chsmith07201

@chsmith07201

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Trump is set to host the first White House Crypto Summit on March 7, inviting industry leaders to meet the Working Group’s Bo Hines and Trump’s AI and crypto czar David Sacks to discuss regulatory policies and stablecoin oversight, among other things.

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The Crypto Strategic Reserve follows weeks of evaluation from the President’s newly formed Working Group on Digital Assets.

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Investors will also need to distinguish between memecoins that can be seen as genuine “collectibles” and “outright fraudulent activities” like rug pulls which are “not only unethical but also clearly illegal, with case law to support enforcement.”

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Speaking from the Senate floor on Feb. 25, Senator Durbin related a story from one of his constituents who had been scammed by someone claiming authorities had issued a warrant for his arrest. The fraudster claimed that the man could “pay the fine” through a $15,000 deposit at a crypto ATM to avoid jail.

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A Feb. 20 onchain transaction shared by trenchdiver apparently shows Pump.fun adding its first test token to its AMM liquidity pool.

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https://warpcast.com/temma9613/0xddee4ce3

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Ava Labs (Avalanche) and Mysten Labs (Sui) have been called in for oral interviews this week, with Bridge Ventures, LayerZero Labs and Fireblocks also on the shortlist for “token development and support.” Ava Labs, Fireblocks and Blockchain.com have been shortlisted for “token distribution and support.” Regardless of which blockchain the token launches on, the plan is for it to go multichain in due time.

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Moro and DCG agreed to the civil penalties without admitting to or denying any violations of the Securities Act of 1933.

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According to the Jan. 17 filing, DCG and Moro have agreed to pay a combined $38.5 million in civil penalties, with DCG liable for $38 million and Moro liable for $500,000.

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“The gravity of the criminal acts, the place of execution, the order of submission of the request, the citizenship of the requested person, the possibility of further extradition to another country, as well as other circumstances,” the Ministry of Justice said.

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Since Wyoming Senator Cynthia Lummis introduced the Bitcoin Reserve Act earlier this year, states like Texas and Pennsylvania have filed similar proposals. Russia, Thailand and Germany are reportedly considering proposals of their own, further ramping up pressure.

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With speculation mounting that incoming President Donald Trump may sign an executive order declaring a Bitcoin Reserve on day one, or pass legislation to establish a Reserve during his term, many wonder if the move could lead to a crypto supercycle.

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Sim said he was also spurred to bring the idea to the council after he did some investigating and found that houses in the city had increased 381% in value between 1995 and 2022, but gold “pretty remained much flat.”

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On Dec. 3, Yoon imposed martial law during a live television address, citing a need to “eliminate anti-state elements” and address “threats posed by North Korea’s communist forces.”

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The disappearance of key market players and a liquidity crisis contributed to a $30,000 drop in Bitcoin prices on South Korean platforms after President Yoon Suk Yeol’s declaration of martial law.

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Yoon’s declaration of martial law came in response to “threats posed by North Korea’s communist forces,” the president claimed, with measures intended to “eliminate anti-state elements.”

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Bitcoin also dived in global markets, but recovered 2.4% after the martial law declaration was lifted around 4:30 am local time during a Cabinet meeting.

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The Bitcoin-Korean won (KRW) exchange rate plunged from 130 million KRW to 93.6 million KRW following the announcement, according to data from Upbit. A nearly 30% drop.

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Bitcoin and other cryptocurrencies have started to recover from a plunge on Dec. 3 after South Korean President Yoon Suk-yeol reversed his short-lived declaration of martial law.

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Grayscale’s 19b-4 filing will have to be coupled with an SEC-approved Form S-1 registration statement before GSOL goes live.

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