3 months ago
👌 How does the SEC treat airdrops?
Leading Republican lawmakers have said they want clear answers on how the U.S. Securities and Exchange Commission (SEC) treats token drops in the cryptocurrency industry.
✍️ “By prohibiting Americans from participating in cryptocurrency giveaways, the SEC is preventing cryptocurrency users from taking full advantage of blockchain technology,” Emmer and McGenry wrote.
Leading Republican lawmakers have said they want clear answers on how the U.S. Securities and Exchange Commission (SEC) treats token drops in the cryptocurrency industry.
✍️ “By prohibiting Americans from participating in cryptocurrency giveaways, the SEC is preventing cryptocurrency users from taking full advantage of blockchain technology,” Emmer and McGenry wrote.
3 months ago
🇺🇸 US lawmakers Tom Emmer and Patrick McHenry ask Gary Gensler to clarify the agency's position on crypto airdrops.
“As you know, the philosophy of crypto and blockchain technology is based on decentralization.”
"Yet the SEC's regulatory approach appears to make the goal of decentralization impossible to achieve."
“By prohibiting Americans from participating in aurdrops, the SEC is preventing American cryptocurrency users from fully realizing the benefits of blockchain technology.”
“The SEC’s approach during your tenure has only ensured that the next iteration of the internet will not be designed by Americans or with American values, which is not in the best interests of our constituents.”
“As you know, the philosophy of crypto and blockchain technology is based on decentralization.”
"Yet the SEC's regulatory approach appears to make the goal of decentralization impossible to achieve."
“By prohibiting Americans from participating in aurdrops, the SEC is preventing American cryptocurrency users from fully realizing the benefits of blockchain technology.”
“The SEC’s approach during your tenure has only ensured that the next iteration of the internet will not be designed by Americans or with American values, which is not in the best interests of our constituents.”
3 months ago
🇺🇸 North Carolina passes anti-CBDC bill.
The North Carolina General Assembly passed a bill that prohibits state involvement in testing a CBDC
The North Carolina General Assembly passed a bill that prohibits state involvement in testing a CBDC
4 months ago
⚖️ Crypto influencers in the crosshairs after FTC bans fake likes and followers.
Indeed, crypto influencers will face heavy fines from the United States Consumer Protection Agency.
The regulation could come into effect as early as October and prohibits anyone from “selling or buying false indicators of influence on social media.”
https://x.com/robertfreund...
Indeed, crypto influencers will face heavy fines from the United States Consumer Protection Agency.
The regulation could come into effect as early as October and prohibits anyone from “selling or buying false indicators of influence on social media.”
https://x.com/robertfreund...
4 months ago
4 months ago
🗳️ ApeCoin launches DAO vote to create a BAYC-themed hotel in central Bangkok, Thailand 🇹🇭
The project would bring together numerous advantages:
🔹 50% of the revenue from themed rooms (APE, BAYC, Otherside etc) will be received by the ApeCoin DAO for one year.
🔹 Hotel rooms and bars will accept ApeCoin as payment.
🔹 A big exhibition of the Yuga Labs ecosystem.
🔹 Organize events for ApeCoin members every two months.
🔹 Members of the APE community will be able to use the rooftop for events free of charge.
Total amount requested from the ApeCoin Ecosystem Fund = 410,000 APE, or approximately $300 ,000
https://snapshot.org/#/ape...
The project would bring together numerous advantages:
🔹 50% of the revenue from themed rooms (APE, BAYC, Otherside etc) will be received by the ApeCoin DAO for one year.
🔹 Hotel rooms and bars will accept ApeCoin as payment.
🔹 A big exhibition of the Yuga Labs ecosystem.
🔹 Organize events for ApeCoin members every two months.
🔹 Members of the APE community will be able to use the rooftop for events free of charge.
Total amount requested from the ApeCoin Ecosystem Fund = 410,000 APE, or approximately $300 ,000
https://snapshot.org/#/ape...
5 months ago
"The Governor of North Carolina, Roy Cooper, vetoed a bill prohibiting the state from implementing a central bank digital currency issued by the Federal Reserve.
He said the bill was too "premature, vague and reactionary" to be signed into law.
