CoinQue Chronicles
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Bitwise CIO Matt Hougan predicts a surge in corporate Bitcoin purchases, calling it an 'overlooked megatrend' that could reshape the crypto market. Meanwhile, a US law firm is targeting legal action against Solana's memecoin launchpad, Pump.fun, as tensions rise within the ecosystem. On another front, Apple and Google have removed Huione Group's crypto apps, following accusations of being linked to a $24 billion illicit marketplace operation. With all these developments, the crypto space is poised for significant shifts—what can we expect after January 20? Keep reading for the full scoop!
Republican commissioners at the US Securities and Exchange Commission (SEC) are set to revise the agency’s crypto policies as President-elect Donald Trump prepares to enter the White House next week. Commissioners Hester Peirce and Mark Uyeda – who will hold the majority among the SEC’s politically appointed commissioners – are expected to make changes to clarifying crypto as early as next week.?
Matt Hougan thinks the burgeoning trend of corporate Bitcoin (BTC) purchases is only beginning. In a new analysis, the chief investment officer of the crypto asset management firm Bitwise predicts that hundreds of companies will add BTC to their corporate treasuries in the next 12–18 months, which he thinks will cause the Bitcoin market to surge.
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Apple and Google have removed apps developed by Huione Group from their marketplaces in response to fraud allegations. Huione Group is believed to be behind Huione Guarantee, a Telegram-based marketplace with about $24 billion in money laundering and other fraudulent activities.
A US-based crypto law firm has announced plans to initiate legal action on behalf of investors who incurred losses due to the Solana memecoin launchpad, Pump.fun. According to Burwick Law, the firm has been working alongside people who have lost significant amounts of money to memecoins, rugs, and unfulfilled promises. The company urged those investors who had incurred losses on any Pump.fun memecoins to come forward, as they may be eligible for compensation.
Donald Trump promised to include Bitcoin in the US Strategic Reserves. He also promised fairer regulations and an end to the SEC's crusade against crypto. The Department of Government Efficiency could also make a considerable difference. Newer promises include tax cuts, fewer regulations, raising minimum wages, and boosting incomes.
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