Harga FreeRossDAOFREE

Now tracking @MagnifyCash on @worldcoin Chain Magnify Cash is a micro-lending platform that uses WorldID verification and gas-free transactions to facilitate global loan accessibility

This is the real signal to understand what’s happening… Selling their winners to free up capital so they can allocate further out on the risk curve. Exactly what you would expect at the last stage of the cycle Smart money knows rate cuts are coming!

Randy Guynn, a prominent U.S. banking attorney, has called for stablecoins to be subject to bank-level regulations. Speaking before the U.S. House Financial Services Committee, Guynn argued that stablecoins should offer the same level of safety as insured bank deposits and central bank money. Guynn emphasized that any stablecoin regulation should require issuers to maintain liquidity reserves and capital buffers comparable to those of banks. “If a payment stablecoin issuer has a properly calibrated reserve of liquid assets, capital buffer, and no material amount of other liabilities, payment stablecoins should be as safe as insured bank deposits and central bank money,” Guynn contended. Guynn, chairman of the Financial Institutions Group at Davis Polk & Wardwell LLP, stated that stablecoins are essentially digital private money and should be regulated accordingly. He cited historical parallels, noting that private money innovations have long played a role in financial systems. However, he warned that without robust oversight, stablecoins could pose financial stability risks similar to those seen in past banking crises. “People have been free during most of human history to innovate in the creation of private money without government interference, including any requirement to obtain government permission to do so,” Guynn wrote. The hearing comes amid ongoing discussions on the Stablecoin Regulation Act, a bill that aims to set clear rules for issuers. Guynn, who previously contributed to the design of Meta’s Diem stablecoin project, argued that properly regulated stablecoins could enhance payment efficiency while reducing risks. His testimony adds to the broader debate over whether stablecoins should be regulated as banks, money market funds, or an entirely new financial category.

Got to know about the GoPlus Security drama—the market maker allegedly manipulating a token’s price after listing it on CEX, dumping large amounts for profit without buying back. The CEX found out, shut it down, and confiscated the profits to compensate users. Great job done there. Such cases are disappointing to see, but unfortunately, not unheard of. 😞 I’ve even seen projects offer free tokens to listing teams—at Bitget, this is a HARD red line. 🚫 Such projects are immediately rejected. Integrity is the cornerstone of a healthy and sustainable crypto market. Without it, we risk building a market based on manipulation, quick wins, and short-term gains, ultimately damaging the industry’s long-term prospects. We should be building a space where fairness, transparency, and growth can thrive. #Web3 #CRYPTO #values

