null source: https://x.com/Bitcoinsensus/status/1859679875126394900

null source: https://x.com/Bitcoinsensus/status/1859679862723838366

The SEC announced via a press release that Gensler will be stepping down from the commission on January 20, just three months shy of completing a 4-year cycle. The post SEC Chair Gary Gensler Resigns As Trump’s Pro-Crypto Agenda Begins to Manifest appeared first on NFTgators . source: https://www.nftgators.com/sec-chair-gary-gensler-resigns-as-trumps-pro-crypto-agenda-begins-to-manifest/

But, let’s face it, crypto’s regulatory uncertainty isn’t all your fault. source: https://www.coindesk.com/opinion/2024/11/21/gary-gensler-we-wont-miss-you/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

According to Reuters, Trump's "Crypto Advisory Committee" is expected to build the promised Bitcoin reserves. Two sources said the crypto committee may be affiliated with the White House National Economic Council (responsible for coordinating and implementing the president's economic policies) or an independent White House agency. According to them and other industry insiders, the committee is expected to provide advice on digital asset policies, work with Congress to advance cryptocurrency legislation, build Trump's promised Bitcoin reserves, and coordinate between agencies including the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Treasury Department. One source also said that the committee may include law enforcement representatives and former policymakers.

Searches for ‘meme coin’ have trended, reaching 100 points on Google. After several meme coin cycles, the term is showing signs of mainstream interest.  Searches for ‘meme coin’ on Google hint at widening mainstream interest. Both meme coin and meme coins searches are up to their highest level in five years.  This time around, search […] source: https://www.cryptopolitan.com/meme-coin-searches-reach-a-peak-hint-at-mainstream-interest/

OKX market data shows that SOL rose to 259.9 USDT and is currently trading at 257.53 USDT, with a 24-hour increase of 10.95%, setting a record high.

Chris Giancarlo is the frontrunner to hold a position specifically focused on crypto policy in the White House, according to Fox Business. source: https://www.theblock.co/post/327704/former-cftc-chair-chris-giancarlo-a-top-contender-for-white-house-crypto-czar-fox-business?utm_source=rss&utm_medium=rss

According to CoinDesk, the U.S. District Court for the Northern District of Texas has invalidated the Securities and Exchange Commission's (SEC) rule that broadened the definition of a securities dealer to encompass more firms, including those in the cryptocurrency sector. This decision marks a significant legal setback for the SEC under Chair Gary Gensler, coinciding with his announcement of resignation effective January. The court's ruling came in response to a lawsuit filed by the Blockchain Association and the Crypto Freedom Alliance of Texas. The judge, Reed O’Connor, criticized the SEC for overstepping its legal boundaries, stating that the agency exceeded its statutory authority by implementing a broad definition of a dealer that was not aligned with the Exchange Act's text, history, and structure. Consequently, the court ordered the rule, finalized in February, to be discarded. An SEC spokesperson mentioned that the agency is reviewing the decision and will determine the appropriate next steps. The contested rule was part of several initiatives under Gensler's leadership aimed at asserting the SEC's regulatory authority over crypto businesses. The expanded dealer definition was criticized by the industry for being overly vague and imposing unrealistic demands on decentralized finance (DeFi) operations and crypto traders who did not provide dealer services. The swift legal response from the court represents a notable victory for the crypto industry against the SEC, which has been actively pursuing legal actions against the sector. In his resignation announcement, Gensler highlighted the agency's efforts to protect investors and its legal successes in enforcing securities laws, despite the challenges posed by the evolving crypto landscape. Kristin Smith, CEO of the Blockchain Association, hailed the court's decision as a triumph for the digital asset industry. She argued that the SEC's dealer rule was an unlawful attempt to extend its regulatory reach beyond the authority granted by Congress. With the court's ruling, the digital asset industry is shielded from what she described as an unlawful regulatory overreach by the SEC.

OKX market data shows that BTC rose and briefly broke through 98,500 USDT, and is now reported at 98,556 USDT, with a 24-hour increase of 5.38%, continuing to set a new historical high.

Iggy Azalea's feud with Ethereum co-founder Vitalik Buterin stems from his criticism of celebrity-driven crypto projects like her meme coin, MOTHER. While Buterin focuses on blockchain technology's serious use, Iggy promotes her ventures with bold entertainment events, sparking controversy.

Vitalik Buterin donated over $500K in animal-themed meme coins to charity, urging more practical utility for meme coins. Is this a genuine act of altruism or a strategic move to enhance his image while offloading coins?

Pump.fun offers a 0.5 SOL reward to incentivize successful token launches on its platform, which has seen only 1.4% of tokens reach the Raydium DEX. Despite its innovative bonding curve model, the platform's memecoins remain high-risk with a low success rate.

Metallica's official X account was hacked to promote the Solana token METAL, making them the latest victim of celebrity meme coin scams. Rapper 50 Cent and wrestler Hulk Logan also joined the growing list of victims this month.

Brazilian football legend Ronaldinho recently endorsed crypto, claiming it has gone mainstream. However, blockchain detective ZachXBT highlighted Ronaldinho's questionable history in the crypto space.

Andrew Tate's meme coin, Daddy Tate ($DADDY), surged on Solana with his massive online following but faced steep price drops amid controversy and insider trading allegations, posing high risk for investors due to its dependency on Tate's influence and volatile market nature.

Within a week of its launch, Iggy Azalea's MOTHER token achieved a market cap exceeding $200M. However, the recent trend of celeb meme coin releases has drawn criticism from Vitalik Buterin. Will MOTHER’s momentum last?