• Former U.S. President Donald Trump holds between $250,001 and $500,000 in an Ethereum wallet according to his financial disclosure form filed in April 2023.
• Rep. Maxine Waters criticizes PayPal’s stablecoin demanding regulation on par with financial institutions.
• Federal Reserve requires state banks to get written ‘non-objection’ from central bank before engaging with stablecoins.
Donald Trump’s Ethereum Wallet
Former U.S. President Donald Trump, well-known for his skepticism towards cryptocurrencies, has been revealed to hold between $250,001 and $500,000 in an Ethereum (ETH) wallet, according to his financial disclosure form filed in April 2023. The wallet’s contents remain undisclosed, leaving the potential for it to encompass Ethereum, ERC20 tokens, or potentially NFTs.
Rep Maxine Waters‘ Criticism of PayPal’s StableCoin
Rep. Maxine Waters criticized PayPal’s stablecoin and demanded regulation on par with financial institutions as part of her efforts to regulate digital assets and cryptocurrency markets more closely at a congressional hearing last week.
Federal Reserve Oversight
The Federal Reserve will require state banks to get written ‘non-objection’ from the central bank before engaging with any type of stablecoin or cryptocurrency activities such as trading or issuance of digital assets like Bitcoin (BTC). This regulatory oversight is intended to protect consumers from potential risks associated with these nascent asset classes while also ensuring that large companies comply with existing laws regulating the industry such as KYC/AML requirements which are essential safeguards for preventing money laundering or other illegal activities involving cryptoassets or tokens issued by startups and other companies operating within the space.
Bitstamp Halting Trading of SEC identified Tokens
In addition Bitstamp will halt trading on seven tokens identified as securities by the SEC in Coinbase and Binance cases starting next month which include MakerDAO (MKR), Compound (COMP), Uniswap (UNI), Aave (AAVE) Curve Finance (CRV), Synthetix Network Token (SNX) and Kyber Network Crystal Legacy Token (KNC). This move is another step forward for the SEC in its effort to protect investors from potential fraud associated with crypto asset investments while also providing clarity around what types of digital assets can be traded legally within US borders without fear of being prosecuted for securities violations under applicable law governing this sector including Regulation D Rule 506(c) & Regulation CF among others rules enacted over the years since 2017 when initial coin offerings first became popularized on various platforms across North America and Europe respectively.
Op-ed: Is Trump’s Crypto Wallet Just An NFT Collection?
An opinion piece published by CryptoSlate questioned whether Trump’s wallet was actually just a collection of NFT trading cards rather than a true investment into cryptocurrencies given his previous stance against them prior to becoming a private citizen after leaving office earlier this year in January 2021 following Joe Biden’s inauguration ceremony held at The White House Washington DC USA where he officially assumed power as commander-in-chief after defeating incumbent president Donald J Trump Sr during November 3rd 2020 general election results announcement made public worldwide via major news outlets worldwide including CNN Fox News BBC etcetera…