A big controversy has now broken out over WNBA games — people are throwing sex toys on the court.
By any normal stretch of human behavior, this is a bad thing to do. You should not go to games and throw sex toys on the court. It&#8217;s obscene. It&#8217;s ridiculous. And no matter how much you dislike the WNBA, you probably shouldn&#8217;t go there and throw a giant sex toy on the court, right? As a respectable human being, you probably shouldn&#8217;t do it.
Is it funny? Sure. A lot of things are funny. A lot of violative and transgressive behavior is funny.
But that doesn&#8217;t mean it&#8217;s good.
The internet culture and subculture have become so reactionary, so reactive, and so disagreeable that this pattern is now driving economic decision-making. An article in The New York Times titled, “<a href="https://www.nytimes.com/athletic/6541093/2025/08/07/wnba-sex-toy-incidents-cryptocurrency-group-scheme/">WNBA sex toy incidents may be linked to cryptocurrency groups’ money scheme</a>” reads like a fever dream: 
<blockquote>Late in the first half of a Los Angeles Sparks-Indiana Fever game on Tuesday night, a neon green sex toy thrown from the stands landed on the floor of Crypto.com Arena, at the feet of Indiana guard Sophie Cunningham. Simultaneously, a group of people during an audio livestream on X reveled in the moment and celebrated its potential to help boost the value of a particular memecoin, a cryptocurrency deriving from an internet meme but traded through very real markets online. The coin was created July 28, the day before the first occurrence of a sex toy being thrown on a WNBA court. As of Thursday, the coin’s worth had nearly tripled in its first week.
“Someone is tweeting that there’s one at the Sparks game,” one person said on the stream. “That is literally the best case scenario that we could possibly imagine,” another replied, because the sex toy had fallen near Cunningham, who had previously posted a plea for spectators not to throw the objects onto the court, which was met with numerous replies of memes involving the phallic object.
The disruption in Los Angeles — as well as others that occurred that evening — appeared to be part of a coordinated effort, borne out of conversations held in some particularly murky, often mysterious corners of internet culture, social media and opportunistic plays in the cryptocurrency markets.</blockquote>
In the normal world, all of this would be treated as sociopathic behavior, going to games and throwing sex toys on the court.
Regardless of how much you dislike the sport, it would be considered, at the very least, bizarre and at the worst, vile.
It could be funny, and a lot of vile behavior is funny, but it is significant; a country with a robust social fabric does not have this kind of behavior, or at least it has less of this kind of behavior. That’s because you wouldn&#8217;t do this in your community, would you?
<h3><a href="https://www.dailywire.com/episode/bss-ep-2257-member-exclusive?elementPosition=0&amp;row=0&amp;rowHeadline=The+Ben+Shapiro+Show&amp;rowType=Horizontal+Show+Episodes+Carousel">WATCH: The Ben Shapiro Show</a></h3>
I know I&#8217;m treating seriously what is a frivolous topic, but I think we are now entering an era with the merger of the internet and the real world, a time where there are no more frivolous topics. Every frivolous topic becomes a symptom indicative of true social ills that are dividing us from one another.
You can&#8217;t get together and say, “Yeah, we probably shouldn&#8217;t do that,” or “A Sydney Sweeney jeans ad? Who cares? That’s fine.”
What happened to normalcy? As normalcy disintegrates and as people take one side or the other on ridiculous meme sociopathy, what you end up with is a very, very polarized electorate.
And that&#8217;s particularly true as young people age into the voting population. You&#8217;re seeing it in terms of sexual polarization between men and women; women are swinging wildly to the Left. Men are moving significantly more to the Right. And in terms of political polarization, it&#8217;s more about aesthetic feel than it is even about policy for a lot of these folks.
Is it a problem?
It does say something about the continuing social polarization of our country. We are addicted to our phones, our memes, and to the LOLs, as opposed to the things that actually build a society — like spending time with other human beings in a physical setting with a common goal of making our society and country better.

Las Vegas Aces v Los Angeles Sparks

Sex Toys, Memecoins, And The Collapse Of Common Sense

Ben Shapiro

Cryptocurrency

Culture

Humor

Opinion

U.S. Politics

WNBA

A conservative policy powerhouse is calling for changes to financial rules that allow the government to pressure banks into cutting ties with groups they find ideologically objectionable.
The America First Policy Institute&#8217;s Center For American Prosperity on Wednesday <a href="https://www.americafirstpolicy.com/issues/debanked-when-political-bias-trumps-financial-judgment">released</a> &#8220;Debanked: When Political Bias Trumps Financial Judgment.&#8221; The white paper outlines five proposals that the authors say would stop government regulators from weaponizing their influence over banks to further their political agendas.
Debanking &#8220;creates a de facto blacklist of people and organizations that have lost access to banking services and have significant difficulty regaining access to banking,&#8221; Jill Homan, Deputy Director of Trade and Economic Policy, and David Vasquez, Senior Policy Analyst for Energy &amp; Environment at AFPI, write in the report.
&#8220;Debanking creates uncertainty and hardship. In a nation governed by laws, the practice of legal coercion through regulatory discretion is antithetical to the American system of justice,&#8221; the authors add.
&#8220;Ultimately, debanking is not just an economic problem, but a constitutional one. When federal officials use unofficial “guidance” to achieve what Congress never authorized, they violate both the spirit and letter of the law. The solution is to excise power from the regulators, and that begins with narrowing their discretion.&#8221;
President Donald Trump made a similar point earlier this year.
“The regulators control the banks,&#8221; Trump said in June. &#8220;It’s not the president of the bank. The president of the bank is far less important to a bank than a regulator, and a regulator can put that bank out of business.”
Debanking reached a fever pitch in 2013, when the Obama Justice Department launched “Operation Choke Point.&#8221; Under the operation, the Justice Department targeted “companies believed to be at a high risk for fraud and money laundering.&#8221; In reality, Choke Point involved government officials pressuring banks to cut ties with firearms dealers and other businesses the Obama administration deemed intolerable. The Biden administration continued its debanking efforts with <a href="https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409457">Operation Choke Point 2.0</a>, an effort to target the cryptocurrency industry.
In addition to the firearms and crypto industries, religious groups and conservative organizations have also been frequent targets of government-run debanking.
The authors suggest a number of policy tweaks that could prevent future debanking efforts. They urge Congress to pass the Financial Integrity and Regulation Management Act, which would “remove the subjective criteria of &#8216;reputational risk&#8217; which bank regulators use to evaluate a financial institution. … Instead, financial regulators would rely entirely on objective criteria to assess financial soundness.”
The law would also restrict the Federal Deposit Insurance Corporation from judging a financial institution’s trustworthiness on the “competency of bank management,” which is evaluated based on the risk regulators believe the institution is exposed to, based on the businesses it serves.
The authors also call for a uniform “Federal Fair Access” standard that would “end the need for states to develop separate debanking legislation that further complicates banking operations with a patchwork of inconsistent and conflicting state laws.”
A requirement to notify customers and explain the reasoning ahead of a decision by a financial institution to end its relationship with someone would increase transparency. Modernizing old regulations would also mitigate problems brought about by using a 1970s legal framework in the present-day financial environment.
&#8220;Whether the result of politically driven regulators abusing their authority or bad policies, this administration and Congress have an opportunity to dramatically curb the practice of government-driven debanking across the country through federal action,&#8221; the authors conclude. &#8220;Doing so involves reducing subjectivity and instituting these changes into law.&#8221;

