David Sacks, appointed as the White House’s ‘Crypto Czar,’ confirmed he sold all his cryptocurrency holdings, including Bitcoin, Ethereum, and Solana, prior to joining the administration. He clarified that he has no indirect holdings through Bitwise Asset Management, having exited his position in the Bitwise ETF in January.Sacks emphasized the administration’s commitment to making the U.S. the “Crypto Capital of the World,” aligning with Executive Order 14178. He hinted at further developments to be discussed at the upcoming Crypto Summit on March 7.
about David Sacks Sells All Crypto Holdings Before Joining White House AdministrationElizabeth
0 posts last weekBitcoin Lender Ledn Thrives Amid Changing Banking Landscape and Debanking Challenges
Ledn, a prominent Bitcoin lender, has successfully navigated the challenges of debanking, securing a $50 million Bitcoin-backed loan from Sygnum, marking a historic first for regulated banks. Despite previous struggles with banking relationships, the sentiment towards crypto firms has shifted, with banks now eager to partner with established players like Ledn. As the landscape evolves, Ledn aims to expand its retail lending operations, highlighting the potential for Bitcoin to serve as a more equitable financial tool globally.
about Bitcoin Lender Ledn Thrives Amid Changing Banking Landscape and Debanking ChallengesJPMorgan Chase Accused of Misreporting Reserves and Earning Billions Illegally
A former JPMorgan Chase employee has accused the bank of systematically misreporting complexity indicators used by the Federal Reserve to assess capital reserves, allegedly pocketing $2 billion in the process. The whistleblower claims this practice has been ongoing since 2016, allowing the bank to expand its loan book by $75 billion to $100 billion. Despite internal complaints and retaliation against whistleblowers, the Federal Reserve reportedly permitted these actions, raising concerns about lax bank supervision and accountability.
about JPMorgan Chase Accused of Misreporting Reserves and Earning Billions IllegallyMemecoins Rise Amid Controversy and Market Comparisons to Art Sector
Memecoins and the art market share similar valuation mechanisms, relying on narrative creation for price appreciation, according to Ki Young Ju, CEO of CryptoQuant. Despite concerns over scams, he predicts the memecoin market will mature over the next five years, with a current market cap exceeding $101 billion, led by Dogecoin. The recent launch of the Official Trump token sparked debate over its implications for crypto regulations and potential constitutional violations, highlighting the ongoing controversy surrounding memecoins.
about Memecoins Rise Amid Controversy and Market Comparisons to Art SectorSenator Warren Demands Investigation into Trump Meme Coins $TRUMP and $MELANIA
Senator Elizabeth Warren has called for an investigation into the meme coins $TRUMP and $MELANIA, which were launched by former President Donald Trump. This move highlights concerns regarding the potential implications and regulatory oversight of such cryptocurrency ventures.
about Senator Warren Demands Investigation into Trump Meme Coins $TRUMP and $MELANIAElizabeth Warren Calls for Investigation into Trump’s Crypto Tokens
Senator Elizabeth Warren has called for an investigation into Donald and Melania Trump’s launch of memecoins, TRUMP and MELANIA, citing ethical and legal concerns. She argues that these tokens enrich the Trumps while posing risks of foreign influence and volatility for investors. Warren, alongside Representative Jake Auchincloss, seeks answers from regulatory heads regarding the implications of these tokens by February 4.
about Elizabeth Warren Calls for Investigation into Trump's Crypto TokensElizabeth Warren Proposes Stricter Crypto Regulations to New Treasury Secretary
Elizabeth Warren has intensified her campaign against cryptocurrency, urging Treasury Secretary-designate Scott Bessent to implement stringent regulations, particularly in anti-money laundering efforts. She highlighted the risks of crypto being used for criminal activities and proposed legislative changes to classify crypto exchanges and decentralized finance under the Bank Secrecy Act. Amidst this, Warren faced criticism for allegedly exploiting the California wildfire disaster for political fundraising.
about Elizabeth Warren Proposes Stricter Crypto Regulations to New Treasury Secretary