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πŸ‡ΊπŸ‡Έ JUST IN: House Ways and Means Committee's Wednesday markup includes a 114-page crypto tax package that leaves out how mining and staking rewards are taxed.

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🚨 NOW: CoinEx announces it is shutting down, citing the prolonged market downturn and rising compliance costs, with withdrawals open until December 22.

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🚨 NOW: $95.34M in crypto longs were liquidated over the past 12 hours as $BTC fell below $77K.

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πŸ”₯ INSIGHT: $367B Standard Chartered says Arbitrum’s $ARB could surge 70x to $10 by the end of 2030.

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πŸ‡ͺπŸ‡Ί JUST IN: EU countries will discuss global AI rules on Thursday, per Politico.

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🚨 JUST IN: Bitcoin falls below $76,000, triggering $115.6 million in crypto liquidations in one hour.

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πŸ‡ΊπŸ‡Έ BESSENT: β€œWe aim to keep America the crypto capital of the world.”

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🚨 JUST IN: Two Robinhood engineers were charged with using confidential company information to trade perpetual futures on Hyperliquid.
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πŸ‡ΊπŸ‡Έ TODAY: Sen. Cynthia Lummis urges the Senate to advance the CLARITY Act, saying Democrats secured 126 concessions and wrote more than half of the 635-page bill.

β€œLet’s vote yes. Let’s get this done.”

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🚨 BREAKING: The CLARITY Act fails to secure the 60 votes needed to advance in the US Senate.

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🚨 BIG: Bitcoin dropped below $75,000 but quickly rebounded above $76,000.

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🚨 NOW: Sen. Cynthia Lummis accused Democrats of choosing politics over consumers and U.S. crypto leadership after the CLARITY Act failed to advance.

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πŸ€– LATEST: OpenAI CFO Sarah Friar says the company is prepared to slow frontier AI development if researchers determine it is necessary for safety.

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πŸ‡ΊπŸ‡Έ NOW: Coinbase CEO Brian Armstrong says crypto can't wait on Congress after the CLARITY Act stalled, adding "clarity is coming to crypto regardless."

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πŸ‡ΊπŸ‡ΈπŸ‡¨πŸ‡³ NEW: Nvidia CEO Jensen Huang will reportedly join President Trump's state dinner for Chinese President Xi Jinping later this month in Washington.

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