Federal Deposit Insurance Corporation

Conservative Group Calls For Lawmakers To Fight Government-Driven ‘Debanking’

Debanking Is A Serious Problem For Conservatives. Here Are Some Expert Suggestions To Fix It

America First

Banking

Censorship

finance

Guns

Obama Administration

The GOP-led House passed a trio of bills on Thursday that are poised to have a tremendous impact on the cryptocurrency space in the United States.
Members voted <a href="https://clerk.house.gov/Votes/2025200" target="_blank" rel="noopener">308-122</a> in favor of the <a href="https://www.congress.gov/bill/119th-congress/senate-bill/1582/text" target="_blank" rel="noopener">GENIUS Act</a>, a stablecoin regulation bill that already passed through the Senate. The legislation now heads to the White House, where President Donald Trump is expected to sign it. House lawmakers also approved the <a href="https://www.congress.gov/bill/119th-congress/house-bill/3633/text" target="_blank" rel="noopener">Digital Asset Market Clarity Act of 2025</a>, legislation from Financial Services Chairman French Hill (R-AR) that aims to provide a &#8220;system of regulation&#8221; for digital commodity sales by the Securities and Exchange Commission and Commodity Futures Trading Commission, by a <a href="https://clerk.house.gov/Votes/2025199" target="_blank" rel="noopener">294-134</a> vote.
&#8220;The Web 3 race is here, implementing clear regulations with CLARITY and GENIUS will protect consumers and ensure U.S. leadership in digital assets,&#8221; Rep. Bryan Steil (R-WI), chairman of the Crypto Subcommittee, <a href="https://x.com/RepBryanSteil/status/1945903351083716903" target="_blank" rel="noopener">said</a> on X.
In addition, the <a href="https://www.congress.gov/bill/118th-congress/house-bill/5403/text" target="_blank" rel="noopener">Anti-CBDC Surveillance State Act</a>, a measure that seeks to prohibit the Federal reserve banks from issuing their own digital currency or using one to implement monetary policy, prevailed in a <a href="https://clerk.house.gov/Votes/2025201" target="_blank" rel="noopener">219-210</a> vote. That bill is set to be included in the National Defense Authorization Act (<a href="https://www.congress.gov/bill/119th-congress/senate-bill/2296/text" target="_blank" rel="noopener">NDAA</a>) as part of a <a href="https://x.com/RepAndyHarrisMD/status/1945681755559924107" target="_blank" rel="noopener">deal</a> with conservatives who held out during a procedural rule vote that <a href="https://x.com/GOPMajorityWhip/status/1945677323040354398" target="_blank" rel="noopener">lasted</a> a record-breaking nine hours and 45 minutes.
&#8220;Attaching our Anti-CBDC Surveillance State Act to the NDAA will ensure unelected bureaucrats are NEVER allowed to trade Americans’ financial privacy for a CCP-style surveillance tool,&#8221; House Majority Whip Tom Emmer (R-MN) <a href="https://x.com/GOPMajorityWhip/status/1945677323040354398" target="_blank" rel="noopener">said</a> in a post on X. &#8220;[Trump] has made it clear: our legislation is a key piece of our America First agenda, and we will deliver.&#8221;
Many, but not all, Democrats voted against the bills. In fact, nearly half of them voted for the Genius Act. Those who opposed the proposals warned they would benefit a Trump family crypto venture and possibly cause a financial calamity.
The &#8220;GOP crypto bills don’t just fail to protect consumers, they greenlight Trump’s billion-dollar crypto grift and invite the next financial crisis,&#8221; read a <a href="https://x.com/RepMaxineWaters/status/1945151846433140920" target="_blank" rel="noopener">post</a> on X from Rep. Maxine Waters (D-CA), the ranking member of the Financial Services Committee.
A handful of House Republicans voted against the GENIUS Act, too, amid concerns about it allowing a <a href="https://x.com/RepMTG/status/1945880979949891750" target="_blank" rel="noopener">&#8220;back door&#8221;</a> to a central bank digital currency one day that could infringe upon financial privacy — if the Senate ends up not approving the Anti-CBDC Surveillance State Act.
For now, Trump has an <a href="https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/" target="_blank" rel="noopener">executive order</a> that calls for policies that prevent a CBDC in the United States.
A bipartisan group of senators united in a <a href="https://www.dailywire.com/news/senate-vote-pushes-u-s-toward-becoming-the-global-leader-in-crypto?author=Daniel+Chaitin&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=Senate+Vote+Pushes+U.S.+Toward+Becoming+%E2%80%98The+Global+Leader+In+Crypto%E2%80%99" target="_blank" rel="noopener">68-30 vote</a> in June to pass the GENIUS Act. It seeks to create a framework for <a href="https://www.dailywire.com/news/white-house-gop-leaders-pledge-major-crypto-bills-in-first-100-days" target="_blank" rel="noopener">stablecoins</a>, which are significant in digital asset exchanges and pegged to stable assets such as the U.S. dollar.
“The GENIUS Act will cement U.S. dollar dominance, protect customers, drive demand for U.S. Treasuries, &amp; ensure that digital asset innovation happens in the U.S., not overseas,” Sen. Bill Hagerty (R-TN), the bill&#8217;s sponsor, <a href="https://x.com/SenatorHagerty/status/1935074302396649918" target="_blank" rel="noopener">said</a> in a post on X. &#8220;With this bill, we are one step closer to becoming the global leader in crypto.&#8221;
White House Press Secretary Karoline Leavitt announced that a signing ceremony for the GENIUS Act was being planned for Friday afternoon.
“This piece of legislation is going to make America the crypto capital of the world, and that&#8217;s what the president promised,&#8221; Leavitt <a href="https://www.youtube.com/watch?v=oxH7sgAzPvM" target="_blank" rel="noopener">said</a>.

