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Morocco preparing law to allow cryptocurrencies, central bank chief says

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, the governor of its central bank, Abdellatif Jouahri, said on Tuesday. Cryptocurrencies have been banned in Morocco since 2017, but the public continues to use them underground, circumventing restrictions. The central bank, known as Bank Al Maghrib, "has prepared a draft law regulating crypto assets, which is currently in the adoption process," Jouahri told an international conference in Rabat.

Damian Williams, Manhattan's top federal prosecutor, to resign ahead of Trump inauguration

NEW YORK (Reuters) -Damian Williams, the top federal prosecutor in Manhattan who secured convictions of high-profile defendants including U.S. Senator Bob Menendez and crypto mogul Sam Bankman-Fried, announced on Monday that he will resign ahead of Donald Trump's return to the presidency. Williams, who was appointed to the post in 2021 by outgoing Democratic President Joe Biden, will step down on Dec. 13 ahead of the Republican Trump's Jan. 20 inauguration. Edward Kim, his current deputy, will succeed Williams on an acting basis as U.S. attorney for the Southern District of New York.

Short-Seller Andrew Left Slams MicroStrategy. Is Michael Saylor's Bitcoin Stock in Trouble?

MicroStrategy (NASDAQ: MSTR) has become one of the most valuable stocks on the Nasdaq by pursuing a simple strategy: buying Bitcoin (CRYPTO: BTC). The stock has soared alongside Bitcoin's gains this year, which have come with the broader bull market, the launch of spot Bitcoin exchange-traded funds (ETFs), and optimism that a new Trump administration will adopt crypto-friendly policies. As you can see from the chart below, both MicroStrategy and the cryptocurrency have surged this year.