Donald Trump and U.S. Politics
In December 2024, Donald Trump continues to have a significant influence on U.S. politics, even though he has not officially assumed the presidency for a second time. He has just taken several important steps in the power transition process, the most notable of which is the appointment of Andrew Ferguson as Chairman of the Federal Trade Commission (FTC). Ferguson, known as a defender of free speech and against censorship by major tech companies, has been chosen to promote consumer protection policies and maintain competition in the technology market. This reflects part of the 'America First' strategy that Trump has always emphasized, aiming to minimize the interference of large companies and protect the rights of the American people.
In addition, Trump has also taken strong actions in foreign relations, such as threatening tariffs against Canada if it does not control the flow of immigrants and drug trafficking across the border. These actions clarify Trump's direction in pursuing policies that protect national security and interests, while also strengthening strategies to address cross-border issues, including drug crime and illegal immigration.
Elon Musk and the Future of Technology
Although there is no particularly new information about Elon Musk in December, he still maintains a strong influence in technology fields, from electric cars (Tesla) to space exploration (SpaceX) and blockchain initiatives (X). Musk continues to be one of the most influential figures, especially as he leads one of the most innovative technology companies in the world. However, Musk's projects, particularly in the social media field (X), are facing scrutiny from regulators, especially regarding privacy and security issues.
Cryptocurrency and Regulatory Challenges
The cryptocurrency market in 2024 has seen many fluctuations and challenges. One of the biggest issues is the increased scrutiny from regulators, particularly from the U.S. Securities and Exchange Commission (SEC). The SEC continues to intensify legal measures against cryptocurrency companies, especially exchanges that do not comply with investor protection regulations. SEC Chairman Gary Gensler has indicated that these platforms must strictly adhere to transparency and user protection requirements. This reflects a strong shift in how regulatory agencies are dealing with this industry, particularly as more cryptocurrency projects raise concerns about sustainability and transparency.
SEC and Its Impact on Cryptocurrency Companies
The SEC not only oversees financial issues but also focuses on protecting users' rights against fraud and non-transparent activities in the cryptocurrency industry. In particular, exchanges and token projects are under close scrutiny. With the SEC pushing for lawsuits and investigations into suspicious projects, this industry faces an uncertain legal future.
Do Kwon and the Collapse of Terraform Labs
Do Kwon, the founder of Terraform Labs and the main perpetrator in the collapse of Terra-LUNA, is still facing a series of serious financial fraud allegations. This incident not only shook the cryptocurrency market but also serves as a warning about the risks investors face when participating in projects lacking clear transparency. Authorities in South Korea and the United States are actively seeking and requesting the extradition of Do Kwon for trial, while investors continue to await the reconstruction of the cryptocurrency market after this major shock.
Conclusion
Overall, the current political and economic landscape of the United States and the world is greatly influenced by prominent figures and events such as Donald Trump, Elon Musk, regulations from the SEC, and issues related to cryptocurrency and major lawsuits like that of Do Kwon. These changes not only reflect modern legal trends but also impact the future strategies of technology development and investment.