Bitcoin

House Sends GENIUS Act To Trump, Passes Two Other Crypto Bills

Congress

Money

Technology

U.S.

U.S. House of Representatives

The GOP-led Senate passed on Tuesday a stablecoin regulation bill that supporters argued will help the United States become the &#8220;global leader&#8221; in cryptocurrency.
A bipartisan group of 68 senators voted in favor of the <a href="https://www.congress.gov/bill/119th-congress/senate-bill/1582/text" target="_blank" rel="noopener">GENIUS Act</a>, which prevailed after hitting a <a href="https://www.dailywire.com/news/crypto-bill-falters-in-senate-for-now" target="_blank" rel="noopener">speed bump</a> in May before going through <a href="https://www.congress.gov/amendment/119th-congress/senate-amendment/2307" target="_blank" rel="noopener">amendments</a>. Another 30 members banded together in opposing the legislation.
Spearheaded by Sen. Bill Hagerty (R-TN), the measure seeks to create a framework for <a href="https://www.dailywire.com/news/white-house-gop-leaders-pledge-major-crypto-bills-in-first-100-days" target="_blank" rel="noopener">stablecoins</a>, which are significant in digital asset exchanges and pegged to stable assets such as the U.S. dollar.
&#8220;The GENIUS Act will cement U.S. dollar dominance, protect customers, drive demand for U.S. Treasuries, &amp; ensure that digital asset innovation happens in the U.S., not overseas,&#8221; Hagerty said in a post on X. &#8220;With this bill, we are one step closer to becoming the global leader in crypto.&#8221;
Sen. Elizabeth Warren (D-MA) was one of the lawmakers who voted against the bill. Sharing a Wall Street Journal article on how Walmart and Amazon are exploring their own stablecoins, she warned on Monday the legislation needed changes.
&#8220;If Congress doesn’t fix the GENIUS Act, billionaires like Elon Musk and Jeff Bezos could launch stablecoins that track your purchases, exploit your data, and squeeze out competitors,&#8221; Warren <a href="https://x.com/SenWarren/status/1934686958875246824" target="_blank" rel="noopener">said</a> on X. &#8220;These billionaires will come begging for a taxpayer bailout when it inevitably blows up.&#8221;
Warren <a href="https://x.com/SenWarren/status/1934686958875246824" target="_blank" rel="noopener">added</a>: &#8220;The GENIUS Act has a major loophole allowing Big Tech companies and major retailers to issue their own private currencies structured as stablecoins. This bill shouldn&#8217;t pass without amendments preventing these risks.&#8221;
President Donald Trump&#8217;s administration has endorsed the bill, which now heads to the Republican-controlled House.
&#8220;Recent reporting projects that stablecoins could grow into a $3.7 trillion market by the end of the decade. That scenario becomes more likely with passage of the GENIUS Act,&#8221; Treasury Secretary Scott Bessent <a href="https://x.com/SecScottBessent/status/1935027160374210573" target="_blank" rel="noopener">said</a> on X.
&#8220;A thriving stablecoin ecosystem will drive demand from the private sector for US Treasuries, which back stablecoins. This newfound demand could lower government borrowing costs and help rein in the national debt. It could also onramp millions of new users—across the globe—to the dollar-based digital asset economy,&#8221; Bessent continued.
Insisting that it is a &#8220;win-win-win&#8221; for the private sector, the Treasury, and consumers, Bessent concluded: &#8220;These are the fruits of smart, pro-innovation legislation.&#8221;

Sen. Bill Hagerty (R-TN) speaks with U.S. Treasury Secretary Scott Bessent

Senate Vote Pushes U.S. Toward Becoming ‘The Global Leader In Crypto’

