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U.S. President Donald Trump’s newly released national security strategy does not reference cryptocurrency or blockchain, even though he previously spoke about turning the U.S. into a leading crypto center. Instead, the document highlights AI and quantum computing as key national priorities, stating that the U.S. intends to maintain global leadership in these technologies and their standards, along with biotechnology.

SEC Chair Paul Atkins said he anticipates the entire U.S. financial system will transition to blockchain-based infrastructure within the next two years. He added that the shift toward digital assets, tokenization, and broader market digitalization will be the next major phase — one that promises “significant benefits” in terms of transparency and risk management.

Ethereum co-founder Vitalik Buterin said the ecosystem needs a trustless, on-chain gas futures market. He noted that although fees are low right now, users have little clarity about how gas prices might shift over the next couple of years. Such a market, he explained, would both signal expectations for future fees and allow users to hedge against rising costs — even enabling them to prepay for gas within a chosen time window.

U.S. prosecutors have urged a federal judge in New York to impose a 12-year prison sentence on Terraform Labs co-founder Do Kwon, describing his involvement in the 2022 TerraUSD collapse as a “massive” fraud that contributed to wider turmoil in the crypto market, including the eventual failure of FTX. His sentencing is set for December 11.