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The $TRUMP memecoin, launched by President Donald Trump on January 17, 2025, experienced significant volatility in its early months. Initially, the token saw a rapid surge in market capitalization, reaching approximately $15 billion by inauguration day. However, this was followed by a sharp decline, with the market cap plummeting to around $2.48 billion, effectively erasing $12 billion in investor value.
A notable event contributing to this decline occurred on February 25, 2025, when a major holder, or "whale," sold 763,582 $TRUMP tokens for $9.48 million USD Coin (USDC). This transaction resulted in a personal loss of $24.4 million for the investor and led to a 13.53% drop in the token's price within 24 hours.
The broader cryptocurrency market also faced downturns during this period, with major cryptocurrencies like Bitcoin and Ethereum experiencing significant losses. Factors such as unmet investor expectations regarding the administration's crypto policies, escalating trade tensions, and high-profile cyberattacks contributed to the overall decline in the crypto market.
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A notable event contributing to this decline occurred on February 25, 2025, when a major holder, or "whale," sold 763,582 $TRUMP tokens for $9.48 million USD Coin (USDC). This transaction resulted in a personal loss of $24.4 million for the investor and led to a 13.53% drop in the token's price within 24 hours.
The broader cryptocurrency market also faced downturns during this period, with major cryptocurrencies like Bitcoin and Ethereum experiencing significant losses. Factors such as unmet investor expectations regarding the administration's crypto policies, escalating trade tensions, and high-profile cyberattacks contributed to the overall decline in the crypto market.
#ShazadaR7
#ILOVE$TRUMP
#SECCryptoRoundtable The U.S. Securities and Exchange Commission (SEC) held its first cryptocurrency roundtable on March 21, 2025, marking a milestone in the regulation of digital assets. The event brought together legal experts, former officials, and industry representatives to discuss regulatory approaches that balance innovation and investor protection.
During the session, Miles Jennings, general counsel of a16z Crypto, criticized the SEC's previous strategy, stating that it failed to protect investors or foster efficient markets. Jennings emphasized the need for a more effective regulatory approach that supports the sector's sustainable growth.
On the other hand, John Reed Stark, former director of the SEC's Office of Internet Enforcement, opposed amending existing securities laws to accommodate cryptocurrencies. Stark argued that digital assets must comply with current regulations to ensure investor protection.
Commissioner Hester Peirce, leader of the SEC's Cryptoasset Working Group, emphasized that this initiative represents a "reconfiguration" of the regulatory approach to cryptocurrencies. The goal is to develop a framework that promotes innovation without compromising investor security.
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During the session, Miles Jennings, general counsel of a16z Crypto, criticized the SEC's previous strategy, stating that it failed to protect investors or foster efficient markets. Jennings emphasized the need for a more effective regulatory approach that supports the sector's sustainable growth.
On the other hand, John Reed Stark, former director of the SEC's Office of Internet Enforcement, opposed amending existing securities laws to accommodate cryptocurrencies. Stark argued that digital assets must comply with current regulations to ensure investor protection.
Commissioner Hester Peirce, leader of the SEC's Cryptoasset Working Group, emphasized that this initiative represents a "reconfiguration" of the regulatory approach to cryptocurrencies. The goal is to develop a framework that promotes innovation without compromising investor security.
Follow Me For More Good Content #ShazadaR7
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