Bill Hagerty

Elizabeth Warren

Politics

Scott Bessent

U.S. Senate

On Thursday, a group of mostly Senate Democrats derailed a cryptocurrency regulation bill backed by the Trump administration, at least for the time being.
The <a href="https://www.congress.gov/bill/119th-congress/senate-bill/1582/text" target="_blank" rel="noopener">GENIUS Act</a> failed to advance in a 48-49 vote, with Sens. Rand Paul (R-KY) and Josh Hawley (R-MO) joining Democrats in opposing the legislation. It needed 60 votes to bypass the procedural hurdle.
Senate Majority Leader John Thune (R-SD) reportedly <a href="https://x.com/burgessev/status/1920546090811560314" target="_blank" rel="noopener">switched</a> his vote to &#8220;nay&#8221; in a move that allows future reconsideration.
The legislation seeks to create a framework for <a href="https://www.dailywire.com/news/white-house-gop-leaders-pledge-major-crypto-bills-in-first-100-days" target="_blank" rel="noopener">stablecoins</a>, which are significant in digital asset exchanges and pegged to stable assets such as the U.S. dollar.
Democrats, some of whom had previously supported the legislative push, relayed concerns about protections for consumers and President Donald Trump’s crypto ties. They also claimed Republicans rushed the vote without finalized text.
&#8220;Senate Republicans are trying to jam Democrats with a stablecoin bill that helps Trump rake in hundreds of millions of dollars — just as he tanks the economy and raises costs for everyone else,&#8221; Sen. Elizabeth Warren (D-MA) <a href="https://x.com/SenWarren/status/1920529423259881571" target="_blank" rel="noopener">said</a> on X. &#8220;Rolling over without fixing this bill would be a huge mistake.&#8221;
Before the vote, Thune delivered remarks in which he said senators were voting on a sixth version of the bill that had been drafted with the input from both Republicans and Democrats.
&#8220;And if senators would like the opportunity to make further modifications to the bill, I encourage them to vote for cloture,&#8221; Thune <a href="https://www.thune.senate.gov/public/index.cfm/press-releases?ID=7279B92C-4461-46C2-8E17-35EBFC1B1589" target="_blank" rel="noopener">said</a>. &#8220;Once we’re on the bill, we can discuss changes here on the floor. We’ve had an open process on this bill so far, so why stop now?&#8221;
Reporters noted on X that Paul had <a href="https://x.com/igorbobic/status/1920523794801668185" target="_blank" rel="noopener">said</a> he did not get enough information to &#8220;convince&#8221; him that the bill was a good idea while Hawley <a href="https://x.com/StefWKight/status/1920528428400275522" target="_blank" rel="noopener">emphasized</a> that he wanted to see the latest text of the legislation.
Treasury Secretary Scott Bessent <a href="https://x.com/SecScottBessent/status/1920551341531017606" target="_blank" rel="noopener">expressed</a> disappointment with the outcome of the procedural vote.
&#8220;For stablecoins and other digital assets to thrive globally, the world needs American leadership. The Senate missed an opportunity to provide that leadership today by failing to advance the GENIUS Act,&#8221; Bessent <a href="https://x.com/SecScottBessent/status/1920551341531017606" target="_blank" rel="noopener">said</a>, adding later: &#8220;Senators who voted to stonewall U.S. ingenuity today face a simple choice: Either step up and lead or watch digital asset innovation move offshore.&#8221;

Senator Elizabeth Warren

Crypto Bill Falters In Senate — For Now

On Friday, President Donald Trump will host a cryptocurrency summit, illuminating the reversal of fortune the cryptocurrency has witnessed from the days it was hounded by the Biden administration. David Sacks, Trump’s AI and crypto czar, will host the meeting.
“It’s really extraordinary and gratifying to go from being in exile to being in the room where it happens,” Faryar Shirzad, chief policy officer for Coinbase, <a href="https://www.washingtonpost.com/technology/2025/03/07/trump-crypto-summit-white-house/" target="_blank" rel="noopener">stated</a> before the meeting.
On Thursday, Trump issued an <a href="https://www.whitehouse.gov/presidential-actions/2025/03/establishment-of-the-strategic-bitcoin-reserveand-united-states-digital-asset-stockpile/" target="_blank" rel="noopener">executive order</a> creating a Strategic Bitcoin Reserve. He wrote, “Bitcoin is the original cryptocurrency.  The Bitcoin protocol permanently caps the total supply of bitcoin (BTC) at 21 million coins, and has never been hacked. &#8230; Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.  The United States Government currently holds a significant amount of BTC, but has not implemented a policy to maximize BTC’s strategic position as a unique store of value in the global financial system.  Just as it is in our country’s interest to thoughtfully manage national ownership and control of any other resource, our Nation must harness, not limit, the power of digital assets for our prosperity.”
“The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings,” David Sacks, Trump’s AI and crypto czar, <a href="https://x.com/davidsacks47/status/1897802280738734236">wrote</a> on X. “This means it will not cost taxpayers a dime. It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings. The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.” Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.”
On January 23, Trump issued an <a href="https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/">executive order</a> titled “Strengthening American Leadership in Digital Financial Technology” to “support the responsible growth and use of digital assets. The order stated that the “digital asset industry plays a crucial role in innovation and economic development in the United States,” adding that federal agencies were prohibited from “undertaking any action to establish, issue, or promote CBDCs (central bank digital currencies)” anywhere in the world.
The order revoked President Biden’s March 2022 Executive Order 14067, titled “Ensuring Responsible Development of Digital Assets,” and also directed the Secretary of the Treasury to “immediately revoke” the Biden Administration’s “Framework for International Engagement on Digital Assets,” issued on July 7, 2022.

Blockchain Virtual Digital Cryptocurrency

Trump Hosting Cryptocurrency Summit Today

Bitcoin surged past $93,000 over the weekend after President Trump announced plans to create a U.S. strategic crypto reserve that will include Bitcoin, Ether, and several other digital currencies.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” President Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114093526901586124">wrote</a> in a Truth Social post on Sunday. “I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”
The strategic reserve will <a href="https://www.cnbc.com/2025/03/03/crypto-market-today.html">involve</a> several digital currencies beyond Bitcoin, including Ether, XRP, Solana, and Cardano, according to CNBC.
The announcement triggered a significant rally in the cryptocurrency market, with Bitcoin climbing as high as $95,000, and the smaller coins seeing double-digit percentage increases.
This positive momentum comes after a period of consolidation in which Bitcoin had fallen below the key $90,000 level for the first time in three months, dropping as much as 25% from its January all-time high.
&#8220;The weekend news is exactly the type of catalyst investors have been looking for to feel reassured about follow through from the U.S. administration with respect to its crypto friendly policies,&#8221; Joel Kruger, market strategist at LMAX Group, told CNBC. &#8220;Now that we&#8217;ve already seen a healthy correction in February, this sets the stage for the start to the next leg higher for crypto assets.&#8221;
Investors will be watching for additional details at the first White House Crypto Summit, scheduled for this Friday. White House AI and crypto czar David Sacks indicated there would be &#8220;more to come&#8221; at the summit, suggesting further policy announcements that could impact the cryptocurrency market.
The move represents a dramatic shift in U.S. policy toward digital assets, positioning America as a leader in cryptocurrency adoption while many other nations have imposed restrictive regulations.
China, for instance, has banned cryptocurrency mining and trading, while the European Union has established strict regulatory frameworks that many in the industry view as stifling innovation.
Trump&#8217;s strategic reserve announcement signals a clear intent to establish U.S. dominance in the digital asset space, potentially giving America a competitive edge in future global financial systems. In other sectors, such as with gold, a strategic reserve serves as a hedge against inflation and currency devaluation while reducing reliance on traditional financial infrastructure.
While details remain limited, expectations are high that the White House Crypto Summit will provide clarity on the reserve&#8217;s implementation timeline, acquisition strategy, and governance structure. Industry players will be watching closely for potential regulatory reforms that might accompany the reserve announcement, particularly regarding cryptocurrency taxation and securities classification issues that have created uncertainty in the market.

