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Cryptocurrency News Video

Why the Crypto World Isn't Thrilled About Trump's Meme Coin |Bytes: Week in Review |Marketplace Tech

Jan 24, 2025 at 11:00 am Marketplace APM

💸 Earlier this week, President Donald Trump announced the 'Stargate Project,' which involves a $500 billion investment from SoftBank’s Masayoshi Son into U.S. AI data centers. Other key players for this are Oracle’s Larry Ellison and OpenAI’s Sam Altman. 🪙 Many crypto industry insiders were hopeful that Trump’s victory would bring validity to the blockchain sector. But with the president launching his own meme coin, and Melania Trump’s meme coin, those in the industry fear it’s doing the opposite. 🏛️ While many in Congress pushed hard to pass the TikTok ban-or-sale law, some Republican lawmakers are at odds now with Trump’s attempt to reverse it. How could this tug of war create a legislative division going forward? Like and subscribe to keep up with the latest tech news every week!
Video source:Youtube

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