The Daily Unchained Web #196
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US Lawmaker Warns TRUMP Coin Could Threaten National Security
California Representative Maxine Waters criticized President Donald Trump’s launch of the TRUMP memecoin, warning it poses risks of corruption and national security concerns. Waters alleged the coin could enable anonymous transfers from sanctioned entities to Trump, bypassing legal safeguards. While Republicans focus on regulatory clarity for digital assets, Waters expressed concerns over potential conflicts of interest and the memecoin's rapid value increase, reaching a $14 billion market cap. For more, click here.
Why Pierre Poilievre may not be Canada’s crypto savior
Canadian Conservative leader Pierre Poilievre has garnered support from the crypto community for his past pro-Bitcoin statements. However, experts believe he may avoid crypto as a major campaign topic in the upcoming election due to the risks associated with scandals like FTX and Celsius. While Poilievre’s past rhetoric resonated with crypto enthusiasts, analysts argue that broader issues like housing and inflation dominate Canadian politics, leaving crypto on the sidelines for now. For more, click here.
Does Ross Ulbricht’s pardon change the narrative of Bitcoin as a crime tool?
President Donald Trump’s pardon of Silk Road founder Ross Ulbricht marks a significant moment for the crypto community, reigniting debates over Bitcoin’s association with crime. While some hail Ulbricht as a symbol of freedom and view the pardon as a step toward crypto-friendly legislation, others doubt it will change Bitcoin’s public perception. The move reflects Trump’s apparent commitment to the crypto space but raises questions about his broader intentions for the industry. For more, click here.
Incubator ecosystem goes ‘multichain’ with latest blockchain integrations
Decubate, a blockchain incubator, has expanded its ecosystem by integrating with Base blockchain, enabling multichain functionality alongside BNB Chain. The platform supports fundraising, token management, and compliance, aligning with MiCA regulations. Decubate’s upcoming no-code Token Management System will streamline tokenomics for projects at any stage. With over $250 million in total value locked, Decubate aims to simplify Web3 development and boost accessibility for blockchain innovators. For more, click here.
US court overturns Tornado Cash sanctions in pivotal case for crypto
A US court has overturned the 2022 sanctions against Tornado Cash, marking a win for privacy-focused blockchain technologies. The ruling found that Tornado Cash’s smart contracts are not "property" under federal law, challenging the Treasury’s earlier accusations of facilitating money laundering. While the decision supports innovation-friendly policies, Tornado Cash developer Alexey Pertsev remains in custody on related charges. The case underscores the complex balance between privacy and compliance in crypto. For more, click here.
Ethereum ETF issuers expect staking to be greenlit soon: Joe Lubin
Joe Lubin, Consensys founder, revealed that Ethereum ETF issuers expect staked Ether ETFs to receive regulatory approval soon. This follows last year’s launch of spot Ether ETFs, which have attracted $2.7 billion in inflows. SEC Commissioner Hester Peirce’s leadership of a new crypto task force signals a pro-crypto shift, potentially accelerating ETF approvals. Experts believe this move will enhance Ethereum’s ecosystem and attract greater client diversity. For more, click here.
BoA CEO says banks eager to enter crypto if regulators allow
Bank of America CEO Brian Moynihan expressed interest in adopting cryptocurrency payments, contingent on clearer regulations. Speaking at Davos, Moynihan highlighted the potential for crypto to integrate alongside traditional payment systems. Despite holding numerous blockchain patents, US banks await pro-crypto policies under President Trump’s administration, which is expected to drive regulatory clarity. A coordinated framework could unlock crypto’s transactional potential in the financial sector. For more, click here.
Vitalik Buterin Announces Ethereum Foundation Leadership Changes
Ethereum co-founder Vitalik Buterin has unveiled leadership reforms at the Ethereum Foundation to improve technical expertise and ecosystem communication. The changes aim to emphasize decentralization, privacy, and censorship resistance while avoiding political lobbying. The foundation faced criticism in 2024 for conflicts of interest and declining revenue amid a proliferation of layer-2 networks. Buterin’s leadership overhaul seeks to address these issues and strengthen Ethereum’s long-term vision. For more, click here.
What Is 'Trump's Empire'? The Presidential Telegram Crypto Game and Airdrop Details
"Trump’s Empire," a Telegram-based game, combines business-building gameplay with the promise of an upcoming crypto token airdrop on The Open Network (TON). Players grow virtual empires by earning passive income, managing businesses, and strategizing investments. While it’s gaining popularity, questions remain about its use of Trump’s likeness without licensing and the fairness of airdrop allocations. The game has already attracted millions of players, hoping to cash in on its rewards. For more, click here.
Crypto Sleuth ZachXBT Cashes Out $4M from Memecoin Frenzy
Crypto investigator ZachXBT unexpectedly became a millionaire when an anonymous developer launched a memecoin in his honor, rapidly reaching an $88 million market cap. ZachXBT received half the token supply and cashed out $3.8 million, causing the token's value to plummet. While some praised him for finally monetizing his contributions to the crypto community, others criticized the move as hypocritical. This incident highlights ongoing tensions over value and integrity in crypto culture. For more, click here.
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