President Donald Trump has elevated Republican Commissioner Mark Uyeda to take over the SEC from a now-departed Gary Gensler.
"I don't know how borrowing money to buy bitcoin helps on any of Trump's platforms," Hayes said.
The ether allocation comes amidst leadership changes aimed at improving technical expertise, communication, and support for app builders.
Donald Trump did not mention crypto during his inauguration speech, leaving crypto traders' heightened expectations somewhat unfulfilled.
On-chain veri shows that wallets likely controlled by members of Trump’s entourage have absurd paper holdings.
The president has promised — and seems intent on delivering — policies embracing what possibly could become transformative technology.
The Republican commissioner and former Citibank executive has a deep background in crypto and has worked on digital assets policy aims at the agency.
The buying frenzy came after WLFI token sales picked up ahead of Donald Trump's inauguration.
Capital flowing out of existing memecoins spurred TRUMP's rise, now the money is going the other way.
Gambaryan has been recommended for several high profile crypto crime fighting roles by people associated with the Bitcoin 2024 event in Nashville, which Donald Trump attended.