Episode 532
📍 The US Securities and Exchange Commission (SEC) has agreed to drop lawsuits against Coinbase, Consensys, and Gemini, marking a series of reversals in its crackdown on the crypto industry.
📍 A new bill, the Modern Emoluments and Malfeasance Enforcement (MEME) Act, is set to be introduced in the US House of Representatives, aiming to ban public officials from profiting from digital assets, including memecoins like President Donald Trump's TRUMP token.
📍 Mainland China may allow Chinese traders access to Bitcoin (BTC) through Hong Kong-regulated crypto ETFs, potentially creating a loophole for regulated crypto markets, according to Red Date Technology CEO Yifan He.
📍 OpenAI has unveiled GPT-4.5, a new language model that is 1300% more expensive than its predecessor, with a focus on "vibes" and a more human-like tone, but not necessarily more intelligent or capable.
📍 The SEC has published an informal policy on memecoins, stating that they are not considered securities and investors will not be protected if they lose money investing in them.
