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SEC "Eases" Crypto Control, Reshuffles Staff En Masse
The Donald Trump administration continues to push its commitment to limit government intervention in the crypto market, as the US Securities and Exchange Commission (SEC) has just reduced the scale of its crypto oversight unit and reassigned over 50 employees to other departments. This move is seen as a major turning point for the cryptocurrency industry in the US.
🚨 Is the SEC "relaxing pressure" on crypto?
According to a report from #TheNewYorkTimes , some employees from the enforcement department have been reassigned, with even a senior lawyer being removed from this department – something that some in the industry call "unfair demotion."
🚨 Is the SEC "relaxing pressure" on crypto?
According to a report from #TheNewYorkTimes , some employees from the enforcement department have been reassigned, with even a senior lawyer being removed from this department – something that some in the industry call "unfair demotion."
#BNBChainMeme
Touadéra described this week's launch of the meme-coin as an "$experiment", #experiment of something that "can unite people, support national development, and put the [country] on the world stage in a unique way".
But some expressed fears that it could have been a scam.
On Monday, #Touadera thanked those who believed in his vision.
He shared a video of a high school which he said had been deteriorating rapidly, saying the meme-coin would help support its "rebuilding and furnishing" and give "students a chance for a better future".
Despite its potential, #CAR remains one of the poorest countries - a situation complicated by a civil war which has devastated much of the country.
Meme-coins have often been criticised for their speculative nature, where users create or buy them in the hope that their value will rise and make money quickly - but many end up losing money on them.
Just before his inauguration last month, US President Donald Trump launched his own meme-coin $TRUMP whose value quickly soared, and which reportedly raised billions of dollars for him. #TheNewYorkTimes has reported that it is now worth a quarter of its highest value.
Touadéra described this week's launch of the meme-coin as an "$experiment", #experiment of something that "can unite people, support national development, and put the [country] on the world stage in a unique way".
But some expressed fears that it could have been a scam.
On Monday, #Touadera thanked those who believed in his vision.
He shared a video of a high school which he said had been deteriorating rapidly, saying the meme-coin would help support its "rebuilding and furnishing" and give "students a chance for a better future".
Despite its potential, #CAR remains one of the poorest countries - a situation complicated by a civil war which has devastated much of the country.
Meme-coins have often been criticised for their speculative nature, where users create or buy them in the hope that their value will rise and make money quickly - but many end up losing money on them.
Just before his inauguration last month, US President Donald Trump launched his own meme-coin $TRUMP whose value quickly soared, and which reportedly raised billions of dollars for him. #TheNewYorkTimes has reported that it is now worth a quarter of its highest value.
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