ChainCatcher news, according to Watcher.Guru, President-elect Trump will appoint cabinet members who support cryptocurrency to fulfill his promise to make the United States the "global cryptocurrency capital."

ChainCatcher news, Trump has ruled out the possibility of nominating Mike Pompeo (who served as Secretary of State during Trump's previous term) and Nikki Haley (former U.S. Ambassador to the United Nations) for his second cabinet.

ChainCatcher news, according to CNBC, Trump recently stated during his guest appearance on Shawn Ryan's podcast that if he is successfully elected president, Musk is also likely to be unable to serve in the White House cabinet due to his busy corporate affairs, but he would be happy to have Musk as an advisor providing consultation.Trump said: "He wants to be involved. But he is running big companies right now, so he can't, really, I don't think he has enough time to be a cabinet member. Elon and I have a great relationship. He is fantastic, he is a completely unusual person, he is a talented individual."

ChainCatcher message, former U.S. President Trump stated that if elected as the next U.S. president, he would consider eliminating the $7,500 electric vehicle tax credit; he would consider appointing Musk to a cabinet or advisory role, if he is willing.

ChainCatcher news, according to South Korean media reports, the proposal to establish a Virtual Assets Division by the Financial Services Commission of South Korea has been approved by the Cabinet meeting.It is reported that the revised job structure and related implementation rules will be announced and implemented on the 25th of this month. The Virtual Assets Division will be responsible for establishing order in the virtual asset market and protecting users through necessary management and supervision. The department will temporarily increase its staff by 8 (by the end of 2025), including 1 level 4 employee, 4 level 5 employees, 2 level 6 employees, and 1 level 7 employee.

ChainCatcher news, February 19, according to Coinpost, the Japanese Ministry of Economy, Trade and Industry announced on February 16 that the Japanese Cabinet has approved a proposal to add cryptocurrencies to the list of assets that local investment limited partnerships can acquire or hold.If the amendment to the law is realized, Japanese venture capital (VC) will be able to invest in projects that only issue virtual currencies, lowering the threshold for Japanese Web3 companies to raise funds and conduct business.Previously, Japanese venture capital firms were unable to invest directly in crypto assets. The Japanese government is expected to submit the draft amendment to the LPS law to the National Diet as early as 2024.