Although the veto can be annulled by legislators, some criticize this decision as politically motivated. #CBDC #CarolineDuNord”
https://cointelegraph.com/...
He said the bill was too "premature, vague and reactionary" to be signed into law.
Although the veto can be annulled by legislators, some criticize this decision as politically motivated. #CBDC #CarolineDuNord”
https://cointelegraph.com/...
6 months ago
Is the $DJT memecoin actually connected to Trump?
The Solana memecoin reportedly launched by Trump's teen son Barron is mooning, but is it real?
Our analysis 👇
- Unverified Report and Market Impact: Tech, politics, and culture publication
PirateWires posted yesterday on Twitter claiming Donald Trump is launching a token named DJT. Following the post, DJT's trading volume hit $363M in the past 24 hours, and its price surged 385%.
- Speculative Connections and No Confirmation: The report suggested Trump's son Barron, a claim further substantiated by (supposedly) Barron’s best friend, Bo. However, the Trump campaign and organization have not responded.
- Suspicious Posting and Unlocked Liquidity: The contract address was shared in replies to the Pirate Wires post, which, upon analysis, showed DJT's liquidity is not locked, a significant red flag for memecoins, and that the token had a “build-the-wall” feature that could be activated to halt trading.
- KuCoin Funding and Limited Visibility: Further potential red flags come from the fact that the token was funded from kucoincom
, which is inaccessible to U.S. citizens. Also, DJT pools had minimal liquidity visibility on platforms like dexscreener
, working correctly only on specific tools like Dextools.
- Concentration and Trump's Silence: The top owner holds 67% of the supply, a high risk of manipulation. Despite his reputation, Trump has not claimed or bragged about the coin's success, which is unusual for him.
Bankless Take:
The DJT memecoin's surge certainly exhibits all of the hallmarks of a classic crypto grift. The sketchy nature of the source, suspicious dissemination of the contract address, unlocked liquidity, KuCoin funding, limited visibility, and high owner concentration are all significant red flags.
All that said, we don't know for sure one way or the other. In a new era of celebrity memecoins, it's not unreasonable that Trump would be dissatisfied seeing unofficial tickers like $TREMP pump without him getting a take. Further, Pirate Wires is operated by the CMO of venture fund Founders Fund which is run by Trump's close 2016 Silicon Valley ally (and outspoken BTC bull) peterthiel
The Solana memecoin reportedly launched by Trump's teen son Barron is mooning, but is it real?
Our analysis 👇
- Unverified Report and Market Impact: Tech, politics, and culture publication
PirateWires posted yesterday on Twitter claiming Donald Trump is launching a token named DJT. Following the post, DJT's trading volume hit $363M in the past 24 hours, and its price surged 385%.
- Speculative Connections and No Confirmation: The report suggested Trump's son Barron, a claim further substantiated by (supposedly) Barron’s best friend, Bo. However, the Trump campaign and organization have not responded.
- Suspicious Posting and Unlocked Liquidity: The contract address was shared in replies to the Pirate Wires post, which, upon analysis, showed DJT's liquidity is not locked, a significant red flag for memecoins, and that the token had a “build-the-wall” feature that could be activated to halt trading.
- KuCoin Funding and Limited Visibility: Further potential red flags come from the fact that the token was funded from kucoincom
, which is inaccessible to U.S. citizens. Also, DJT pools had minimal liquidity visibility on platforms like dexscreener
, working correctly only on specific tools like Dextools.
- Concentration and Trump's Silence: The top owner holds 67% of the supply, a high risk of manipulation. Despite his reputation, Trump has not claimed or bragged about the coin's success, which is unusual for him.
Bankless Take:
The DJT memecoin's surge certainly exhibits all of the hallmarks of a classic crypto grift. The sketchy nature of the source, suspicious dissemination of the contract address, unlocked liquidity, KuCoin funding, limited visibility, and high owner concentration are all significant red flags.
All that said, we don't know for sure one way or the other. In a new era of celebrity memecoins, it's not unreasonable that Trump would be dissatisfied seeing unofficial tickers like $TREMP pump without him getting a take. Further, Pirate Wires is operated by the CMO of venture fund Founders Fund which is run by Trump's close 2016 Silicon Valley ally (and outspoken BTC bull) peterthiel
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