1. Trump to Sign Bill to End Government Shutdown

The Trump administration supports a bill to end the government shutdown, and Trump will sign the bill. -Original

2. U.S. Treasury Secretary Clarifies Trump's $2,000 Tax Rebate Plan

On November 12, U.S. Treasury Secretary Basant stated that the $2,000 tax rebate mentioned by President Trump is for families with incomes below $100,000, with large-scale rebates expected to be issued by early 2026. The method of distributing tariff bonuses is still under discussion and no decision has been made yet. Previously, Trump stated on November 9 that the U.S. economy is performing strongly and that at least $2,000 would be paid to each person, excluding high-income individuals. -Original

3. Kyrgyzstan Issues $50 Million Stablecoin and Suspends Crypto Mining Operations

Kyrgyzstan has issued a national stablecoin USDKG, with an initial scale of approximately 50.14 million coins, nominally valued at $1 per coin, issued by a state-owned enterprise controlled by the Ministry of Finance and backed by gold reserves, intended for cross-border payments and trade. The official plan is to increase this to about $500 million, with a final target of around $2 billion. Additionally, Energy Minister Talaybek Ibraev announced that due to power shortages, all national crypto mining operations have been shut down and power consumption restrictions have been implemented, while electricity is being imported from neighboring countries (including Russia) to alleviate energy pressure. -Original

4. U.S. Forms New Task Force to Combat Overseas Crypto Scams

U.S. federal agencies are forming a task force to combat large-scale financial fraud conducted through crypto transactions. -Original

5. Dubai Court Freezes $456 Million in Assets Related to Sun Yuchen's Assistance to TrueUSD

The Dubai Digital Economy Court stated that there is sufficient evidence of a breach of trust and ordered a global freeze of related assets to protect the funds. -Original

6. UK MP Farage Proposes Cutting Bitcoin Taxes and Establishing Strategic Reserves

UK MP Nigel Farage stated that the new bill will cut Bitcoin taxes and plans to establish a strategic Bitcoin reserve. -Original

7. She Zhijiang Extradited Back to China for Illegal Blockchain Financing and Gambling Crimes

On November 12, Chinese national She Zhijiang (also known as She Lunkai, Tang Kriang Kai) was escorted by Thai police to Suvarnabhumi Airport in Bangkok and extradited back to China for involvement in illegal blockchain financing and gambling crimes. She Zhijiang had created and operated 239 illegal gambling websites, with involved funds exceeding 12.63 trillion Thai Baht (approximately 2.77 trillion RMB), and engaged in gambling and telecom fraud activities in Myanmar's Myawaddy KK Park and "Asia Pacific New City." He had claimed to be financing through blockchain technology while actually conducting illegal transactions. -Original

8. Visa Launches Stablecoin Payment Pilot, Supporting Instant Cross-Border Settlements with USDC

Visa announced the launch of a stablecoin payment pilot program, allowing creators, freelancers, and businesses to receive payments in USDC issued by Circle through Visa Direct, enabling instant cross-border settlements. During the pilot phase, businesses can make payments in fiat currency in the U.S., and the recipient can choose to receive USDC directly, with funds arriving in almost minutes. Recipients must have a stablecoin wallet that meets Visa standards and pass KYC/AML certification. Currently, only USDC is supported, with plans to expand to more partners in the second half of 2026. Since 2020, Visa has facilitated over $140 billion in crypto and stablecoin transactions and launched over 130 card programs linked to stablecoins. -Original

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