Bitcoin Photo Illustrations

Trump’s Announcement Of First-Ever Crypto Strategic Reserve Sparks Rally

Economy

Trump Administration

White House AI and Crypto Czar David Sacks joined key Republican lawmakers in pledging to pass major <a href="https://www.dailywire.com/topic/cryptocurrency" target="_blank" rel="noopener">cryptocurrency bills</a> within President Donald Trump&#8217;s first 100 days while hinting at the possibility of a federal Bitcoin reserve.
At a press conference Tuesday, Senate Banking Committee Chairman Tim Scott (R-SC) said he <a href="https://decrypt.co/304397/crypto-markets-structure-stablecoin-bills-trump-100-days" target="_blank" rel="noopener">expects</a> both major stablecoin and markets structure bills to pass by the end of President Donald Trump&#8217;s first 100 days, putting the deadline less than three months away, according to a report by Decrypt.
Republican chairs of the House Financial Services Committee, Senate Banking Committee, House Agriculture Committee, and Senate Agriculture Committee unveiled plans for a bicameral working group to coordinate with Sacks.
One of the many crypto bills on the docket, according to the lawmakers, is the GENIUS Act, introduced by Sen. Bill Hagerty (R-TN), which would require monthly audits of stablecoin issuers&#8217; fiat reserves and impose criminal penalties for false reporting.
Stablecoins now represent a substantial share of the daily volume in digital asset exchanges. Because these tokens are commonly pegged to the U.S. dollar or other stable assets, reliable regulatory structures are seen by many as crucial to ensuring market stability.
Crypto has long been shunned by traditional financial institutions due to its unregulated nature, forcing many crypto companies to incorporate internationally in countries with a much clearer framework for operation.
Industry advocates have shown optimism that a clear legal framework might accelerate institutional partnerships between stablecoin providers and traditional financial institutions.
Sacks addressed this, saying, &#8220;Financial assets are destined to become digital … and we want that value creation to happen in the United States.&#8221;
Sacks also addressed rumors of a Bitcoin strategic reserve, given President Trump&#8217;s Monday executive order establishing a U.S. sovereign wealth fund, which often features Bitcoin in other countries.
Sacks deferred this question to the newly-announced bicameral crypto committee, saying that the sovereign wealth fund was &#8220;a little separate&#8221; from any consideration of a Bitcoin reserve, but left open the possibility of further White House action on the matter.

Lawmakers Join White House Crypto Czar For News Conference On Digital Assets

White House, GOP Leaders Pledge Major Crypto Bills In First 100 Days

Artificial Intelligence

As of Tuesday morning, President Donald Trump’s new family crypto tokens had a combined market value of $8 billion, nearly doubling his net worth and raising ethical concerns from critics.
“My NEW Official Trump Meme is HERE! It&#8217;s time to celebrate everything we stand for: WINNING!” Trump <a href="https://x.com/realDonaldTrump/status/1880446012168249386">announced</a> in a post on X on Friday, “Join my very special Trump Community. GET YOUR $TRUMP NOW.”
$TRUMP <a href="https://www.coingecko.com/en/coins/official-trump">peaked</a> at a market cap of $14.5 billion on Sunday, while first lady Melania Trump’s meme coin, $MELANIA, <a href="https://www.coingecko.com/en/coins/melania-meme">peaked</a> at $1.2 billion Monday morning, according to Coin Gecko.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> NOW. Go to <a href="https://t.co/GX3ZxT5xyq">https://t.co/GX3ZxT5xyq</a> — Have Fun! <a href="https://t.co/flIKYyfBrC">pic.twitter.com/flIKYyfBrC</a>
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1880446012168249386?ref_src=twsrc%5Etfw">January 18, 2025</a></blockquote>
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As the 19th biggest Crypto token in the world, Trump’s team <a href="https://x.com/jconorgrogan/status/1880727916184736235">raked</a> in an estimated $58 million in fees just 24 hours after $TRUMP&#8217;s release, according to Coinbase director Conor Grogan, with Grogan estimating a daily fee intake of $15 million. 
As seen <a href="https://www.dailywire.com/news/hawk-tuah-girl-haliey-welch-addresses-memecoin-disaster">recently</a> with the “Hawk-Tuah” coin, meme coins are infamous for their high volatility and dubious intrinsic value. Influencers often use them to make money off their audience via social media promotion. 
Both coins have tumbled in the past 24 hours, nearly halving the market cap of each respective coin since their peak and causing many to raise ethical concerns about Trump’s association if the coins continue to fall.
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According to <a href="https://www.bloomberg.com/news/articles/2025-01-20/bitcoin-rises-to-fresh-record-ahead-of-trump-inauguration-in-us-m64q8dma">Bloomberg</a>, “An 80% share of the Trump token is owned by a Trump Organization affiliate called CIC Digital LLC, and a related entity called Fight Fight Fight LLC.” 
Trump owning 80% of the token gives him significant sway over the market, to say the least. Easing the minds of some is that the coins are “locked,” meaning that Trump cannot sell them for years into the future. 
The coin launch is more evidence of Trump&#8217;s sharp turn from his previous crypto skepticism, with Trump <a href="https://www.nytimes.com/2025/01/20/business/trump-memecoins-crypto.html">promising</a> during his 2024 campaign to make the U.S. the “crypto capital of the planet.”
<a href="https://store.dailywire.com/"><img loading="lazy" decoding="async" class="alignnone size-large wp-image-862379" src="https://dw-wp-production.imgix.net/2025/01/INAUG_MERCHBANNER-6-1024x391.png" alt="" width="1024" height="391" srcset="https://dw-wp-production.imgix.net/2025/01/INAUG_MERCHBANNER-6-1024x391.png 1024w, https://dw-wp-production.imgix.net/2025/01/INAUG_MERCHBANNER-6-300x115.png 300w, https://dw-wp-production.imgix.net/2025/01/INAUG_MERCHBANNER-6-768x293.png 768w, https://dw-wp-production.imgix.net/2025/01/INAUG_MERCHBANNER-6-1536x587.png 1536w, https://dw-wp-production.imgix.net/2025/01/INAUG_MERCHBANNER-6-2048x782.png 2048w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></a>
Despite this promise, many in the crypto community are disappointed with Trump’s handling of crypto thus far. Crypto hedge fund partner Rob Hadik <a href="https://www.dailybulletin.com/2025/01/20/crypto-executives-warn-trumps-memecoins-harm-the-industry/">called</a> the launches “a blight that we will have to work to put behind us as builders.”
Bitcoin, despite rising nearly 50% since Trump’s election, fell by 5% on Tuesday morning from its inauguration peak of $109,241, per Bloomberg. The market was likely expecting Trump to sign one or even several crypto-focused executive orders on Monday. 
 
