PANews reported on November 26 that, according to The Block, Acting Chair Caroline Pham of the U.S. Commodity Futures Trading Commission (CFTC) is seeking CEOs to bolster the newly formed CEO Innovation Council. This council aims to strengthen the agency's work as it expands its regulation of digital assets. Pham announced on Tuesday that she is soliciting nominations for the council, with a deadline of December 8. With bills from both the House and Senate granting the agency broader regulatory powers over digital assets, the CFTC is poised to play a greater role in crypto regulation. However, the timeline for legislative action remains uncertain, progress has stalled, and it has missed its previously set goals. In the meantime, the agency has launched a “crypto sprint” focused on clarifying cryptocurrency rules and plans to introduce spot trading products, including leveraged products.PANews reported on November 26 that, according to The Block, Acting Chair Caroline Pham of the U.S. Commodity Futures Trading Commission (CFTC) is seeking CEOs to bolster the newly formed CEO Innovation Council. This council aims to strengthen the agency's work as it expands its regulation of digital assets. Pham announced on Tuesday that she is soliciting nominations for the council, with a deadline of December 8. With bills from both the House and Senate granting the agency broader regulatory powers over digital assets, the CFTC is poised to play a greater role in crypto regulation. However, the timeline for legislative action remains uncertain, progress has stalled, and it has missed its previously set goals. In the meantime, the agency has launched a “crypto sprint” focused on clarifying cryptocurrency rules and plans to introduce spot trading products, including leveraged products.

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more