Michael Selig has been confirmed as the new Chair of the Commodity Futures Trading Commission (CFTC), with David Sacks praising the current CFTC and SEC leadership as a 'dream team' for crypto regulation. Selig has pledged to prioritize digital assets at what he describes as a 'critical juncture' for the industry. In other news, Coinbase CEO Brian Armstrong criticized bank lobbying efforts to reopen the GENIUS Act, labeling it a 'red line.' Armstrong predicts that banks will eventually support stablecoin yields once they recognize the potential benefits. Meanwhile, Galaxy's Alex Thorn noted that Bitcoin's peak of $126,000, when adjusted for inflation, equates to just $99,848 in 2020 dollars. Additionally, extended outflows from crypto ETFs suggest institutional disengagement, with the 30-day moving average of Bitcoin and Ether ETF net flows turning negative since early November, according to Glassnode. In Brazil, a unique project has been approved to convert Bitcoin price movements into real-time music, using an algorithm to transform market data into melody and rhythm.