Satoshi Action Fund CEO Dennis Porter says a Texas lawmaker has started conversations to introduce strategic $BITCOIN legislation at some point in the future.

US President-elect Donald Trump has appointed hedge fund manager Scott Bessent as Treasury Secretary, tasked with implementing an economic strategy focused on tax cuts and tariffs. Bessent, recognized as a prominent international investor and strategist, is expected to address federal debt concerns and stimulate private sector growth. This appointment is part of a broader cabinet selection process following Trump's recent electoral victory, amid a backdrop of significant market optimism regarding economic revitalization.

Cboe Global Markets is set to launch cash-settled index options for spot Bitcoin on December 2, allowing traders to gain exposure to Bitcoin without the complexities of physical delivery. These SEC-regulated options, based on the Cboe Bitcoin U.S. ETF Index, provide flexible investment strategies and enhance trading security through European-style exercise. This initiative expands Cboe's offerings in digital asset derivatives, strengthening its position in the market.