Per CNBC, 58 wallets have made over $10 million each from President Donald Trump’s $TRUMP meme coin, totaling $1.1B in profits. Meanwhile, about 764,000 wallets that purchased the $TRUMP meme coin have lost money. The SEC is ignoring that too. Hawk tua the moon I guess . . .

Crypto’s Inconvenient Truth Per an extraordinary editorial in The Economist this week entitled, “Crypto Has Become the Ultimate Swamp Asset:” “When bitcoin was started in 2009, a utopian, anti-authoritarian movement welcomed it. Crypto’s earliest adopters had lofty goals about

Agreed! The entirety of the crypto-paradigm has become one of Animal Farm redux, highlighting the capacity for ordinary individuals to continue to believe in a revolution that has been utterly betrayed. In Animal Farm, George Orwell attempts to reveal how those in power —

Special Police Protection and Priority in France for the Cryptoverse What’s next, will OG crypto bros be given a special hospital wing in every city, government coupons for Uber-black upgrades and TSA priority boarding for airplane travel? Protos reports: "French crypto

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Why Stablecoins are Neither and the GENIUS Act is Anything But. A Must Read From Financial Regulatory Expert Law Professor Arthur Wilmarth. papers.ssrn.com/sol3/papers.cf…

Kudos to Attorney General Pamela Bondi. As a lawyer 35+ years, I never understood why the ABA (an elitist, biased and entitled lobbying group, which did not represent me), played such an important role in vetting any President’s judicial nominations. Good riddance. news.bloomberglaw.com/us-law-week/bo…

The SEC’s Shameful Abdication of its Investor Protection Mission Continues (So This is How The SEC Dies -- In Plain View) This past week, the SEC’s Division of Corporation Finance proclaimed that crypto-related “staking-as-a-service” products were not securities, even though

“Protecting the American Public from Crypto Risks and Harms” — A Must-Read From Tonantzin Carmona of the Brookings Institution Explicating the Multi-Faceted Perils of the Cryptoverse In a comprehensive crypto-exposé, Tonantzin reframes crypto not just as a tech or finance issue,

Dumbest article ever. nypost.com/business/how-t…

Is The SEC the “King” When it Comes to the Application of US Securities Laws to Crypto? Nope. Yes, the SEC can disappear crypto-related investigations (by closing them all, which the SEC actually did); Yes, the SEC can disappear SEC crypto-related litigation (by dismissing them

SEC and Policing Meme Coins — A Disturbingly Schizophrenic Approach This morning on Squawk Box, Andrew Ross Sorkin specifically asked SEC Chair Paul Atkins about policing meme coins, like the satirical “Sorkin” Meme Coin, which (incredibly and absurdly) apparently reached a

Kudos to SEC Commissioner Hester Peirce for an Uncharacteristically Anti-Crypto Proclamation (Not Surprising Though, You May Recall That it Took Nixon to Go to China) Yesterday, in an extraordinary and unprecedented “Statement,” the famed “Crypto Mom” Peirce makes it clear that