Trump is in crypto chaos - meanwhile. This time, it's a meme chaos
It seems Trump stirs the pot again - now there is a member named $Trump. Yes, it blows up the cryptocurrency world and Capitol Hill.
What's wrong?
Senator Chris Murphy (D) just abandoned the Meme Act, which aims to ban hype coins associated with their names. What is his opinion? This is a huge conflict of interest.
Then why are the freaks?
Critics say Trump pushed for a pro-Claterto policy when cashing out his coins. Some people call it direct "crypto corruption".
Even the Republicans became nervous
Not all Republicans are riding with Trump. Talking about the whole situation here makes the United States look dark, especially if former Pres profits from cryptocurrencies while helping to make rules.
Encrypted bills on ice
Thanks to this drama, Democrats paused in other crypto legislation, such as Stablecoin Regs. They are concerned about money laundering related to foreign investors and coins that may be linked to Trump.
Warren proposed
Senator Elizabeth Warren said cryptocurrencies are not enemies, but require guardrails. She wanted clear rules to protect people and leave room for innovation.
Market resonance?
$btc drops 1.2%
$MEME [SUBRE] D 18% - People are obviously pursuing chaos
What's next?
Expect some intense Senate hearings along with new ethics to separate politics and cryptocurrencies. Will the meme behavior actually pass? stay tuned.
#memeyct #meme#memecoin🚀🚀🚀🚀🚀
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