hedylen2bfi

@hedylen2bfi

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During the February stock surge, Metaplanet announced plans to acquire 10,000 Bitcoin by Q4 2025 and that it intends to increase its total holdings to 21,000 BTC by the end of 2026, which would be worth $2 billion in current market prices.

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The correction occurred despite another $2 billion Bitcoin investment from Michael Saylor’s Strategy, shortly after raising $2 billion in a senior convertible note offering, Cointelegraph reported on Feb. 24.

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Some crypto industry watchers are concerned that the token unlock may introduce significant selling pressure for Solana since a significant portion of the locked supply was purchased at FTX auctions at a discount compared to today’s price.

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According to Patrick Hansen, senior director of EU strategy and policy at Circle, the list includes Banking Circle, stablecoin issuer Circle, Crypto.Com, Fiat Republic, Membrane Finance, Quantoz Payments, Schuman Financial, Societe Generale, StabIR and Stable Mint.

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Ten firms are currently approved to issue stablecoins in the European Union under the supranational organization’s Markets in Crypto-Assets (MiCA) regulatory framework.

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Nevertheless, the SEC has taken a much more accommodating approach to crypto asset regulation since the election of President Trump. In February, the agency’s newly created Crypto Task Force met with several firms to clarify broker-dealer and staking rules, among other priorities.

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Gensler even investigated whether Ether should be deemed a security before dropping the case entirely in June 2024, possibly to avoid another embarrassing defeat, according to Carol Goforth, a professor at the University of Arkansas School of Law.

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In early 2023, former SEC Chair Gary Gensler famously quipped that all cryptocurrencies except Bitcoin fall under the agency’s purview. Besides Bitcoin, crypto projects “are securities because there’s a group in the middle and the public is anticipating profits based on that group,” he said at the time.

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Meanwhile, former CFTC Chair Chris Giancarlo tried to convince the Senate Agriculture Committee overseeing the CFTC to support the agency’s oversight of spot crypto markets. As Cointelegraph reported, President Donald Trump is strongly considering handing the CFTC oversight of the sector.

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Handing over regulatory oversight to the CFTC is generally supported by the crypto industry and several Republican lawmakers. For example, in 2022, Representatives Glen Thompson and Tom Emmer reintroduced the Digital Commodity Exchange Act, which would have authorized the CFTC to register and regulate the digital asset sector.

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The Coinbase official said Congress must “create SEC rules for capital raising,” which would provide developers with “clear pathways to raise capital for blockchain projects without every token being treated as a security.”

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Although such a move would greatly diminish the SEC’s regulatory powers over digital assets, Shirzad said the agency still has an important role to play.

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Ryan Lee, chief analyst at Bitget Research, told Cointelegraph that TRUMP has “drawn new investors into the space.” But new audiences aren’t necessarily aware of what makes a sound investment. The launch of TRUMP and MELANIA has predictably made winners and losers, with some shedding millions of dollars as prices slumped.

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“There are shameful and major conflicts of interest with respect to his family business benefiting from his cryptocurrency policies,” Thurber said.

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James Thurber, founder and former director of the Center for Congressional and Presidential Studies, told the Guardian that Trump is blatantly profiting from his own pro-crypto agenda.

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This includes Democrats and disgruntled investors, who, according to Byrne, are 100% likely to sue the project within two months.

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As crypto lawyer Preston Byrne wrote in a blog post, “Crypto is going to be a bigger political football than it’s ever been. Everyone who cares about politics is going to care about it, with no exceptions.”

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It was difficult to imagine an incoming American president launching his own memecoin before Jan. 18. Now, it’s hard to picture TRUMP and other tokens not playing a pivotal role in the US political sphere.

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If speculation is to be believed, more official memecoins by the Trump family are on the way. Though touted as “memecoins,” their significance is unprecedented.

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The president’s memecoin hit a peak of $72 on Jan. 19, then dipped to $44 on Jan. 20 when MELANIA launched. The coin briefly recovered while the president was sworn into office and has since hovered around the $40 mark. At the time of writing, the president’s memecoin is $37 — down 49% from its peak.

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