US President Donald Trump has issued his first executive order targeting the cryptocurrency industry, fulfilling campaign promises to address crypto-related policies.
In a Jan. 23 televised address from the Oval Office, Trump appeared alongside his “AI and crypto czar,” David Sacks, who elaborated on the executive order’s goals.
Sacks explained that the order establishes an “internal working group to make America the world capital in crypto,” with himself appointed to lead the initiative.
The executive order prohibits “the establishment, issuance, circulation, and use” of a US central bank digital currency (CBDC). It also tasks the working group with exploring the creation of a national crypto stockpile and drafting a regulatory framework for stablecoins.
The proposed working group would include the US treasury secretary, attorney general, SEC and CFTC chairs, as well as members of Trump’s cabinet and other agency heads.
During the announcement, Trump remarked that Sacks would “make a lot of money” through the executive orders related to AI and cryptocurrency.
According to the order’s text, Trump officially revoked a March 2022 executive order from former President Joe Biden, which directed agencies to develop a regulatory framework for crypto.
Controversies Surrounding Trump’s Crypto Policies
The executive order fulfills Trump’s campaign promise to prevent the development of a CBDC. However, critics question the extent of presidential authority to enact such sweeping policies via executive order.
For instance, a Jan. 20 order revoking birthright citizenship under the 14th Amendment was quickly blocked by a federal judge as “blatantly unconstitutional.”
Trump has also pardoned Silk Road founder Ross Ulbricht, another campaign promise, but has yet to comment on his pledge to ensure all Bitcoin is “made in the USA.”
Trump Executive Order could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Executive Order (TRUMPEO), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days.
This is because TRUMPEO is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Executive Order can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Executive Order could become the next viral memecoin.
Trump Executive Order launched with over $25,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Trump Executive Order on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet and swap Solana for Trump Executive Order by entering its contract address – Guze7ScXTVo3JPwojxcVX5P7EEcC5ncAByrA47QJ6JzT – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like TRUMPEO.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
US Senator Elizabeth Warren has written an open letter to Department of Government Efficiency (DOGE) Chair Elon Musk, offering strategies to reduce wasteful federal spending.
In the Jan. 23 letter, Warren proposed fully funding the IRS, closing the carried interest loophole, and implementing a capital gains tax on inherited estates. She emphasized that wealthier Americans should bear more responsibility, noting they are mentioned repeatedly in her proposal. Musk, whose net worth is estimated at $426 billion, would clearly be impacted.
Warren raised concerns about DOGE’s policies, citing potential ethical conflicts. She stated, “It is not clear that you and other DOGE leaders are able to identify and mitigate your conflicts of interest and adhere to common-sense ethics standards. As a result, the committee appears to be a venue for corruption.”
She also argued that changes to the tax code could generate significant revenue. Warren highlighted how increases to the estate tax exemption have reduced taxable estates. “The tax expenditures arising from the exclusion of capital gains on assets transferred at death totaled about $39 billion in 2019. DOGE should end this stepped-up basis for assets transferred at death, saving over $60 billion per year going forward,” she wrote.
Different Visions for Government Spending
Despite sharing an interest in efficiency, Warren and Musk remain unlikely allies. Warren has urged President Trump to fully fund the IRS, claiming it could increase enforcement and improve taxpayer services, yielding a 12:1 return on investment.
However, President Trump and Musk have charted different paths. On his first day in office, Trump froze hiring across federal agencies. Musk, while initially targeting $2 trillion in cuts, recently acknowledged this figure might be unrealistic, suggesting $1 trillion as a more achievable goal.
Given that mandatory spending accounts for two-thirds of the federal budget, including Social Security and Medicare, achieving such reductions remains a significant challenge.
Trump Executive Order could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Executive Order (TRUMPEO), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days.
This is because TRUMPEO is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Executive Order can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Executive Order could become the next viral memecoin.
Trump Executive Order launched with over $25,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Trump Executive Order on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet and swap Solana for Trump Executive Order by entering its contract address – Guze7ScXTVo3JPwojxcVX5P7EEcC5ncAByrA47QJ6JzT – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like TRUMPEO.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Following the initial surge from the “Trump pump” trade, Bitcoin’s price has stabilized between $100,000 and $110,000 since the inauguration of the newly elected U.S. president.
On Jan. 21, the crypto asset saw a 3.78% jump, but its price movement has since consolidated within this range over the last 24 hours.
