Author: Cointelegraph By Martin Young

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Pump.fun hit with suit claming all memecoins are securities

A proposed class-action suit alleged all crypto tokens on Pump.fun are “unregistered security memecoins” that earned the platform nearly $500 million. Source link

Bitwise’s Bitcoin and Ethereum ETF clears first SEC hurdle

The US securities regulator has given the initial nod to Bitwise’s ETF tracking Bitcoin and Ether, weighted according to their relative market capitalizations. Source link

El Salvador rushes in new Bitcoin law to comply with IMF deal: Report

The legislation reportedly rolls back a previous mandate that businesses accept Bitcoin for payments. Source link

Utah House committee passes bill for state to buy crypto

The bill now needs to pass a majority vote in Utah’s House and Senate before being approved by state governor Spencer Cox, who appears to be pro-crypto. Source link

Senate confirms pro-crypto Scott Bessent as US Treasury Secretary

As US Treasury secretary, billionaire hedge fund manager Scott Bessent will have sway over fiscal policy, financial regulations, international sanctions and overseas investments. Source link

Brazil bans Worldcoin from giving crypto for eye scans

World Network, the iris-scanning digital ID project formerly known as Worldcoin, can no longer offer crypto incentives to Brazilians. Source link

Elizabeth Warren joins call for probe of Trump over crypto tokens

Senator Elizabeth Warren said Donald Trump’s memecoin could raise “the specter of uninhibited and untraceable foreign influence over the US president.” Source link

SEC’s crypto actions dropped by 30% in Gensler’s final year

Cornerstone Research says the US Securities and Exchange Commission launched 33 crypto-related lawsuits last year, down from 47 in 2023. Source link

Crypto observers still hopeful on Trump despite silence on first day

Crypto industry executives and investors are confident about the road ahead for digital assets despite Donald Trump’s silence on crypto in his first day actions. Source link

Ramaswamy exits DOGE for Ohio governor bid, leaving Musk as sole head

Vivek Ramaswamy said on X he was leaving the Department of Government Efficiency and was “confident that Elon and the team will succeed in streamlining government.” Source link