Trump says FBI eyeing Nvidia's Huang as Coinbase lands bank charter

President Trump says the FBI is “looking into” Nvidia chief Jensen Huang, according to the FT. The scrutiny follows Huang's admission of an affair with a woman US authorities believe is a Chinese spy. Nvidia shareholders slapped the chipmaker with a lawsuit after the stock fell more than 4% on the reports, Politico says.

On the crypto side, the NYSE will settle tokenized stock trades exclusively on Avalanche through its planned round-the-clock trading platform, per the WSJ. Coinbase picked up a full national trust bank charter from the US Office of the Comptroller of the Currency. Securitize, meanwhile, bought River One — its first deal since going public — to push into a $6 trillion asset-backed finance market.

AI developer Anthropic is reportedly set to begin trading next week, the WSJ reports.

On Iran, Trump said the country is “militarily, effectively over” and that Washington is keeping the status quo at the request of its neighbours. A proposed US-Iran deal would unfreeze $6B–$9B in Iranian assets and reopen the Strait of Hormuz. France confirmed the European Union will impose sanctions on Iran.

Senator Elizabeth Warren takes the gavel of the Senate Banking Committee in January. Her plans include tightening AI chip export controls to China and regulating prediction markets.