Bitcoin24h $94,175.60-0.44%

Ethereum24h $1,797.93-1.72%

XRP24h $2.09-4.01%

BNB24h $598.13+1.04%

Solana24h $144.36-1.66%

Dogecoin24h $0.1678-3.51%

TRON24h $0.2453-0.95%

Cardano24h $0.6574-4.36%

Sui24h $3.30-4.48%

Chainlink24h $13.43-4.62%

Trump’s crypto reserve conveniently mirrors David Sacks-backed fund

It is difficult to count the number of conflicts of interest in Donald Trump’s endorsement of Ripple, Solana, and Cardano.

SEC drops high-profile crypto cases in pivot

Trump’s administration has made changes to the SEC, and it has dropped legal action against six major crypto firms this month.

Many states in the US have considered bills that would enable them to create “crypto reserves,” but none have passed.

The legislation forbidding government officials from launching memecoins stands for Modern Emoluments and Malfeasance Enforcement Act.

The altcoin market cap peaked at $1.9T on December 8, and has never regained that level despite the election of “crypto-friendly” Trump.