Itās a new era for crypto under President Trump, prompting questions like: Were crypto firms really debanked under the Biden administration? And can the President of the United States really have his own meme coin?
On Friday, the House Oversight Committee wrote to several crypto industry heavyweightsāincluding Coinbase CEO Brian Armstrong and Andreessen Horowitz co-founder Marc Andreessenāto let them know that it has begun investigating the growing claims that crypto firms were secretly debanked in recent years under a plot thatās been dubbed āOperation Choke Point 2.0.ā
āThe Committee is investigating whether this debanking practice originates from the financial institutions themselves or from either implicit or explicit pressure from government regulators,ā Chair James Comer wrote.
Speaking of pressure from regulators, Senator Elizabeth Warren on Wednesday prodded agencies to look into Trumpās meme coin. However, experts tell Decrypt that the legalities around Trumpās Solana token are difficult to determine due to it being uncharted terrainā¦ and in part also because there arenāt clear rules around the crypto industry.
āThe irony is, we don't know for sure what is legal and what isn't legal here, because the Biden administration essentially declined to tell us,ā Brian Frye, a law professor at the University of Kentucky, told Decrypt.
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āThe committee appears to be a venue for corruption, allowing well-connected billionaires to put government policies in place that enrich them while hurting ordinary Americans.ā
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Award-winning films āThe Brutalistā and āEmilia Perezā were called out for using AI for actors' voices. Filmmakers argue it improved them.
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š¹ļø WATCH: Gold Maxi Created $300M Meme Coin By Accident
Ron made a YouTube video in an attempt to prove that cryptocurrency is worthless, after seeing Fartcoin shoot over a $1 billion market cap. Once the video was published, crypto degens caught wind of the story and sent Unicorn Fart Dust (UFD) to over $260 millionānow $300 million. Ron joins us to tell his side of the story, how his opinion has changed on crypto, and why meme coins are important.
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The U.S. President is burnishing his crypto credentials with the launch of his own meme coin, Official Trump.
