Molly WhiteNewsletter: As Trump’s web of crypto projects gets tangled up in itself, a regulator warns of “regulatory Jenga” in the crypto sector that echoes the 2008 financial crisis
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Magic Eden is likely scrambling to salvage what has become an embarrassing public relations disaster as the Trump sons have sent cease-and-desist letters over their and the $TRUMP memecoins’ use of the Trump brand.
Trump’s memecoin dinner happened on May 22, though the people who spent millions of dollars on $TRUMP memecoins to secure invitations were treated to mediocre food and only a brief appearance by the president.
The crypto industry is trying to ram through the CLARITY Act, a flawed market structure bill that reads like it was written by industry lobbyists.
SEC Commissioner Caroline Crenshaw is warning of “regulatory Jenga” that “feels all too familiar to those of who have lived through 2008”.
Peter Bindels@molly0xfff > “feels all too familiar to those of who have lived through 2008”.
I've been thinking of shorting the crypto market, but it's hard to tell when exactly it's going to go pop. Y'know, same problem as the main characters from The Big Short had.