We all remember where we were when president Donald Trump stood in front of a large crowd and promised to create a “crypto army” to defeat former president Joe Biden in the presidential race of 2024. It was the start of a revolution. I could not believe my ears. But then Trump took it a step further by promising to free Ross Ulbricht, the founder of Silk Road and the crypto community’s favorite hero, after his mother pleaded with him at a campaign. It was surreal, but he didn’t stop. Trump kept talking about us, about Bitcoin, and promising to free the industry from the shackles that Biden and specifically former SEC chair Gary Gensler had it in. Donald Trump with Tyler and Cameron Winklevoss. Source: Tyler Winklevoss. It felt glorious, and the crypto elites all rallied around him almost instantly, because finally, here was a guy running for the most powerful job on the planet, saying with his own mouth, that he’ll stand by crypto enthusiasts. It’s never happened before, so of course we all fell for him, including myself. When he got shot at during that fateful campaign rally in Butler, Pennsylvania, the crypto community was beside itself with horror. Here was our hero, missing death by just a few inches. If they had gotten him, it would have been over for us. But they didn’t, and after he got back on his feet, Trump promised to fire Gary on “Day 1,” he also promised to mine all of the remaining Bitcoins in the world in America, while on a mission to make it the “crypto capital of the planet.” President Trump with David Sacks and Bo Hines, signing the executive order for a Bitcoin strategic reserve in the Oval. Source: David Sacks Twitter/X. Gemini’s Winklevoss twins, Ripple executives, Cardano’s Charles Hoskinson, Strategy’s Michael Saylor, Coinbase’s Brian Armstrong, and many others in the industry donated to his campaign. And after an outstanding run, beating both Biden and his supposed successor Kamala Harris, Trump won the election. He became president again, making history as both the first person to ever do that and also the first person to call himself “crypto president,” a title we’d seemingly reserved for El Salvador’s president Nayib Bukele. But seeing as Nayib is a huge fan of Trump himself, we don’t think he cares very much about that at all. January, the first disappointment Precisely two days before Mr. Trump’s inauguration, he decided to launch a meme coin, calling it $TRUMP. Then less than 48 hours later, his wife Melania also launched hers, $MELANIA. Both turned out to be sloppy rug pulls, and investors lost billions, while Trump and his backers allegedly made $350 million cumulatively. Trump had promised us a national Bitcoin reserve during the campaign, inspired by the ever-iconic Senator Cynthia Lummis, but the executive order for that didn’t come until January 23rd, and he called it a “Digital Asset Stockpile.” It didn’t mention Bitcoin at all, just stablecoins because apparently, they are the key to keeping the Almighty dollar on top. He then said he was gonna ban CBDCs too. Of course the industry found all that weird and while we were all scrambling to understand exactly what our hero is doing, we failed to see that he actually has absolutely no idea what he’s doing himself. Trump’s exact words were: “We’re promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide.” There was a ton of backlash, but then he’d free Ross, so the community decided to wait on him a bit, give him the benefit of the doubt. And boy, it is a little embarrassing to see how wrong we were. February, the second disappointment The elites clearly applied some financial pressure on Mr. Donald Trump, because out of nowhere whilst in the middle of unnecessary trade wars with three different countries, the president finally announced that he was launching a crypto strategic reserve. But get this, his first announcement only mentioned SOL, ADA, and XRP, which was a little weird. Though after being called out, he threw us a bone by going like, “Oops, yes, Bitcoin too, and Ether. I love them!” That was March 6th. On March 7th, he hosted the first-ever White House crypto summit, with attendees like Brian, Brad Garlinghouse, Crypto Czar David Sacks, Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, Michael Saylor, and Tyler and Cameron Winklevoss. (From the left) Howard Lutnick, Scott Bessent, Donald Trump, David Sacks, Bo Hines, Brian Armstrong, and Michael Saylor at the crypto summit. Source: White House X/Twitter But even that was nothing but pure disappointment. The Bitcoin reserve’s executive order had said that the US wouldn’t be buying any more Bitcoin but would instead use the ones it already got, through forceful seizures over the years. At the summit, Trump said America wouldn’t sell any of its Bitcoin, then followed up with a reality-inducing comment: “From this day on, America will follow the rule that every Bitcoin [holder] knows very well. Never sell your Bitcoin. And that’s a little phrase that they have. I don’t know if that’s right or not. Who the hell knows, right?” he said. Take a look at Bitcoin maxi Saylor’s reaction to that in the picture below. It’s the same as this author’s: While Trump was signing the executive order in the Oval with David Sacks, David was explaining to him that this order will be fulfilling the promises he made to make America the crypto leader and free crypto users, Trump said: “I said that? And this is something you believe in, right?” The truth of the matter is Trump never had any real plan for crypto, he doesn’t understand anything about it, or how it even works. And he could care less about our beliefs. He’s actually more of a crypto hostage than hero at this point. He’s not quite sure what to do with us, but since our elites have spent hundreds of millions of dollars and sees more coming via alleged insider trades, he has no choice but to humor us every once in a while, kind of like he’s doing with Elon Musk, but hey, that’s a different story for a different article. Trump is not the hero crypto wanted, but he’s the one we got, and we’re stuck to him now.