Crypto’s absence from Trump’s sweeping array of executive orders did alarm some investors, evidenced by the small sell-off, but many are unconcerned. They even point to $TRUMP as a sign that the president is more committed than ever to crypto’s future.
“It’s premature to draw strong conclusions from the absence of an immediate executive order” given that the Trump administration has a range of priorities, said Richard Galvin, co-founder of hedge fund DACM. “Markets have shown resilience, suggesting investors are taking a similar, longer term view.”

Key Speakers At The Bitcoin 2024 Conference

Trump Begins Presidency As A Crypto Billionaire With “Meme” Coins

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Debanking — when a bank decides they do not want you as a customer — has become a hot topic amid a flurry of accusations from people and companies who say they were kicked out of their banks over their politics.
The apparent targets of debanking tend to be prominent people on the Right and cryptocurrency companies, which tend to lean right and are under scrutiny from regulators. Former First Lady Melania Trump said in her recently published memoir that both she and her son Barron were refused bank accounts after January 6.
“I was shocked and dismayed to learn that my long-time bank decided to terminate my account and deny my son the opportunity to open a new one,” Trump <a href="https://nypost.com/2024/10/09/us-news/barron-trump-was-denied-bank-account-due-to-cancel-mob-mom-melania-claims/" target="_blank" rel="noopener">wrote</a>.
She blamed the “venom of cancel culture” and said she had “serious concerns about civil rights violations.”
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Your bank account will be closed if you don’t follow orders. 
Don’t believe me? 
WATCH👇 <a href="https://t.co/4PB9lhfQuv">pic.twitter.com/4PB9lhfQuv</a>
&mdash; Bitcoin Archive (@BTC_Archive) <a href="https://twitter.com/BTC_Archive/status/1861854554049909082?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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Last month, conservative author Dinesh D&#8217;Souza claimed he was kicked out of Chase Bank without explanation.
&#8220;Walked in one day to discover they had closed my account,&#8221; D&#8217;Souza <a href="https://x.com/DineshDSouza/status/1862611334002544987" target="_blank" rel="noopener">posted</a> on X. &#8220;The local branch couldn’t understand it since I was a good and known customer. They said the order came from the top with no explanation given or even available!&#8221;
When a person or company is debanked, they are blocked from having a bank account at one or multiple banks, often with little explanation. Sometimes they are blocked from other financial services, such as making credit card transactions or using payroll platforms. If they cannot find another bank, they may be forced to rely on alternatives, like check cashing services with high fees and interest.
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Meanwhile, debanking hurts their reputation.
Critics <a href="https://medium.com/@nic__carter/marc-andreessen-and-the-cfpb-debunking-the-debanking-debunkers-33e934442647" target="_blank" rel="noopener">note</a> that debanking resembles Big Tech&#8217;s censorship at the behest of the government <a href="https://www.dailywire.com/news/facebook-docs-reveal-fbi-agent-made-completely-false-congressional-statements-involving-hunter-biden-laptop-jordan-says" target="_blank" rel="noopener">during</a> recent presidential elections.
Marc Andreessen, the tech billionaire founder of venture capital firm Andreessen Horowitz, which invests in dozens of crypto companies, <a href="https://www.youtube.com/watch?v=ye8MOfxD5nU" target="_blank" rel="noopener">spoke</a> in depth about debanking last month on Joe Rogan&#8217;s podcast. Andreessen said the Biden administration has used debanking to target its political opponents and crypto company founders.
&#8220;We&#8217;ve had like 30 founders debanked in the last four years,&#8221; he told Rogan. &#8220;It&#8217;s been a big recurring pattern. This is one of the reasons why we ended up supporting Trump. We just can&#8217;t live in this world. We can&#8217;t live in a world where somebody starts a company that&#8217;s a completely legal thing and then they literally get sanctioned and embargoed by the United States government.&#8221;
The Biden administration&#8217;s targeting is an expansion of the Obama administration&#8217;s debanking of certain legal businesses, including gambling, marijuana, prostitution, and gun shops, <a href="https://www.cei.org/wp-content/uploads/2014/08/Iain-Murray-Operation-Choke-Point.pdf" target="_blank" rel="noopener">under</a> a program called Operation Choke Point, Andreessen said.
&#8220;This administration extended that concept to apply it to tech founders, crypto founders, and just generally political opponents. So that&#8217;s been super pernicious,&#8221; Andreessen said.
