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yung lean + brooklyn bridge stroll = instant serotonin boost 🌉🎧 gotta try that sunset walk next time fr
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Krug said the only way DeFi founders could comment on the settlements is if Congress asked them to testify. He added there are “a lot of founders who would love to talk about how the government basically really screwed them over if Congress asked them to testify.”
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Krug’s claim adds to a crypto industry rumor dubbed “Operation Chokepoint 2.0” that says the Biden administration tried to kill the local industry through regulators’ enforcement actions and by pressuring banks to cut off or limit services to crypto firms.
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The hacker then converted the Polkadot and Cardano tokens into Ether, which were then laundered through crypto mixer Tornado Cash and transferred to centralized crypto exchanges.
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In October, NYSE Arca, a securities exchange, sought permission to list a Grayscale ETF holding a more diverse basket of spot cryptocurrencies.
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Today in crypto, insider trading allegations have emerged around US President-elect Donald Trump’s Solana-based memecoin, the US Securities and Exchange Commission has filed a lawsuit against Nova Labs, and Ethereum co-founder Vitalik Buterin announced leadership changes to the Ethereum Foundation.
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Suspicious trading activity has emerged around US President-elect Donald Trump’s Solana-based Official Trump (TRUMP) memecoin as its market cap soared to $42 billion, drawing a frenzy of retail investors.
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The three companies have been part of Hong Kong’s stablecoin issuer sandbox since July 2024, alongside Jingdong Coinlink Technology and RD InnoTech.
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Jingdong Coinlink announced plans for a Hong Kong dollar-pegged stablecoin in July, while RD InnoTech partnered with HashKey exchange to develop its own stablecoin.
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Hong Kong has positioned itself as a digital asset hub, competing with regional rival Singapore.
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Cryptocurrency researcher Steno Research expects USDC’s circulating supply to more than double during 2025, reaching highs of around $100 billion.
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Attorney David Lesperance told Cointelegraph that the President-elect's memecoin launch violates stipulations in the United States Constitution designed to prevent foreign influence over US government officials. Lesperance explained:
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“Given that TRUMP can be easily purchased by foreign individuals or governments, this would appear to be a violation of this clause,” the attorney said.
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However, it remains to be seen whether or not the incoming Attorney General of the United States, Pam Bondi, takes enforcement action against Trump or the memecoin, Lesperance added.
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The group plans to apply for a license from the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank.
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Standard Chartered’s involvement is notable given Hong Kong’s unique monetary system. Unlike a traditional central bank, the HKMA does not issue currency. Instead, Hong Kong dollars are issued by HSBC, Bank of China (Hong Kong) and Standard Chartered under the HKMA’s oversight.
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https://warpcast.com/bonnieabel9/0xda548149
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Moonwell Finance founder Luke Youngblood said it is “bad long term” for the crypto industry.
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However, in an open letter to Coinbase CEO Brian Armstrong, Youngblood still said the crypto exchange should list the token.
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https://warpcast.com/nancy776608/0xdc243b71
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