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As the Flockerz presale approaches $10 million, optimism grows for the crypto market under the incoming Trump administration, despite recent debanking actions by the FDIC against crypto firms. With the anticipated pro-crypto stance of Treasury Secretary Scott Bessent, analysts predict significant returns on investments, particularly in meme coins like Flockerz, Wall Street Pepe, and Meme Index. Investors are urged to act quickly before the presale ends, as potential regulatory changes could enhance the market's prospects.
The CFTC's enforcement director Ian McGinley will leave the agency on Jan. 17, just days before Donald Trump's inauguration, amid a shift in regulatory focus towards the crypto industry. Meanwhile, decentralized exchange Mango Markets is winding down operations after a settlement with the SEC, and New York's Attorney General is pursuing over $2 million in crypto fraud cases. Additionally, FDIC Vice Chair Travis Hill criticized the debanking of crypto firms, advocating for a new direction that supports law-abiding customers.
FDIC interim Chair Travis Hill criticized the agency's "debanking" of crypto firms, labeling it "unacceptable" and contrary to its mission of reducing unbanked Americans. He urged an end to such practices and called for clearer guidance on crypto activities, emphasizing the need for innovation and collaboration with the fintech industry. Hill's remarks signal a potential shift in the FDIC's approach as leadership transitions occur.
Travis Hill
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flockerz presale approaches ten million amid hopes for pro crypto regulations
16:20 13.01.2025
crypto regulatory shifts and high-profile legal battles shape the landscape
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03:02 13.01.2025
fdic chair criticizes crypto debanking and calls for regulatory reform
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