Today’s Crypto News Recap
In a fiery statement, Montana Congressman Troy Downing took aim at former SEC Chair Gary Gensler, criticizing his lack of regulatory clarity and aggressive stance against digital assets. Downing argued that Gensler’s approach stifled U.S. fintech innovation and indirectly fueled the rise of meme coins.
Under the new SEC leadership appointed by President Trump, there has been a noticeable shift in tone. Several crypto-related lawsuits have been dropped as lawmakers now push for clear, congressionally-backed regulation. This move is widely seen as an attempt to bring stability and direction to the digital asset space.
Meanwhile, Thailand is cracking down on crypto crime, unveiling new regulations targeting foreign P2P platforms. A new blacklist system is in the works to block flagged crypto wallets from making transactions. Authorities also plan to go after social media platforms that facilitate crypto-related cybercrime. Digital asset firms operating in Thailand will be required to implement bank-level security and offer faster fraud remediation solutions.
Earlier today, tensions flared as China slapped 84% tariffs on U.S. goods, sending Bitcoin tumbling to $76K. However, later in the day, Trump announced a 90-day pause on all tariffs except for China, where tariffs were hiked to 125%. The announcement gave the stock market and crypto markets a strong boost, with Bitcoin rebounding to $83K at the time of writing.
In other news, a group of former Kraken executives acquired real estate platform Janover, revealing plans to stockpile Solana as a core strategic asset. Following this announcement and a $42 million funding round, Janover’s stock skyrocketed over 800%. Many speculate this could be a sign of Wall Street quietly backing Solana.
On the meme coin front, over 60% of Trump-themed meme coins are now considered dead, with most plunging over 90% from their all-time highs. The official Trump Token, which peaked shortly after the inauguration, has also dropped 90% in value.
That wraps up today’s major headlines. As always, please remember: this is not financial advice—just the news. Always do your own research before making any investment decisions!
Thank you for reading,
Crypto King
Crypto Coinz Hub