With no clear directional momentum on the lower time frame (LTF), one analyst predicts that this sideways trend could persist for the rest of the month.
Will quantitative easing spark Bitcoin’s next rally?
Krillin, a professional crypto trader, suggested that Bitcoin might continue its consolidation until after the Federal Open Market Committee (FOMC) meeting on Jan. 28–29.
He stated, “Assuming no BoJ scam, we likely chop between 100k and 110k till FOMC end of month.”
The analyst also hinted at a potential dip, given that interest rate cuts are not expected during the meeting.
According to the CME FedWatch tool, there is a 99.5% likelihood that interest rates will remain unchanged at 4.25%–4.5%.
However, dovish comments or hints at quantitative easing (QE) could drive risk assets higher.
As of Jan. 22, U.S. national debt reached $36.21 trillion, surpassing the $36.1 trillion ceiling.
Congress may raise the debt limit again, as it has done 78 times since 1960.
If QE becomes a reality, the Federal Reserve may inject liquidity into the market through large-scale asset purchases, a scenario that would likely benefit Bitcoin.
Tracking a reversal in the Fed’s balance sheet, which has declined from $9 trillion in April 2022 to $6.8 trillion as of Jan. 15, could provide further insight.
Bitcoin’s capital inflows have slowed
While the market anticipated aggressive bullish momentum after Bitcoin surpassed $100,000, data from Glassnode shows a decline in capital inflows.
BTC’s realized cap net position change fell from 12.5% to under 5% since November 2024.
Glassnode reported, “Net realized profit-taking peaked at $4.5B in Dec 2024, and is now down to $316.7M (-93%). This reduction in sell-side pressure suggests the market is resetting to a state of supply-demand balance.”
Billionaire entrepreneur and Cost Plus Drugs co-founder Mark Cuban recently suggested the idea of creating a memecoin to help pay off the U.S. national debt.
On Jan. 21, Cuban stated that if memecoins are “the way,” he might consider issuing one similar to U.S. President Donald Trump’s official memecoin.
He proposed that the token would follow the same terms and release schedule as Trump’s, but all proceeds would go toward reducing the U.S. national debt.
Cuban added that the wallet address for the memecoin would be publicly available, allowing anyone to track the funds.
He remarked that individuals who enjoy speculating on meme-based tokens could use their participation to contribute to the debt.
“If you want to gamble, gamble. But at least use it to make a dent in the U.S. Debt,” Cuban wrote.
Memecoins and the U.S. Government
Despite the U.S. government’s generally skeptical stance toward cryptocurrency in recent years, the newly inaugurated president has shown an active interest in the crypto space.
In addition to launching official non-fungible token (NFT) projects, Trump has also entered the memecoin market.
On Jan. 18, just days before his inauguration, Trump introduced his Official Trump (TRUMP) memecoin.
The token quickly achieved a market capitalization of $14.5 billion within a day, but its value has since fallen by nearly 50%, now trading at around $38.56, according to CoinGecko.
Similarly, First Lady Melania Trump launched her own token, Official Melania (MELANIA).
The token initially reached a market capitalization of $6 billion but has since dropped to approximately $680 million.
Can Cuban’s Memecoin Reduce U.S. Debt?
The U.S. national debt stands at nearly $36 trillion, according to the Treasury Department.
While Cuban’s proposal might not be serious, it underscores the magnitude of the debt issue.
Even if Cuban’s memecoin matched Trump’s in performance, it would only address about 0.03% of the debt, with actual contributions likely to be even smaller due to token devaluation when sold.
NBA superstar Tristan Thompson is the latest big name to partner with Sportsbet.io, the world’s favorite crypto-first sports betting site, as its newest global ambassador.
Thompson, a Cleveland Cavaliers center and 2016 NBA Championship winner, will bring his star power and passion for cryptocurrency to the Sportsbet.io community for the next two years.
The Canadian basketball legend will be sharing his views on the latest action for Sportsbet.io, where fans will have the opportunity to take part in some exclusive promotions.
Shane Anderson, Director Partnership, Content and Brand, Yolo Entertainment, the operator of Sportsbet.io, added, “We’d like to give a huge Sportsbet.io welcome to Tristan, an elite athlete whose passion for both basketball and cryptocurrency makes him a perfect match for us. We’re thrilled to have him on the team, and we already have some exciting plans in the works. Watch this space.”
