Trump narrows down the Fed chair candidate pool to Kevin Wash and Kevin Hasset, with Wash's chances of being elected rising to 39% and Hasset's dropping to 54%. Trump favors Wash, believing both support lower interest rates, which the market has already anticipated.

Odaily Planet Daily reports that negotiations in the U.S. Senate over the Cryptocurrency Market Structure Act have not yet resolved multiple disagreements, and substantial progress may be delayed until January next year. The legislative text has been privately circulated among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting on Thursday, hosted by President Donald Trump's crypto advisor Patrick Witt. The negotiations involve four parties: Senate Democrats, Republicans, the White House, and the crypto industry, with four major disagreements still to be resolved. These disagreements include ethical standards for government officials' involvement in digital assets, especially regarding President Donald Trump’s participation, whether stablecoins should be tied to yields, and the U.S. Securities and Exchange Commission (SEC)’s jurisdiction over tokens and its authority to regulate decentralized finance (DeFi). Patrick

President Trump expressed a preference for choosing former Federal Reserve Board member Kevin Wash or National Economic Council Director Kevin Hasset as the Federal Reserve Chair, and revealed discussions with Wash, emphasizing the need to cut interest rates to reduce government debt financing costs.

US White House AI Advisor Sachs Defends Trump's Restrictions on State AI Regulation, Saying the Move Aims to Reduce Business Compliance Burden. He Believes a Unified Federal Regulatory Framework Is Needed to Support Small Businesses and Innovators.

The U.S. Supreme Court is about to rule on the legality of the comprehensive tariffs launched by Trump in April, which could impact the stock market. The S&P 500 index has already rebounded by 39%, hitting a record high. If the ruling declares the tariffs invalid, the earnings of component companies are expected to grow by 2.4% in 2026.

Odaily Planet Daily News: The Federal Reserve signaled this week its openness to continue cutting interest rates in 2026, which was welcomed by investors. The market had previously prepared for the central bank to implement "hawkish rate cuts," i.e., lowering the benchmark federal funds rate, while also strongly indicating a reluctance to make further adjustments. The US stock market rose along with bonds, with the Dow Jones Industrial Average climbing nearly 650 points (1.3%) on Thursday, reaching a new all-time high. Despite internal disagreements within the Fed and the release of complex signals on Wednesday, many still see signs that even a slight further softening of the labor market could prompt the central bank to cut rates again in the coming months. The Fed announced it will expand its balance sheet by purchasing short-term government bonds, an initiative aimed at easing recent pressures in the overnight lending market, which also reassured investors. Investors expect that the Fed will be very different next year, and Trump has already begun to target this week.

On Thursday, U.S. President Donald Trump signed an executive order directing the Department of Justice to challenge state laws in the field of artificial intelligence, especially those enacted independently in the absence of federal regulation. The order establishes an Artificial Intelligence Litigation Working Group, emphasizes federal priority, and may question state laws on the grounds of interstate trade protection, with Colorado’s “Algorithm Discrimination” bill becoming a key focus. In the order, Trump stated that a unified national standard is more conducive to innovation than 50 individual state approaches, claiming that excessive state regulation hampers the development of American AI companies. However, the order was immediately criticized by labor groups, technology policy organizations, and AI researchers, who argued that it sidesteps the potential risks of AI systems and favors the interests of large tech companies. The United Food and Commercial Workers Union pointed out that the order threatens state government rights and may undermine workers’ jobs and rights. AI expert Gary Marcus warned that the order could make Trump himself responsible for economic or social risks related to AI.

Golden Finance reports that according to CCTV News, on December 11th, local time, the U.S. House of Representatives voted 237 in favor and 140 against to shelve the impeachment motion against U.S. President Donald Trump proposed by Texas Congressman Al Green. All Republican members of Congress voted in support of this so-called "shelving motion," and although many Democratic members of the House privately believe Trump should not continue to serve as president or should be impeached, most of them are unwilling to push forward with this resolution.

