Newsletter: Trump horrifies even some of his crypto-steeped fans by launching a memecoin before his inauguration, and a flurry of activity from the new administration signals what’s in store for the crypto world in the next four years.
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In my view, the memecoin launch only adds to Trump’s long list of already very serious conflicts of interest and unethical activities.
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M [email protected] shared this topic
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The industry’s high hopes for a crypto-focused day one in office quickly sank. However, Trump eventually got around to them later on, issuing a pardon for Silk Road creator Ross Ulbricht on day two.
#crypto #cryptocurrency #USpolitics #USpol
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The much-awaited crypto executive order came later on. Instead of establishing a “bitcoin strategic reserve”, Trump created a committee to think about whether to recommend he establish a stockpile from digital assets already held by the government.
#crypto #cryptocurrency #USpolitics #USpol
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Other agencies, such as the SEC, have already sprung into action to push Trump’s deregulatory agenda, however. And Elon is trying to pump Dogecoin again, this time with the backing of the government.
#crypto #cryptocurrency #USpolitics #USpol
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Crypto crime was particularly violent this week, with a very alarming kidnapping of Ledger co-founder David Balland and his wife (who have since been rescued by police).
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The Ethereum Foundation is facing a confidence crisis, and some were disappointed when Vitalik Buterin announced that his plans to overhaul the leadership don’t include “execut[ing] some kind of ideological / vibez pivot from feminized wef soyboy mentality to bronze age mindset”.
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All that and more in this issue of Citation Needed. If you found this helpful, please consider signing up for a free or pay-what-you-want subscription. Citation Needed is an independent publication, entirely supported by readers like you.
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@molly0xfff When did shitcoins get renamed to memecoins?
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J [email protected] shared this topic
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@molly0xfff I've just signed up for an annual subscription. Thank you for the work you do!
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So everybody was freaking out about the prospect of the US government buying into crypto bigtime and possibly tanking the economy with the next crypto crash.
This doesn't look as bad though right? Just hanging on to confiscated assets does not put us at risk?
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@Phosphenes a bitcoin stockpile/strategic reserve is only one way that they would introduce widespread economic risk, and IMO the deregulatory moves hold much more systemic risk
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@cxiao thank you for the support!
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@molly0xfff I really can’t believe this is what America has become
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Audio version of the newsletter is now out! Thanks for your patience on this one, I had another commitment today and wasn’t able to finish editing it this morning. It’s on the original post, or wherever you get your podcasts: https://pod.link/1719025552
