💰 Axios PM: Crypto takes Washington

🥣 Plus: Leftover helper | Friday, November 29, 2024

View in browser   Presented By Meta   Axios PM By Mike Allen · Nov 29, 2024 🛍️ Happy Black Friday! Hope the deals were with you. Today's newsletter, edited by Sam Baker, is 474 words, 2 mins. Thanks to Bryan McBournie for copy editing.     1 big thing: Crypto's new muscle   Illustration: Shoshana Gordon/Axios   The cryptocurrency industry spent hundreds of millions of dollars to elect a pro-crypto Washington. Now it wants results, Axios' Brady Dale reports. Crypto interests want to see a much lighter touch from the Trump administration's regulators. Crypto leaders are planning to push Congress for a new framework that would help the industry become a bigger part of the financial system. 🏦 What we're watching: The most immediate shift in crypto's favor will likely come from the SEC, its main regulator. The Biden administration has been viewed as acutely hostile. A new SEC could quickly roll back some of its least popular rules and settle ongoing lawsuits. President-elect Trump has yet to name someone to lead the SEC. But he has already appointed two relevant Cabinet members known to be fans of digital assets: Howard Lutnick for Commerce and Scott Bessent for Treasury. 📈 Zoom out: There are now 276 pro-crypto House members, according to the advocacy group Stand With Crypto. The industry's biggest target during the election was Sen. Sherrod Brown (D-Ohio), chair of the Senate Banking Committee and a crypto foe. He lost to Trump-backed Republican Bernie Moreno. But industry spending was bipartisan. Stand With Crypto counts as allies the newly elected Democratic Sens. Angela Alsobrooks of Maryland, Ruben Gallego of Arizona, Andy Kim of New Jersey and Elissa Slotkin of Michigan. Go deeper.     2. 📦 Cyber Monday starts ... today!   Shoppers load a big-screen Sony TV outside Best Buy in Burbank, Ill., today. Photo: Kamil Krzaczynski/Getty Images It's still Black Friday. But retailers are already switching gears to Cyber Monday, and unveiling new deals to encourage consumers to keep shopping, Axios' Kelly Tyko reports. Cyber Monday deals are starting as early as today. More sales will begin tomorrow, which is Small Business Saturday. More sales will start on Sunday. Many Cyber Monday discounts are only for online purchases and not in-store shopping. Kelly's Cyber Monday guide.     A message from Meta How open source AI helps more people build amazing things     Meta's open source AI is available to all, not just the few. Which means more people can build amazing things. Here's how: Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost. Learn more about open source AI.     3. ☕️ DMZ java   Photo: Kim Soo-hyeon/Reuters The world's last Cold War frontier now has a Starbucks. In South Korea, customers can get a glimpse through the heavily militarized border into the North while sipping a latte, Reuters reports. 🇰🇷 Hundreds showed up today for the opening of the chain's newest store — at an observation deck near the city of Gimpo, 30 miles northwest of Seoul, close to the Demilitarized Zone separating the two Koreas. Customers could pose with coffee cups (above) with North Korea's propaganda village of Kaepoong in the background. Watch a 1-min. video.     4. 🥣 What to do with your leftovers   Illustration: Maura Losch/Axios   Have leftovers and a crowd to feed? That's what turkey pot pie is made for, according to celebrity chef José Andrés. His recipe calls for ingredients you likely have on hand after Thanksgiving — including turkey, cornbread, herbs and leftover cooked vegetables. Read the recipe.     A message from Meta Open Source AI: Available to all, not just the few     Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost. The impact: When AI models are open source, they're available to all. And when AI models are available to all, everyone benefits. Learn more.   Thank you for reading today — we're grateful for you. Hope you have a tasty leftover weekend! Are you a fan of this email format? Your essential communications — to staff, clients and other stakeholders — can have the same style. Axios HQ, a powerful platform, will help you do it.   Axios thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Advertise with us. Axios, PO Box 101060, Arlington VA 22201   You received this email because you signed up for newsletters from Axios. To stop receiving this newsletter, unsubscribe or manage your email preferences.   Was this email forwarded to you? Sign up now to get Axios in your inbox.   Follow Axios on social media: