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🌙 David Sacks Becomes AI and Crypto Czar

Former PayPal Chief Operating Officer David Sacks has been named by President-elect Donald Trump as the "White House AI and Crypto Czar."

Author

Mike Gavela
December 06, 2024

Crypto Roundup - December 6

President-elect Donald Trump has appointed venture capitalist David Sacks as the White House's AI and cryptocurrency czar, signaling a pro-technology stance in the upcoming administration. This move coincides with a surge in cryptocurrency investments, with Bitcoin ETFs reaching $33 billion in net inflows and Ethereum ETFs surpassing $1 billion, marking a record-setting year for crypto assets. Meanwhile, Solana's meme coin platform, Pump.fun, has banned UK users following regulatory warnings, highlighting the increasing scrutiny of digital asset platforms.

Top Stories

  • President-elect Donald Trump appoints venture capitalist David Sacks as the White House AI and cryptocurrency czar, indicating a pro-technology agenda.

  • Bitcoin ETFs achieve $33 billion in net inflows, while Ethereum ETFs exceed $1 billion, underscoring a record-setting year for cryptocurrency investments.

  • Solana's Pump.fun bans UK users after regulatory warnings, reflecting heightened oversight of digital asset platforms.

TOP STORIES

David Sacks Becomes AI and Crypto Czar: Trump Signals Bold Policy Direction

Trump appoints David Sacks to lead AI and crypto regulation, highlighting innovation-friendly policy shift

finance.yahoo.com/news/david-sacks-becomes-ai-crypto-173115082.html

Crypto ETFs Surge: ETH Net Inflows Hit $1B, BTC ETFs Reach $33B in Record-Setting Year – Finance Bitcoin News

On Dec. 6, as the markets painted a vivid shade of red, spot bitcoin and ethereum exchange-traded funds bucked the trend, attracting inflows.

news.bitcoin.com/crypto-etfs-surge-eth-net-inflows-hit-1b-btc-etfs-reach-33b-in-record-setting-year

Solana Meme Coin Launchpad Pump.fun Bans UK Users After Regulator Warning - Decrypt

Pump.fun has permanently blocked UK users after the country's financial regulator posted a warning about the Solana meme coin launchpad.

decrypt.co/295355/solana-pump-fun-bans-uk-users-regulator

OTHER HEADLINES

Pudgy Penguin NFTs Soar on Token Plans - "The Defiant"

The popular NFT collection is set to expand its ecosystem with a Solana-based token, driving a 383% sales spike and a 17% floor price increase within 24 hours.

thedefiant.io/news/nfts-and-web3/pudgy-penguin-nfts-soar-on-token-plans

Coinbase’s fray with the FDIC continues

“Law-abiding American businesses should be able to access banking services without government interference,” Coinbase's Paul Grewal said on X.

blockworks.co/news/coinbase-shares-fdic-letters

How insiders and bots crashed Hawk Tuah Girl’s memecoin

Hawk Tuah Girl Haliey Welch is under fire for launching a memecoin that crashed, leaving investors in the lurch.

www.dlnews.com/articles/markets/investors-angry-hawk-tuah-girl-haliey-welch-memecoin-crashes

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