NFT stands for Non-Fungible Token. It is a digital asset that can be identified through its unique qualities held within its metadata. Due to the way they are designed and minted, NFTs are unique and cannot be replaced, altered, or changed in any way. Once they have been created, they will be permanently etched on the blockchain’s public ledger for all to see. The NFT concept includes major US-listed companies that engage in the NFT industry.
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Trump appointed Mark Uyeda as the acting chair of the SEC in the USA, and immediately established a working group on Cryptos.
Upon taking office, Ulyada, who is regarded as a supporter of Cryptos, initiated reforms in Cryptocurrency policies. On Tuesday, he announced the establishment of a Cryptocurrency Enforcement Task Force within the SEC, which will build a regulatory framework. Driven by this news, Bitcoin's intraday increase reached 3.0%, priced at $106,290. Trump previously announced that he plans to nominate former SEC commissioner Paul Atkins as the SEC chairman; however, the USA Senate has yet to schedule a confirmation hearing for Atkins.
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