November has been eventful ...

We hope November has been kind to your pockets and morale.

Here’s a recap of 3 things that happened this month -

• Gary Gensler announces departure from the SEC: effective from the 20th January 2025, there will be a new Chair of the Securities and Exchange Commission. Any ongoing legal cases against leading crypto companies and exchanges are likely to be reviewed with the admission of a succeeding Chair.

• US stablecoin issuer Paxos sets to acquire Membrane Finance: revealed by CoinDesk, one of the biggest licenced and registered issuers of stablecoins backed by regulated reserves, Paxos, is making the headlines as it follows in the footsteps of international payment company Stripe in adding an innovative stablecoin team to its operations, primarily to comply with EU regulations.

• Bitcoin surges and is about to break through $100k barrier: had to include this one for all the BTC holders out there. An incredible time for the industry, and with it, a revival in the institutional spirit concerning holding BTC national treasury reserves for sovereign governments worldwide, let alone allowing corporate entities to start adding digital assets to their balance sheets.

Other notable mentions:

• Bank of England releases an update to its CBDC consultations.

• Circle continues to increase partnerships with financial institution giants like BNY Mellon and industry-wide participants including the Aptos blockchain.

So much more has happened, we don’t want to overwhelm.

A reminder to stay healthy and show love to families and friends as we head straight into the holiday season.

Stay tuned.

From Stablecoin City With Love