In today's crypto news, the turnover at the U.S. Securities and Exchange Commission (SEC) escalated as Commissioner Jaime Lizárraga announced his resignation effective January 17, following SEC Chair Gary Gensler’s earlier resignation. Under Gensler, the SEC has been aggressive towards cryptocurrencies, initiating over 100 enforcement actions. Meanwhile, Germany’s largest insurer, Allianz, purchased 24.75% of MicroStrategy’s $2.6 billion convertible note offering, showing growing institutional interest in Bitcoin. This investment was spread across four organizational entities within Allianz. Additionally, Solana set a new all-time high on November 22, reaching $264.31 on Coinbase, marking a significant recovery since its price plummeted following the FTX exchange collapse in late 2022. Solana's price has soared by 160% since the start of 2024. Gensler confirmed his resignation coinciding with the inauguration of President-elect Donald Trump, who has pledged to position America as the leading nation for cryptocurrency.

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