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๐ Despite Trump skipping crypto chatter in his inaugural speech, optimism is buzzing in the crypto world! Many believe his actions speak louder than words, with key pro-crypto appointments at the SEC and CFTC fueling hope. ๐ Bitcoin saw a slight dip to $102k, but the community remains bullish. Crypto lawyer Jake Chervinsky and Circle CEO Jimmy Allaire express confidence in a future with clear regulations and a supportive administration. The crypto world is watching closely, expecting Trump to deliver on his pro-crypto promises. Exciting times ahead!
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๐ Trump skips repealing Biden's Executive Order 14067 on digital assets, leaving crypto enthusiasts puzzled! Despite his promises to end Operation Choke Point 2.0, which critics say stifles crypto firms, the order remains untouched. ๐ค Crypto advocates hoped for relief, but the omission raises concerns about regulatory overreach and its impact on the industry. With agencies like the SEC and FDIC still wielding power, the crypto community is left wondering about the future. Stay tuned as the debate continues!
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๐ Former Coinbase CTO Balaji Srinivasan has suggested that President-elect Donald Trump airdrop TRUMP tokens to US residents, aiming to boost support and solidify his crypto-friendly reputation. This bold move could cost around $7.7 billion, but Srinivasan argues it's a strategic investment in a social contract with voters. ๐ฐ TRUMP, now the third-largest meme coin by market cap, has surged 783% in a week, despite a recent dip. As Trump embraces crypto, could this spark a new trend of political meme coins? The crypto community watches with optimism!
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๐ Binance's former CEO, Changpeng Zhao, has no plans to launch a meme coin tied to his brand, but predicts other leaders will dive into the meme coin craze! Binance's listing of celebrity tokens like TRUMP and MELANIA shows a shift from utility tokens to fun, verifiable ones. ๐ With El Salvador's Nayib Bukele and Argentina's Javier Millei in the mix, plus celebs like MrBeast and Taylor Swift, the meme coin market is buzzing. Despite their small market cap, celebrity tokens are gaining traction, especially with fan tokens getting a boost from launches like KEKIUS. The crypto world is watching closely!
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