Matthew D’Emanuele, CEO at Yolo Entertainment, the operator of Sportsbet.io, added: “We’d like to give a huge Sportsbet.io welcome to Tristan, an elite athlete whose passion for both basketball and cryptocurrency makes him a perfect match for us. We’re thrilled to have him on the team, and we already have some exciting plans in the works. Watch this space.”
Thompson’s crypto credentials are already well established; he’s been a vocal supporter of Bitcoin, and recently celebrated as it reached a new all-time high in price. He will be providing weekly betting tips on a range of sports, including NFL, MLB, European soccer, tennis, golf, UFC and boxing.
The partnership with Thompson marks another exciting new chapter for Sportsbet.io, which has earned a reputation for both its innovative approach to gaming, and its star-studded line-up of ambassadors, including World Cup winning Brazilian footballer Denilson, Kenyan rapper King Kaka and many more.
Sportsbet.io is also an official partner of LALIGA and Newcastle United.
About Sportsbet.io
Founded in 2016 as part of Yolo Group, Sportsbet.io is the leading crypto sportsbook. Sportsbet.io has redefined the online betting space by combining cutting-edge technology, with cryptocurrency expertise and a passion for offering its players with the ultimate fun, fast and fair gaming experience.
Official Regional Partner of LALIGA, Official Betting Partner of English football team, Hull City and a Club Partner of Premier League team Newcastle United, Sportsbet.io provides an expansive range of betting action across all major sports and eSports, offering players more than 1M pre-match events per year and comprehensive in-play content.
As the first crypto sportsbook to introduce a cash out function, Sportsbet.io is recognised as a leader in both online sports betting and within the crypto community.
In December 2023, a lucky Sportsbet.io won the biggest ever online slots jackpot while playing on the site, turning a $50 spin into a prize of more than $42 million.
Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of less than 90 seconds, among the fastest in the industry.
For more information about Sportsbet.io, please visit https://sportsbet.io.
US President Donald Trump has granted a full pardon to Ross Ulbricht, who has been imprisoned for 12 years for founding the now-defunct darknet marketplace, Silk Road.
“I just called the mother of Ross William Ulbricht to let her know that in honor of her and the Libertarian Movement, which supported me so strongly, it was my pleasure to have just signed a full and unconditional pardon of her son, Ross,” Trump announced on Jan. 21 via his Truth Social platform.
The president described Ulbricht’s sentence of 40 years plus two life terms as “ridiculous.”
Ulbricht was arrested in 2013 and, in 2015, was sentenced to life in prison without the possibility of parole for his role in the creation and operation of Silk Road.
Trump had promised during his presidential campaign to pardon Ulbricht on his first day in office, a pledge that resonated with the crypto community.
However, some Bitcoin supporters were frustrated when Trump did not follow through on Jan. 20 and instead pardoned around 1,500 individuals involved in the Jan. 6, 2021, Capitol attack.
Hours before the pardon was announced, U.S. Senator Rand Paul urged Trump to free Ulbricht in a Jan. 21 letter.
Paul highlighted that Ulbricht’s punishment was far harsher than that of others, such as Matthew Verran Jones, a top 5% Silk Road drug dealer who received just six years in prison.
The crypto community has long advocated for Ulbricht’s release.
Some questioned whether Ulbricht’s involvement justified his life sentence, while others praised him as a “Bitcoin legend” for his early contribution to Bitcoin’s adoption.
Ulbricht has consistently denied being the sole person responsible for Silk Road.
In a 2013 Forbes interview, he stated, “I didn’t start the Silk Road, my predecessor did.”
Silk Road, launched in 2011, played a key role in Bitcoin’s rise, marking one of the earliest platforms to use BTC for transactions.
Pepe Loves Bezos could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Loves Bezos (PEPEBEZO), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days.
This is because PEPEBEZO is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Loves Bezos can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Loves Bezos could become the next viral memecoin.
Pepe Loves Bezos launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Pepe Loves Bezos on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Loves Bezos by entering its contract address – 5fminHHGkusginuqs4jjR2qivagMWWBStM2Hs21HVLcm – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEBEZO.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe Loves Bezos could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Loves Bezos (PEPEBEZO), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days.
This is because PEPEBEZO is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Loves Bezos can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Loves Bezos could become the next viral memecoin.
Pepe Loves Bezos launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Pepe Loves Bezos on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Loves Bezos by entering its contract address – 5fminHHGkusginuqs4jjR2qivagMWWBStM2Hs21HVLcm – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEBEZO.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.