US Secretary of Commerce Howard Lutnick criticized Federal Reserve Chairman Powell for maintaining high interest rates in an interview, stating that rates should be lower to promote economic growth. He pointed out the GDP growth of 4% and predicted that during Trump's presidency, the economic growth rate could reach 6%.

After weeks of bipartisan negotiations, the legislation on cryptocurrency market structure in the U.S. Senate has yet to make substantial progress. Democrats submitted the latest counterproposal, accepting some Republican framework, but insisting on major reforms in financial stability, market integrity, national security enforcement, and digital asset conduct for public officials. These disagreements indicate that there is still no consensus within the Senate on the core regulatory framework of the bill. Key points of contention include digital asset information disclosure, secondary market protections, tools for illegal financial identification and suppression, compliance obligations for decentralized platforms, and restrictions on stablecoin yields. Democrats are also pushing for strict ethical standards to prevent elected officials from profiting through cryptocurrency projects, which is closely related to controversies involving investments by the Trump family. However, the White House has vetoed some ethical provisions and Democratic nomination requirements, further complicating negotiations.

Trump's actions on digital asset "debanking" prompted the Currency Supervisory Agency to release a new report, warning that banks could face penalties. The report reviewed the policies of nine nationwide banks, noting that they have set higher entry barriers for controversial industries and may face legal accountability.

ChainCatcher Message, Michael Saylor delivered a keynote speech titled “Digital Capital, Credit, Money, and Banking” at the Bitcoin MENA Conference, focusing on the transformative potential of Bitcoin in the global financial system. Saylor pointed out that recent recognition of Bitcoin as a reserve asset by American politicians, including Donald Trump, has been observed, and he demonstrated the growth of Bitcoin reserves since 2020. He described Bitcoin as “the world's digital store of value,” emphasizing features such as no expiration date, no counterparty risk, no event risk, no confiscation risk, no holding fees, high portability, and final settlement within minutes. Through DuPont analysis, Saylor showcased Bitcoin’s superior capital efficiency compared to traditional finance. During his speech, he compared the performance of different asset classes: fiat currency depreciation

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, TRUMP (OFFICIAL TRUMP) is now trading at $5.88, up 3.94% in 24 hours, reaching a high of $6.12 and a low of $5.61, with a 24-hour trading volume of $336 million. The current market capitalization is about $1.176 billion, an increase of $44.6 million from yesterday. TRUMP is an officially recognized Trump-themed token designed to express support for Trump's spirit and philosophy. The token is based on the two blockchains of Solana and TRON, with an initial supply of 200 million coins\$TRUMP and will grow to 1 billion tokens within three years. Users can make convenient purchases through the Moonshot platform using various payment methods such as Visa, MasterCard, Apple Pay, etc., as well as trade through DEXs such as Raydium. The official statement clearly states that the TRUMP token is a cultural expression product and is not an investment product or security.

BlockBeats news, on December 10, U.S. President Trump demanded that Ukraine "quickly accept" a U.S.-led peace plan and was reportedly hoping to finalize the agreement before Christmas. Zelensky signaled willingness to hold elections during wartime but emphasized that any agreement must be based on clear security guarantees from the U.S. and Europe. As the plan involves territorial concessions, NATO issues, and the use of frozen Russian assets, multiple European countries are uneasy about the fast pace pushed by the U.S. The U.S., Ukraine, and Europe continue to be locked in a tug-of-war within the negotiation framework. The U.S. demands accelerated decision-making and stresses that the goal is to achieve sustainable peace, but Zelensky reiterated that he would not accept territorial concessions and needs to coordinate positions with Europe first. European officials are concerned that a U.S.-driven agreement could undermine the cohesion of the Western bloc. Amid rising geopolitical uncertainty, the crypto market sentiment remains cautious. In the short term, BTC is watching the $93,200 resistance, with support remaining at

