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An abstract digital image showing interconnected nodes and dissipating particles, with glowing fiery elements, symbolizing cryptocurrency token burning on a blockchain network.

Circle Burns 50.9 Million USDC as Part of $40 Billion Monthly Operations

Summary: Circle processed nearly 15,000 burn transactions in 24 hours removing $1.49 billion, demonstrating the scale of daily redemption operations November burns totaled $19.38 billion through the 13th, tracking toward the $40-50 billion monthly average Recent months maintained consistent turnover with October at $47.97 billion, exceeding USDC's total $39 billion supply Nov. 13 (Crypto-News.Net) -…

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A handshake between two individuals wearing lapel pins representing Republican and Democratic parties, symbolizing bipartisan effort on digital asset regulation, with a gavel on a document and digital icons representing key aspects like self-custody and unresolved stablecoin issues, centered around "CFTC."

Senate Ag Committee Grants CFTC Authority Over Crypto Spot Markets

The draft, released Nov. 10, protects self-custody rights but leaves DeFi provisions unresolved, according to the committee. Key Takeaways: The bipartisan draft gives the CFTC exclusive jurisdiction over spot digital commodity markets, the committee said. Section 103(d) protects self-custody rights, allowing peer-to-peer transactions without mandatory intermediaries, the draft shows. Key issues including stablecoin regulation remain…

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