bellacu1dyer

@bellacu1dyer

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At Iza’s direction, Au created shell corporations and opened bank accounts in the names of those entities, it added.

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“Iza obtained millions of dollars of unreported income as a result of these schemes,” the Justice Department said.

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Pluto said they would remain available “as long as I am needed and to ensure an orderly hand-off of my responsibilities.”

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Quintenz was also nominated to take the seat of Goldsmith Romero, who joined the CFTC in 2022 after being appointed by former President Joe Biden.

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If the rules are too strict, they will drown out everything good about DeFi. So, it’s better to look for new approaches that will support the development of this industry and give it room to grow. After all, DeFi is not only about money. It is about the opportunity for people to feel freer and more confident in their finances.

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Milei said he wasn’t aware of the exact details of the Solana project when he posted about it and that he had “no connection” to the firm that launched the token.

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Milei initially said he liked the idea of the LIBRA token as a way to promote Argentina’s economy, which lacks a strong capital market due to the state’s “mismanagement” in recent decades.

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“Most transactions in the Argentine market are carried out with dollarized digital currencies,” Juppet said in a note shared with Cointelegraph.

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María Fernanda Juppet, CEO of Argentine crypto exchange CryptoMKT, believes the Milei scandal won’t change the way Argentines use cryptocurrencies:

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When asked about the 44,000 investors that may have been impacted, Milei said that most of them were bots.

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The libertarian economist said that problems flowing from the token launch should only include the parties involved. “The state plays no role here,” Milei said.

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“Investing in such products is more of a play for those looking to capture the speculative upside, similar to betting on a small-cap stonk before it takes off,” Radin said. “It’s crucial to remember the lesson from the GameStop saga: When the hype fades, the drop can be severe,” he added.

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Radin said memecoin price action is dependent on trends and fueled by retail speculation.

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While a potential ETF could bring more institutional investment and stabilize the price volatility of the underlying memecoin, it still presents significant risks for investors.

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TRUMP fell by over 14% in the 24 hours to the time of writing to trade at $35.81, around 52% down from its all-time high of over $75 recorded on Jan. 19, CoinMarketCap data shows.

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Despite bringing an influx of new users, the TRUMP token has struggled to gain momentum.

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The memecoin ETF filings follow the launch of the TRUMP token on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19. These tokens reportedly brought over 200,000 new users onchain, according to Moonshot, the platform promoted by US President Donald Trump for purchasing his memecoin.

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“The approval of TRUMP, BONK, and DOGE ETFs is more likely now with Trump’s new crypto-friendly SEC picks,” he told Cointelegraph. “It’s a bold move, potentially bringing more liquidity and mainstream acceptance to memecoins.”

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The approval of memecoin-based ETFs is more likely under the new acting SEC Chair Mark Uyeda, who replaced Gary Gensler, according to Dmitrij Radin, the founder of Zekret and chief technology officer of Fideum crypto regulatory and infrastructure firm.

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The crypto industry has seen an uptick in memecoin ETF filings following the launch of the Trump family’s memecoins, which have attracted significant retail attention.

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