Crypto Weekly Roundup: Trump Drops Memecoin, SEC Appeals Ripple Decision, & More

This week witnessed the growing adoption of Bitcoin in traditional finances globally, as Thailand considers approving local Bitcoin ETFs, while Italian bank Intesa Sanpaolo makes a million-dollar investment in BTC. 

It could all be tied to President-elect Donald Trump’s upcoming administration, which could bring significant changes to U.S. crypto policies, including plans to elevate cryptocurrency as a national priority and repeal restrictive SEC regulations. Let’s dig deeper. 

Bitcoin

Thailand's SEC is considering approving local Bitcoin ETFs to expand crypto investment options and establish the nation as a digital asset hub.

Italian banking giant Intesa Sanpaolo has taken its first cautious steps in Bitcoin trading by purchasing $1 million worth of the crypto as a strategic test to meet client demand.

The inauguration of Donald Trump as the next president of the United States is likely to have huge consequences for Bitcoin and the rest of the cryptocurrency industry.

Altcoins

BlockDAG has tackled key challenges like scalability and security to create a network that feels tailor-made for the future of decentralized technology. 

President-elect Donald Trump’s social media accounts have shared what appears to be an official Solana meme coin called TRUMP days before his inauguration.

As the Bitcoin price continues to play with the $100,000 level, the next stage of the bull market could soon be upon us. Among the altcoins, Solana (SOL) is poised to lead this next rally higher. 

Web3

Aurora Labs is handing memecoin creators and decentralized application developers their very own blockchain on a plate with the launch of its super-simple, user-friendly Aurora Cloud Console . 

High throughput Layer 1 blockchain Somnia has outlined its vision for mainstreaming web3 gaming, believing it can stand out in an increasingly crowded GameFi marketplace.

Sony has announced the mainnet launch of its Soneium blockchain platform after a four-month testing period that attracted over 14 million users. 

Regulation

President-elect Donald Trump plans to release an executive order to elevate cryptocurrency to a national priority in the US, giving the industry a presence within his administration. 

U.S. Senator Cynthia Lummis has accused the Federal Deposit Insurance Corporation (FDIC) of destroying documents linked to digital assets, citing whistleblower claims from within the agency.

The United States Securities and Exchange Commission (SEC) has officially appealed the Ripple ruling as the legal battle between the regulator and Ripple Labs continues. 

President-elect Donald Trump is expected to repeal the SEC’s SAB 121 on his first day in office, potentially enabling banks to hold cryptocurrencies as assets rather than liabilities, signaling a pro-crypto shift in U.S. policy.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.