gangs, and crypto-to-cash storefronts operating globally. The findings highlight the darker side of the cryptocurrency market and its potential misuse for illegal activities.

Charles Hoskinson, the founder of Cardano, has made a strong statement in response to the recent downturn in the cryptocurrency market. In a video released on November 15, he urged investors to refrain from panic-selling and criticized the act of converting cryptocurrencies to fiat, suggesting it represents a choice for a dystopian future. His comments come amid a challenging market environment, emphasizing the importance of maintaining confidence in the crypto space.

Japan's Financial Services Agency (FSA) is set to reclassify cryptocurrencies as financial products. This change will include the implementation of new disclosure and insider trading regulations and a significant reduction in the crypto tax rate from 55% to a flat 20%. This move is part of Japan's efforts to create a more structured and regulated environment for cryptocurrency trading.

Japan's Financial Services Agency (FSA) is set to reclassify cryptocurrencies as financial products. This move includes the implementation of new disclosure and insider trading regulations. Additionally, the FSA plans to reduce the current tax rate on cryptocurrencies from 55% to a flat 20%.