Musk Explores $5,000 DOGE-Funded Stimulus Checks Proposal
Elon Musk signals openness to discuss a plan with President Trump about distributing $5,000 checks to American taxpayers using government efficiency savings. The unprecedented proposal would tap into the Department of Government Efficiency's projected $2 trillion in cost reductions.
Trump Meme Token Announces President's Day Airdrop for Official Merchandise Buyers
The TRUMP meme coin project launches a President's Day promotion offering three tokens worth $48 to buyers of official Trump merchandise and collectibles. The initiative targets customers who purchased items like NFTs, sneakers and watches before February 15, with claims open until March 1.
Lawmaker Slams Trump and Musk Over Crypto Consumer Protection Concerns
A Democratic congresswoman criticizes Trump's meme coin venture and Musk's DOGE influence during a House hearing, highlighting cryptocurrency scams and weakened consumer protections. The debate intensifies between advocates of stricter regulation and those favoring reduced oversight.
Bitcoin Reserve Plan Emerges as Musk Sounds Alarm on U.S. Debt Crisis
Elon Musk expresses grave concerns over America's spiraling $36 trillion debt, while the Trump administration explores establishing a national Bitcoin reserve. The initiatives include a new Doge-inspired department led by Musk that has reportedly generated $100 billion in savings.
Crypto Investment Products Hit $1.3B Weekly Inflows Despite Trump Trade Tensions
Digital asset investment products maintained strong momentum with $1.3B in weekly inflows, led by Ethereum's $793M, despite market uncertainty around Trump's tariff rhetoric. The surge marks the fifth consecutive week of positive flows, pushing 2024's total to $7.3B while US dominates regional investments.
Trump Cryptocurrency Launch Creates Early Winners and Many Losers
Early investors in Trump's cryptocurrency reaped massive profits up to $109 million while over 810,000 later buyers lost billions as the token crashed. The controversial launch has sparked investigations amid questions about Trump's involvement and regulation violations.
Trump's New Crypto Czar Heralds Digital Asset 'Golden Age' with Regulatory Overhaul
David Sacks, Trump's newly appointed cryptocurrency czar, announces plans for comprehensive digital asset regulation reform aimed at fostering innovation while maintaining U.S. market leadership. The initiative includes establishing clear federal frameworks for cryptocurrencies and stablecoins through a dedicated regulatory working group.
SEC Scales Back Crypto Enforcement as Trump Administration Shifts Regulatory Stance
The SEC is downsizing its cryptocurrency enforcement unit and reassigning staff as part of the Trump administration's push for lighter digital asset regulations. The changes align with executive orders aimed at boosting U.S. competitiveness in crypto markets, though critics warn of reduced investor protections.
Bitcoin Dips Below $98K as Trump Administration Evaluates Digital Asset Reserve Strategy
Bitcoin retreats from $100K following US crypto czar David Sacks' announcement of ongoing evaluation of digital asset reserve options. While most altcoins decline, select tokens like TRUMP and Mantra show strength amid regulatory developments and new technological integrations.
Trump Administration Signals Crypto-Friendly Shift as SEC Crypto Unit Downsizes
The SEC's specialized cryptocurrency enforcement unit is being reduced from over 50 staff members, marking an early sign of the Trump administration's lighter regulatory approach. The restructuring aligns with Trump's executive order promoting crypto industry growth and reflects a significant shift from the previous administration's stricter oversight.