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.

Global investment manager VanEck has reaffirmed its price target of $180,000 for Bitcoin, supported by favorable regulatory conditions and rising institutional interest, although they caution that current high funding rates may indicate market overheating. They highlight significant bullish sentiment reflected in Bitcoin's increasing price, while also warning that elevated funding rates could lead to underperformance for long-term investors. The analysts note recent price trends, suggesting a bullish outlook for Bitcoin's near term.