While Justin Sun and other crypto names attend the president's crypto feast that Democrats labeled corrupt, one lawmaker is targeting Trump with a new bill.

Memecoins have been a part of the cryptoasset ecosystem virtually ever since the asset class achieved mass market awareness and appeal during 2017-2018. While most memecoin projects have been revealed,

U.S. banking giants, including JPMorgan and Bank of America, are exploring a unified stablecoin, signaling a shift toward regulated digital assets. The move could disrupt political tokens like the $TRUMP memecoin and reshape the U.

In 2023, the US Securities and Exchange Commission (SEC) filed a case against Sun, accusing him of selling unregistered securities through his companies—the Tron Foundation, BitTorrent Foundation, and Rainberry Inc.—and of hiring celebrities to promote his tokens without disclosures.

More companies are announcing plans to buy cryptocurrencies to help lift their share prices.

Donald Trump is under scrutiny for using the presidential seal at a private dinner for $TRUMP memecoin investors, potentially violating federal law. The event, held at Trump National Golf Club, raises concerns about ethical conflicts and possible foreign influence.

Moo Deng, which is based on a baby pygmy hippo, has risen to a $230 million market cap this month after the meme went viral online in 2024. The token skyrocketed over 836% in May and jumped another 21% over the past 24 hours.