jodie6dala

@jodie6dala

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Gained some weight. Starting my diet today. Eating less.

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Some prominent crypto community figures like Tron founder Justin Sun have claimed that memecoins are the future of crypto, but called for investors to focus on well-established memecoins like DOGE.

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The Official Trump memecoin is currently the fourth-largest memecoin with a market cap of $2.6 billion.

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It added that memecoin buyers and holders wouldn’t be protected by US securities laws but said the fraudulent offer and sale of memecoins “may be subject to enforcement action or prosecution by other federal or state agencies.”

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According to Chainalysis, crypto payments in Singapore reached nearly $1 billion in the second quarter of 2024 alone, underscoring the rise of crypto adoption among the population.

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Many believed capitalism would be a force for innovation and personal freedom. But let’s be honest, it hasn’t lived up to the hype lately. The big fish in every industry keep gobbling up the little fish, and they’ve got the political clout to set the game board however they like.

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Musk has repeatedly battled with the regulator, including in a recent lawsuit where the SEC alleged Musk underpaid Twitter stock investors by over $150 million.

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“Please DM this account with insights on finding and fixing waste, fraud, and abuse relating to the Securities and Exchange Commission,” it added.

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DOGE has added more than 30 affiliate pages on X as it widens the scope of its cash-cutting crusade to multiple federal agencies. One of those affiliates is DOGE SEC, which posted a call to action on Feb. 17 stating, “DOGE is seeking help from the public!”

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Musk’s DOGE is expected to arrive at the SEC in the coming days, according to Politico, citing people briefed on the matter. “They are at the gates,” said one of the anonymous sources in the Feb. 17 report.

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The United States Department of Government Efficiency, led by Elon Musk, has reportedly set its sights on the US Securities and Exchange Commission.

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Kganyago said it was unlikely that South Africa would follow suit if the US were to begin stockpiling Bitcoin and questioned the merits of such a decision.

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Lesetja Kganyago, governor of the South African Reserve Bank, was the only non-crypto panelist.

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“There is a proposal for the US government to start to hold Bitcoin. Like many countries, the US government holds reserves in various assets like gold, oil or rare minerals like palladium,” he said, adding:

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Armstrong elaborated on the proposal for delegates at the WEF session.

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The idea of establishing a Bitcoin reserve was touted by the likes of Lummis, Trump and MicroStrategy founder Michael Saylor during the Bitcoin 2024 conference in Nashville, Tennessee.

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“I don’t think it undermined anything with the strategic Bitcoin reserve. That effort is still alive and well. Cynthia Lummis in the Senate in the US is really pushing that idea,” Armstrong said.

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During the sole cryptocurrency-themed session at this year’s forum, industry leaders painted an optimistic outlook for the sector in the US despite the memecoin-driven frenzy centered around the launch of the Official Trump (TRUMP) token.

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Bitcoin, memecoins and the future of the cryptocurrency industry sparked intense debate at the 2025 edition of the World Economic Forum in Davos, Switzerland, as US President Donald Trump marked his return to the Oval Office.

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“The Task Force’s focus will be to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously,” said the financial watchdog in a statement.

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