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White House to host the first ever crypto summit

Posted on 2/28/25 at 9:01 pm
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
52903 posts
Posted on 2/28/25 at 9:01 pm
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50979 posts
Posted on 2/28/25 at 9:04 pm to
Guessing there will be a new maga coin a few days later launching.

Good luck
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
92962 posts
Posted on 2/28/25 at 9:25 pm to
quote:

UltimaParadox


Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
52903 posts
Posted on 2/28/25 at 9:31 pm to
Crazy that Trump helped over 500 people become millionaires over night with his meme coin but he’s vilified.

People are still making & losing money with it, same as most things. Seems to just be a vehicle for people to make or lose money.
This post was edited on 2/28/25 at 9:32 pm
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50979 posts
Posted on 2/28/25 at 9:51 pm to
quote:

Crazy that Trump helped over 500 people become millionaires over night with his meme coin but he’s vilified.


Lol

quote:

the Trump family and its partners have amassed nearly $100 million in trading fees from the venture, most of which remains uncashed. At the same time, an analysis of blockchain transactions conducted by Chainalysis and Nansen shows that early traders—31 in total—raked in $669 million in profits, leaving 813,294 other wallets collectively nursing $2 billion in losses.


People who had early access did well

Brave new coin source

As usual insiders leave retail bag holding
Posted by ApexHunterNetcode
Member since Aug 2023
596 posts
Posted on 2/28/25 at 10:05 pm to
Get rdy for a crash upon first tweet.
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
52903 posts
Posted on 2/28/25 at 10:06 pm to
It’s a vehicle that people gain & lose money with

Certainty helped more people become millionaires than I ever will
Posted by SulphursFinest
Lafayette
Member since Jan 2015
11298 posts
Posted on 3/1/25 at 7:48 am to
That’s a wild spin
Posted by IMSA_Fan
Member since Jul 2024
565 posts
Posted on 3/1/25 at 7:55 am to
Hasn’t that coin lost like 75% of its value over the last month?
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
52903 posts
Posted on 3/1/25 at 11:23 am to
Posted by IMSA_Fan
Member since Jul 2024
565 posts
Posted on 3/1/25 at 11:40 am to
Why would States want to put an extremely volatile asset, that is prone to huge cyber attacks that result in billions of dollars worth of theft, in their reserves ?
This post was edited on 3/1/25 at 12:46 pm
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50979 posts
Posted on 3/1/25 at 11:43 am to
quote:

Why would States want to put an extreme volatile asset, that is prone to huge cyber attacks that result in billions of dollars worth of theft, in their reserves ?


They dont

quote:

Bitcoin Reserve Bills Are Failing in Quick Succession in States


quote:

Lawmakers in Montana, North Dakota, South Dakota and Wyoming have all voted against establishing state-level crypto reserves in the last few weeks, citing concerns over risk and volatility associated with digital assets.


quote:

The bill from Lummis, a Wyoming Republican, calls for the US to acquire 1 million Bitcoin, while Trump’s initial proposal required the government to maintain ownership of the roughly 200,000 tokens that the US already possesses following asset seizures. But even the measure in Lummis’ home state to allow investment specifically in Bitcoin failed in the House in early February, with only one representative voting in favor of the bill.


Wyoming was the most crypto friendly state

Guessing cyrpto bros just parrot what they see on Twitter

Bloomberg Source
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
52903 posts
Posted on 3/1/25 at 12:53 pm to
Success doesn’t happen without failure
Posted by mmmmmbeeer
ATL
Member since Nov 2014
9691 posts
Posted on 3/1/25 at 4:16 pm to
It takes one legislator in a state to introduce any bill. This isn’t exactly the big deal you think it lol
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
52903 posts
Posted on 3/1/25 at 5:22 pm to
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50979 posts
Posted on 3/1/25 at 5:57 pm to
Interesting that sounds like a major shift in the administration when it comes to crypto. A summit sounds like a meeting to talk about things, not a functioning body to push for any type of legislation.
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
52903 posts
Posted on 3/1/25 at 6:06 pm to
Guess we’ll see
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
6352 posts
Posted on 3/1/25 at 8:09 pm to
Is it being held in the basement
Posted by KWL85
Member since Mar 2023
3041 posts
Posted on 3/2/25 at 9:02 am to
This is what happened. It is useless to try and convince the koolaid crowd.
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
52903 posts
Posted on 3/2/25 at 11:27 am to
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