BlockBeats news, on December 10, Trump posted on Truth Social: “No president has ever worked as hard as I have! I have worked the longest hours, and my achievements are the most outstanding. I ended eight wars, saving millions of lives; I created the greatest economy in our nation’s history; I brought businesses back to America on an unprecedented scale; I rebuilt our military; I implemented the largest tax cuts and deregulation in history; I closed the open and extremely dangerous southern border, something previous administrations failed to do; I gave America a certain ‘aura’ that made other countries respect us more than ever before.” “In addition, I specifically underwent a long, thorough, and tedious physical examination, personally checked and supervised by top doctors. All the doctors gave me perfect scores—some even said they had never seen such a..."

U.S. Senators Gillibrand and Lummis stated at the Blockchain Policy Summit that the Senate is accelerating the advancement of a market structure bill covering the crypto industry, with plans to have it signed by Trump. Despite discussions about ethical risks, the bill is still expected to be completed in early 2026.

Trump stated that he will begin final interviews for the next Federal Reserve chair candidate. Although Kevin Hassett is the leading contender, the decision has not yet been finalized. He may wait until early 2026 to publicly announce the new chair.

金色财经报道，据SolanaFloor披露，TRUMP Meme币官方账号TrumpMeme表示，计划推出一款名为“特朗普亿万富翁俱乐部”（Trump Billionaires Club）的手机游戏，该游戏将由 OpenLoot 提供支持。这款游戏将在游戏内活动中使用TRUMP代币。

According to Jinse Finance, U.S. President Trump said on Tuesday that he will meet with "several" candidates to succeed Jerome Powell as Chairman of the Federal Reserve. While en route to an event in Pennsylvania aboard Air Force One, Trump told reporters, "I will consider a few different people, but I already have a pretty clear idea of who I want." (Jin10)

BlockBeats 消息，12 月 9 日，白宫新闻秘书莱维特表示，美国总统特朗普今日将在宾州发表利好经济的讲话。（金十）

This article summarizes cryptocurrency news for December 9, 2025, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price predictions. Major Web3 events today include: 1. The US CFTC has launched a pilot program allowing BTC, ETH, and USDC to be used as collateral in the derivatives market; 2. Tether participated in an $80 million investment in the Italian humanoid robotics company Generative Bionics; 3. The US Bureau of Labor Statistics: October PPI data will not be released for now and will be published together with November data in January next year.

President Trump recently confirmed that he will sign an executive order seeking to replace state-level or planned AI regulatory laws with more relaxed federal policies. Trump stated on Truth Social that the United States must maintain “unified rules,” otherwise its leading position in the global AI race could be undermined. He said that if all 50 states set their own regulations, “artificial intelligence will be strangled in its infancy.” This plan has quickly raised concerns among safety organizations, scholars, and bipartisan state legislators. In recent months, as AI technology penetrates everyday life—including healthcare, law enforcement, recruitment, content generation, and communications—states have gradually introduced laws to limit deepfakes and curb algorithmic discrimination. In the absence of comprehensive federal legislation, state-level regulation is seen as an important way to fill the gaps in AI safety.

The market generally expects Powell to be replaced by Trump advisor Hassett, but traders have low expectations for future Fed monetary policy easing, projecting only 75 basis points of rate cuts by the end of the year. This is mainly because the inflation rate is expected to remain around 3%, with the real interest rate close to zero.

U.S. President Trump announced that Nvidia will be allowed to sell H200 AI chips to China, but each chip will be subject to a 25% fee. This marks a shift in AI chip policy toward China, and Nvidia's stock price subsequently rose. Jensen Huang believes that the Chinese market is crucial to the U.S. AI industry.

Trump criticized the NCAA's judicial issues on his social platform and hinted at the possible launch of a new meme coin, "BIG." The token attracted a large number of investors in a short period of time, but BlockBeats reminds users to be cautious, as meme coins typically lack real utility and experience extreme price volatility.