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Author: Admin | 2025-04-28
Cryptocurrency exchange FTX collapsed in 2022 and its founder, Sam Bankman-Fried was sentenced to 25 years in prison for his crimes. Trump's meme coin is marketed with an image of the president holding up his fist with the words, "FIGHT FIGHT FIGHT" – a phrase he has dubbed "a battle cry" after surviving an assassination attempt in July 2024. The first lady's coin features a black and white photo of Melania smiling with her hands clasped in front of her face. What is crypto's future under the new Trump administration? In the past, Trump has criticized cryptocurrency, calling it a "scam" and "potentially a disaster waiting to happen" during an interview with FOX Business in 2021. But he has since embraced the sector and on the campaign trail promised to make the U.S. "the crypto capital of the planet" by ending previous enforcement actions and bringing in friendly regulators. The Trump family also has financial interests in World Liberty Financial, a crypto-related company. There have been questions surrounding Trump's meme coin and potential conflicts of interest given that Trump has promised to promote the crypto industry as president. Trump has chosen Paul Atkins, former U.S. Securities and Exchange Commissioner and CEO of a consulting firm with crypto clients to lead the SEC. Atkins is also a supporter of cryptocurrencies and has expressed reservations about the SEC's enforcement actions against the domestic crypto industry. David Sacks, a venture capitalist, has also been appointed by Trump as the country's first crypto and
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