ChainCatcher news, according to The Hill, U.S. President Biden has been acting low-key after the election, hardly attracting media attention, whereas Trump has already dominated the public eye before his second inauguration.Republicans find it unsurprising that Biden is absent from significant moments, while Democrats show anticipation for Biden's departure, despite their dislike for the upcoming successor. Some Democrats have expressed that Biden's son being pardoned has left them feeling disgusted with the "Biden world."Some individuals believe Biden should withdraw from the race early or choose not to seek re-election. Former Democratic National Committee official Ivan Zapien stated that many within the party are disappointed with Biden's fatigue and believe preparations should be made for the next election.

ChainCatcher news, according to Jinshi reports, the U.S. Senate has passed a temporary funding bill to avoid a government shutdown, and Biden is expected to sign the bill into law on Saturday.ChainCatcher previously reported, citing Fox News as reported by Jinshi, that after Congress failed to pass a temporary spending bill to avoid a government shutdown and send it to President Biden's desk before the deadline, some government agencies have shut down. The Senate is currently actively voting on amendments and other deliberations to submit the bill to Biden. This temporary bill is expected to pass in the Senate within the next few hours.This partial government shutdown comes just days before Christmas and New Year. However, since the Senate is expected to pass the bill shortly, the disruption to government functions from the brief shutdown will be minimal.

ChainCatcher news, according to The Washington Post, Biden is drafting a plan to allow the construction of artificial intelligence data centers. (Jin Shi)

ChainCatcher news, according to Wall Street Watch, venture capital giant Andreessen Horowitz co-founder and billionaire Marc Andreessen stated in a recent interview that he is a "volunteer without pay" for the Department of Government Efficiency (DOGE), and mentioned that DOGE has two main goals: to cut spending and reduce regulation. Marc Andreessen revealed that the Biden administration has specifically targeted the U.S. tech industry in three areas, leading to a shift in support towards Trump. One is cryptocurrency, where they declared war and attempted to kill the entire industry and push it overseas. The second is AI, where earlier this year they were very afraid that they would treat AI the same way they treated cryptocurrency. The third seems to be an obscure topic, which is the concept of unrealized capital gains tax.

ChainCatcher news, economist and gold advocate Peter Schiff posted on the X platform that one good thing Biden could do before leaving office as President of the United States is to sell all the Bitcoin currently held by the U.S. government. The funds raised could not only reduce the budget deficit for 2024 but also put an end to all the nonsense about "strategic Bitcoin reserves." He added, "Biden could sell everything before Trump takes office, so Trump wouldn't have to go back on his campaign promises."

ChainCatcher news, according to Jinshi reports, on December 1 local time, U.S. President Biden announced a pardon for his son Hunter Biden. U.S. media analysis suggests that this decision marks a reversal of Biden's stance as president, as he has repeatedly stated that he would not use his executive power to pardon his son or reduce his penalties.According to NBC News, this pardon was granted before Hunter Biden is set to be sentenced on December 12 for federal gun charges. Hunter Biden is also scheduled to be sentenced on December 16 in another criminal case, after he admitted to nine federal tax charges in September.

ChainCatcher news, on November 26 local time, U.S. President-elect Trump reached a necessary agreement with current President Biden's administration to allow Trump's transition team to coordinate with existing federal staff before his inauguration on January 20.According to the congressionally authorized agreement, the transition team's staff can collaborate with federal agencies and access non-public information, while government staff are also allowed to communicate with the transition team.However, Trump refused to sign another agreement with the General Services Administration (GSA). This agreement would have allowed his team to use government-secured office spaces and email accounts, but it required the president-elect to limit donations to $5,000 and publicly disclose the names of those who contributed to his transition efforts. (Jin Shi)

ChainCatcher news, Standard Chartered Bank's Global Head of Digital Asset Research Geoff Kendrick believes that many of Trump's commitments to support cryptocurrencies will drive up Bitcoin. He expects that Trump will overturn Biden's veto of SAB121, a controversial accounting guideline from the U.S. Securities and Exchange Commission (SEC), which critics say prevents investment banks from offering cryptocurrency custody services on a large scale.Geoff Kendrick believes that Trump will quickly achieve this goal after taking office on January 20 next year, and he thinks this move will encourage more institutions to adopt cryptocurrencies.

