Overview of Important Overnight Developments on December 28

1. The U.S. crypto industry urges Congress to block new regulations for DeFi brokers;

2. The U.S. NIST proposes expanding the AES encryption standard to address quantum threats;

3. U.S. Treasury Secretary Yellen sends a letter to Congressional leaders regarding the debt ceiling issue;

4. The IRS requires "DeFi brokers" to collect user transaction information;

5. Trump asks the U.S. Supreme Court to halt enforcement of TikTok's forced sale order;

6. The Treasury Department and IRS finalize tax reporting requirements for certain cryptocurrency brokers;

7. Bloomberg: "Tokenization" is becoming Wall Street's new favorite, with the current wave focusing on the digitization of financial assets.