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.
https://www.citationneeded.news/issue-75/
[#]crypto #cryptocurrency #USpolitics #USpol
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First, a note about my work. I am entirely funded by readers like you, and your support will be crucial going into what is clearly going to be a very busy four years.
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[#]crypto #cryptocurrency #USpolitics #USpol
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Trump’s memecoin did not exactly receive a warm welcome from much of the crypto world, who were horrified that their crypto president would tarnish the industry’s sterling reputation by doing a blatant cashgrab.
[#]crypto #cryptocurrency #USpolitics #USpol
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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.
[#]crypto #cryptocurrency #USpolitics #USpol
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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).
[#]crypto #cryptocurrency #USpolitics #USpol
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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”.
[#]crypto #cryptocurrency #USpolitics #USpol
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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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[#]crypto #cryptocurrency #USpolitics #USpol
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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
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@molly0xfff i gotta say - i really appreciate that you narrate your own articles. thats pretty rad! and great work! :D
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@molly0xfff Give yourself grace. You're doing great work!
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