The Protocol: Trump Makes More Pro-Crypto Appointments
In this week's issue of The Protocol, President-elect Donald Trump continues to appoint pro-crypto advocates in his administration. Notable appointments include a Chair of the Council of Economic Advisers and a head for the newly formed Crypto Council, signaling a commitment to integrating blockchain and decentralized finance into the U.S. economy. Aptos Labs announced a leadership transition, with Mo Shaikh stepping down as CEO, while Sonic plans to airdrop tokens to TikTok users to enhance DeFi adoption. Additionally, Kraken's new layer-2 rollup network, Ink, has launched ahead of schedule. This initiative, built on Ethereum, aims to enhance scalability and reduce costs, supported by a significant grant from Optimism. The cryptocurrency space is seeing heightened interest from traditional finance, with MicroStrategy securing a spot on the Nasdaq 100 and Nokia venturing into blockchain innovation. Overall, developments in regulatory frameworks, financial products, and crypto exchanges highlight the sector's evolving landscape.
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