Andreessen said that while the First Amendment protects speech, there is no constitutional amendment saying the government cannot debank you, so the government pressures private banks to do so. The banks comply because they rely on the government to exist, he <a href="https://x.com/pmarca/status/1862683729292083551" target="_blank" rel="noopener">said</a>.
&#8220;The government gets to say, &#8216;we didn&#8217;t do it,'&#8221; he said, and this system &#8220;lets bureaucrats do to American citizens the same thing we do to Iran, just kick you out of the financial system.&#8221;
&#8220;It&#8217;s just raw administrative power,&#8221; Andreessen said.
After Andreessen&#8217;s interview, a string of crypto founders <a href="https://x.com/davidmarcus/status/1862654506774810641" target="_blank" rel="noopener">spoke</a> out <a href="https://x.com/sidkal/status/1862117529667199033" target="_blank" rel="noopener">about</a> their experiences being debanked.
Elon Musk, who himself recently <a href="https://www.dailywire.com/news/shamelessly-breaking-the-law-elon-musk-blasts-california-officials-denying-spacex-launches" target="_blank" rel="noopener">faced</a> political discrimination against his SpaceX rocket launches by a California regulator, also spoke out and <a href="https://x.com/elonmusk/status/1862640443789357487" target="_blank" rel="noopener">called</a> for it to be a federal crime to debank political enemies. Musk <a href="https://x.com/elonmusk/status/1862633099906937251" target="_blank" rel="noopener">said</a> debanking shows &#8220;just how evil the government has been.&#8221;
As far as which regulators are involved, critics mainly point the finger at the Federal Deposit Insurance Corporation, but they also <a href="https://a16zcrypto.com/posts/article/debanking-explained/" target="_blank" rel="noopener">take</a> aim at the Department of Justice, the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Consumer Financial Protection Bureau.
Earlier this month, the crypto industry finally uncovered what it says is hard proof that federal regulators have been targeting them.
Documents obtained by the crypto platform Coinbase during a court fight <a href="https://www.coindesk.com/policy/2024/12/05/u-s-regulator-told-banks-to-lay-off-crypto-letters-obtained-by-coinbase-reveal" target="_blank" rel="noopener">showed</a> that in 2022, crypto companies saw their banking activity blocked at a large number of banks by the Federal Deposit Insurance Corporation.
&#8220;We respectfully ask that you pause all crypto asset-related activity,&#8221; the banking regulator wrote to banks in one message.
Advocates for cracking down on crypto <a href="https://a16zcrypto.com/posts/article/debanking-explained/" target="_blank" rel="noopener">say</a> they aim to prevent risky businesses from doing business.
Last year, the White House cited crypto as it <a href="https://www.whitehouse.gov/nec/briefing-room/2023/01/27/the-administrations-roadmap-to-mitigate-cryptocurrencies-risks/" target="_blank" rel="noopener">encouraged</a> banks to separate “risky digital assets from the banking system.” This is also a common cry <a href="https://x.com/SenWarren/status/1773805978762322376" target="_blank" rel="noopener">from</a> Sen. Elizabeth Warren, (D-MA) who received backlash for <a href="https://news.bitcoin.com/elizabeth-warren-explains-her-anti-crypto-army-stance-waves-of-democrats-oppose-her-bitcoin-criticism/" target="_blank" rel="noopener">vowing</a> to mobilize an &#8220;anti-crypto army.&#8221;
However, the crypto world is optimistic about the next few years.
President-elect Donald Trump has promised to make the United States the “crypto capital of the planet,” and he acknowledged the ire around debanking during his campaign.
“They target your banks. They choke off your financial services,” he told a Bitcoin conference in Nashville in July.
Earlier this month, Trump appointed venture capitalist David Sacks the White House AI and Crypto Czar. Sacks previously <a href="https://www.thefp.com/p/how-big-tech-is-strangling-your-freedom" target="_blank" rel="noopener">criticized</a> PayPal, where he was product manager, for its 2017 <a href="https://www.cbsnews.com/news/paypal-suspends-dozens-of-racist-groups-sites-altright-com/" target="_blank" rel="noopener">ban</a> on what it deemed right-wing extremists.
Conservatives have expressed other concerns about banks allegedly targeting them as well.
Although not debanking exactly, after the January 6 Capitol riot, the Financial Crimes Enforcement Network instructed banks to comb through customer transactions for “suspicious charges,” which included words like “MAGA” and “Trump” as well as guns and religious texts.
Under a new Trump administration, conservatives hope regulators will be more reluctant to target them through the banking system, and they may be in luck.
Trump <a href="https://www.politico.com/newsletters/morning-money/2024/07/03/the-looming-battle-over-debanking-00166402" target="_blank" rel="noopener">promised</a> at a rally this year that once elected he will “place strong protections to stop banks and regulators from trying to debank you from your political beliefs.”

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What Is Debanking And Why Are People Talking About It?

