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chsmith07201

@chsmith07201

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chsmith07201
@chsmith07201
Trump is set to host the first White House Crypto Summit on March 7, inviting industry leaders to meet the Working Group’s Bo Hines and Trump’s AI and crypto czar David Sacks to discuss regulatory policies and stablecoin oversight, among other things.
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The Crypto Strategic Reserve follows weeks of evaluation from the President’s newly formed Working Group on Digital Assets.
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Investors will also need to distinguish between memecoins that can be seen as genuine “collectibles” and “outright fraudulent activities” like rug pulls which are “not only unethical but also clearly illegal, with case law to support enforcement.”
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Speaking from the Senate floor on Feb. 25, Senator Durbin related a story from one of his constituents who had been scammed by someone claiming authorities had issued a warrant for his arrest. The fraudster claimed that the man could “pay the fine” through a $15,000 deposit at a crypto ATM to avoid jail.
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A Feb. 20 onchain transaction shared by trenchdiver apparently shows Pump.fun adding its first test token to its AMM liquidity pool.
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https://warpcast.com/temma9613/0xddee4ce3
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Cardano has since demonstrated freeze and seize capabilities, and Hoskinson launched the Wyoming Integrity Political Action Committee at the end of January due to his concerns over the state’s procurement process.
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Ava Labs (Avalanche) and Mysten Labs (Sui) have been called in for oral interviews this week, with Bridge Ventures, LayerZero Labs and Fireblocks also on the shortlist for “token development and support.” Ava Labs, Fireblocks and Blockchain.com have been shortlisted for “token distribution and support.” Regardless of which blockchain the token launches on, the plan is for it to go multichain in due time.
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@chsmith07201
Ava Labs (Avalanche) and Mysten Labs (Sui) have been called in for oral interviews this week, with Bridge Ventures, LayerZero Labs and Fireblocks also on the shortlist for “token development and support.” Ava Labs, Fireblocks and Blockchain.com have been shortlisted for “token distribution and support.” Regardless of which blockchain the token launches on, the plan is for it to go multichain in due time.
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A wave of high-profile trades highlighted the token’s meteoric rise.
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@alfredandme009
Another trader transformed a $1.1 million investment into $70 million in under four hours. The individual sold 1.35 million TRUMP for 3.65 million USDC while retaining 4.62 million tokens valued at $67.5 million.
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Meanwhile, pseudonymous crypto trader 0xsun purchased nearly 1 million TRUMP tokens with 3,000 Solana , worth $653,000. By selling part of their holding for $812,000, they netted over $3.7 million in profit.
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Wyoming, in the United States, has introduced a bill to create a Strategic Bitcoin Reserve, joining several other states nationwide ahead of Donald Trump’s presidential inauguration on Jan. 20.
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“Wyoming took its first bold step toward a strategic Bitcoin reserve,” Wyoming Senator Cynthia Lummis wrote in a Jan. 17 X post, following the introduction of the bill titled “State Funds-investment in Bitcoin,” which, if passed, allows a portion of Wyoming state funds to be invested in Bitcoin.
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Lummis, a vocal Bitcoin advocate who introduced the Bitcoin Strategic Reserve bill for the US government in July 2024, praised Wyoming representative Jacob Wasserburger for introducing the legislation to “allow permanent funds to diversify into Bitcoin.”
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The bill proposed that the Wyoming state treasurer may use the general fund, the permanent Wyoming mineral trust fund, and the permanent land fund to invest in Bitcoin; however, it was said that under each fund, no more than 3% could be allocated to Bitcoin.
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The US SEC has charged Digital Currency Group (DCG) and former Genesis CEO Soichoro “Michael” Moro with misleading investors about the financial health of Genesis in the aftermath of the Three Arrows Capital (3AC) collapse.
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According to the Jan. 17 filing, DCG and Moro have agreed to pay a combined $38.5 million in civil penalties, with DCG liable for $38 million and Moro liable for $500,000.
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Moro and DCG agreed to the civil penalties without admitting to or denying any violations of the Securities Act of 1933.
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chsmith07201
@chsmith07201
Moro and DCG agreed to the civil penalties without admitting to or denying any violations of the Securities Act of 1933.
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