ChainCatcher news, according to U.S. Newsweek, a legal analyst from CNN hinted that Vice President Harris may be nominated to the U.S. Supreme Court.The report states that Bakari Sellers, a lawyer who served as a Democratic member of the South Carolina House of Representatives for eight years, suggested that 70-year-old liberal Justice Sonia Sotomayor could retire from the Supreme Court to allow President Biden to nominate Harris. Before being elected as a senator and then becoming vice president, Harris served as the district attorney for San Francisco and the Attorney General of California. While it is uncommon to nominate a lawyer without judicial experience to the Supreme Court, it is not unprecedented.Bakari Sellers believes this move could be rushed before Donald Trump, who won the U.S. presidential election, takes office. He also stated, "I think this is actually a really good plan. I think it will happen."

ChainCatcher news, according to Forbes, when the election results clearly indicated that Trump would return to the White House, the crypto market began to rise as expected, reflecting optimism about the potential relief the Trump administration might bring to the industry. It is undeniable that Trump will be more supportive of the crypto industry than the current president, Biden. However, there remains uncertainty regarding his level of involvement in promoting industry development and whether relevant legislation can be passed amid a busy legislative agenda.All candidates for positions such as leaders of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Treasury may share favorable views towards the industry like Trump, but it is unclear how much of a priority this issue will be seen. The Trump administration may prioritize deregulation for most industries. However, the crypto industry may be the only sector that runs counter to this trend, as industry members are eager for regulatory clarity. The priority these regulatory agencies place on the crypto industry will determine the duration of this process, but progress in reducing some of the current lawsuits from the SEC may be quicker. However, it is more likely that these agencies will at least provide some form of favorable regulatory guidance, even if not a specific rule.

ChainCatcher News: U.S. President Biden stated that he had a conversation with Trump and assured him that the government would work with Trump's team. (Jin Shi)

ChainCatcher news, according to Jinshi reports, the White House announced that U.S. President Biden will deliver a national address on Thursday at 11:00 AM Eastern Time (midnight Beijing time today).

ChainCatcher news, according to Jinshi reports, on November 6 local time, the campaign team of Republican presidential candidate Trump, who had previously announced victory in the 2024 U.S. presidential election, stated that Trump has accepted the invitation from current President Biden to meet at the White House to discuss the presidential power transition. The specific date of the meeting has not yet been announced, but a spokesperson for Trump's campaign team stated that the meeting "will take place very soon" and noted that Trump "greatly appreciates" the congratulatory call from Biden on the 6th.

ChainCatcher news, Paradigm's Head of Policy Research and former senior advisor to the SEC, Justin Slaughter, posted on X platform that a former Biden White House staffer stated, "Democrats are no longer going to fight crypto to the end. We have too many other things to worry about, and crypto is clearly more resilient than we thought."

ChainCatcher message, according to a statement released by the White House on Tuesday, U.S. President Joe Biden spoke with Nigerian President Bola Tinubu on Tuesday, thanking him for the release of American citizen and Binance executive Tigran Gambaryan. The press release stated that Biden "expressed gratitude for President Tinubu's leadership in ensuring Gambaryan's release" during the call, and particularly appreciated the cooperation in law enforcement, including through the recently announced bilateral task force on illegal finance and cryptocurrency, collaboration on new technologies and innovations, and shared interests in reforming international organizations to reflect African voices.Earlier reports indicated that on the day Tigran Gambaryan was released, the U.S. State Department announced the establishment of a new bilateral task force between the U.S. and Nigeria, focusing on cryptocurrency and illegal finance.

ChainCatcher news, according to Cryptonews, Ripple co-founder Chris Larsen stated in a recent CNBC interview that he believes Vice President Kamala Harris could be a key figure in correcting the Biden administration's mistakes in cryptocurrency policy. Larsen has recently donated $10 million worth of XRP to Harris's campaign, making him one of the largest political donors from the cryptocurrency industry in this election cycle.Larsen has harshly criticized current SEC Chairman Gary Gensler, calling him "the worst public servant in America." He pointed out that Gensler tends to favor enforcement actions over providing clear regulatory guidelines, leading to uncertainty in the industry. According to civic organizations, the cryptocurrency industry has invested over $119 million in political activities in an effort to influence regulatory decisions.