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Haliey Welch, the internet personality best known for going <a href="https://www.dailywire.com/topic/viral-video">viral</a> on TikTok and being dubbed the “Hawk Tuah” girl, is publicly addressing the cryptocurrency debacle that occurred earlier this month.
The 22-year-old Tennessee native capitalized on her overnight success over the summer by launching a podcast and merchandise and appearing at various high-profile events. On December 4, Welch announced that her cryptocurrency, Hawk Tuah <a href="https://www.dailywire.com/topic/bitcoin">memecoin</a>, $HAWK, was live.
The memecoin immediately skyrocketed in value with a market cap of $490 million, but then the valuation dropped more than 90% to less than $100 million in minutes. Buyers were quick to blame Welch and others involved with the launch after they determined that most of the purchases came from a few wallets, leading them to accuse insiders of pre-launch access, then dumping the memecoin to artificially inflate its value, according to <a href="https://mashable.com/article/hawk-tuah-hailey-welch-mia-memecoin-lawsuit">Mashable</a>.
In the aftermath, on December 5, Welch and her crypto team partner overHere Ltd. held a public Spaces stream on X. Users used the opportunity to express their frustration, but before sharing any solid answers, Welch abruptly ended the stream.
&#8220;Hey guys, I hate to interrupt you, Nick, but hello there. Anywho, I&#8217;m gonna go to bed and I&#8217;ll see you guys tomorrow,” she said.
$HAWK memecoin investors filed a <a href="https://www.dailywire.com/topic/lawsuit">lawsuit</a> on Thursday, accusing the crypto creators of unlawfully promoting and selling cryptocurrency that was allegedly never properly registered, per <a href="https://www.dailymail.co.uk/news/article-14212325/hawk-tuah-hailey-welch-cryptocurrency-memecoin-lawsuit.html">The Daily Mail</a>.
Welch had not posted on social media since the failed cryptocurrency launch until Friday when she shared an update on X. 
“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” Welch wrote. “I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter. If you have experienced losses related to this, please contact Burwick Law,” she said, including a link.
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I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community. I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the…
&mdash; Haliey Welch (@HalieyWelchX) <a href="https://twitter.com/HalieyWelchX/status/1870123827725840484?ref_src=twsrc%5Etfw">December 20, 2024</a></blockquote>
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Replies to Welch ranged from outrage to humor.
“I hope you enjoyed your beauty sleep queen, welcome back,” one reply <a href="https://x.com/ElijahSchaffer/status/1870134157944250870">said</a>.
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“Ma&#8217;am, you have exactly zero fans after you robbed everyone,” another X user <a href="https://x.com/GuntherEagleman/status/1870143645224996872">replied</a>. “I hope your legal team is top notch. Have fun in prison, where you belong.”
A third wrote, “You are a scamming, lying, manipulative, unfunny, annoying person. You have scammed MILLIONS OF DOLLARS. And have no remorse for it. You’ve been “Sleeping” for weeks at this point and just now come out? I wonder if it’s because you are going ‘Tuah’ jail.”
The poster continued, “Count your days Haliey. The justice system is going to make an example out of you.”

Hailey Welch

‘Hawk Tuah’ Girl Haliey Welch Addresses Memecoin Disaster

'Hawk Tuah' Girl Haliey Welch Addresses Memecoin Disaster

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<a href="https://www.dailywire.com/topic/bitcoin" target="_blank" rel="noopener">Bitcoin</a> surged to a new all-time high and hit $100,000 last night, marking a new milestone for the world’s largest cryptocurrency.
<a href="https://coinmarketcap.com/currencies/bitcoin/">Bitcoin</a> first hit and then surpassed a price of $100,000 before rocketing to a new high of roughly $103,500, with the move making it the asset with the seventh highest market capitalization in the world.
The cryptocurrency now sits at a $2 trillion <a href="https://companiesmarketcap.com/assets-by-market-cap/">market capitalization</a>, higher than the market capitalization of silver at just under $1.8 trillion, but still well below gold’s market capitalization of about $17.7 trillion, the highest of any asset in the world.
Cryptocurrency enthusiasts celebrated the new milestone for Bitcoin online, with some investors taking to X to speculate about the future of the asset. Cathie Wood, the CEO of Ark Investment Management, celebrated the move, but said that Bitcoin is “still in its early innings.”
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Today, Fed Chair Powell described bitcoin as a virtual, digital version of gold. At $2,700, gold is a ~$15 trillion market, compared to bitcoin at only ~$2 trillion. Even after breaking through $100,000, bitcoin still is in early innings.
— Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1864526800698667236?ref_src=twsrc%5Etfw">December 5, 2024</a></blockquote>
Wood has laid out various different price targets for the asset by 2030, ranging from a base case of about $650,000 to a bull case of $1.5 million, citing expected regulatory relief coming from the Trump administration as a bullish catalyst.
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<blockquote class="twitter-tweet" data-media-max-width="560">
JUST IN: ARK Invest CEO Cathie Wood predicts <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> to hit $1.5 million by 2030, in a bull case scenario 👀 <a href="https://t.co/CDI1V9J0nA">pic.twitter.com/CDI1V9J0nA</a>
— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1857483221857865879?ref_src=twsrc%5Etfw">November 15, 2024</a></blockquote>
President-elect Donald Trump took to Truth Social to celebrate the crypto currency’s meteoric rise in a post of his own. “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together we will Make America Great Again!” his post reads.
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JUST IN: 🇺🇸 PRESIDENT TRUMP SAYS, &#8220;CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU&#8217;RE WELCOME.&#8221; <a href="https://t.co/UoZWLe795g">pic.twitter.com/UoZWLe795g</a>
— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1864655677467042013?ref_src=twsrc%5Etfw">December 5, 2024</a></blockquote>
Bitcoin has surged nearly 130 percent since January 1st, 2024, when it sat at just over $44,000. It now accounts for about <a href="https://www.tradingview.com/symbols/BTC.D/">56 percent</a> of the market cap of the entire cryptocurrency market, with other cryptocurrencies also rapidly appreciating in recent weeks.
The asset has enjoyed rapid growth since Trump’s victory on November 5th, when it sat below $70,000.
Ethereum, the second largest cryptocurrency, appreciated by nearly 60 percent in the last month and shot up to more than $3,900. <a href="https://coinmarketcap.com/currencies/solana/">Solana</a>, one of the largest cryptocurrencies, rallied roughly 285 percent in the last 12 months before reaching a new all-time high of $256 on the heels of the Trump victory.
The market cap of all cryptocurrencies combined excluding Bitcoin and Ethereum also <a href="https://www.tradingview.com/symbols/TOTAL3/">surged</a> to a new all-time high of just over $1 trillion.

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Bitcoin Surges To $100k, Makes New All-Time High

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