Crypto News

A top senator is spearheading efforts to regulate cryptocurrencies, prioritizing clear rules for digital assets to boost innovation, protect consumers, and ensure U.S. global competitiveness. 119th Congress: Senator’s Ambitious Plan to Lead US in Crypto Regulation The U.S. Senate Committee on Banking, Housing, and Urban Affairs announced on Jan. 15 that Chairman Tim Scott hasSource link

As the official memecoin of the second Donald Trump presidency flirts with a market cap of $10 billion, and Melania Trump, the next first lady, launches her own, Balaji Srinivasan, the former CTO of Coinbase, said in a thread on X that this whole category of tokens could be equated to gambling.“There is no wealth creation. Every buy order is simply matched by a sell order. And after an initial spike, the price eventually crashes and the last buyers lose everything,” he posted, calling memecoins a zero-sum – even negative sum after exchange fees – lottery.Balaji said that memecoins should be approached in the same way as gambling in Las Vegas for entertainment purposes.“Most should buy assets that retain their...

Arthur Hayes predicts a “memecoin explosion” as stars like Taylor Swift and Beyoncé could follow TRUMP and MELANIA coins, sparking debates on ethics and cryptocurrency’s future. If Trump Can Do It, so Can Taylor Swift and Beyoncé—Arthur Hayes Predicts Memecoin Explosion In a significant move within the cryptocurrency landscape, President-elect Donald Trump and his wife,Source link

The platform has acquired 14,403 ETH, raising its total Ethereum holdings to 28,612, valued at approximately $109 million.Source link

Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup.Source link