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Donald Trump’s transition team considering first-ever White House crypto office

  • Trump’s team is considering creating a White House role dedicated to crypto policy.
  • The proposed “crypto czar” would provide direct access to the President for the industry.
  • Donald Trump’s past promises include ending the SEC crypto crackdown and a Bitcoin reserve.

As President-elect Donald Trump prepares to take office, there are reports that his transition team is actively exploring the creation of the first-ever White House position dedicated to cryptocurrency policy.

According to a Bloomberg report, discussions are underway about appointing a senior figure to oversee the growing digital assets industry and its regulation at the highest level of government.

The proposed role, often referred to as a “crypto czar,” would provide the crypto industry with a designated point person at the White House, offering a direct line to the President.

If established, this position would serve as a liaison between the digital assets sector, Congress, and key regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Industry advocates are pushing for the role to be one with significant access to Trump, ensuring that the industry’s concerns are heard at the highest levels of power.

Though no final decision has been made regarding the creation of the role, Trump’s team has reportedly consulted with several leaders from the crypto space, including Brian Brooks, the former CEO of Binance.US, and Brian Armstrong, the CEO of Coinbase.

These discussions signal the potential for significant changes in the way the U.S. government engages with the cryptocurrency industry.

Trump’s support for crypto has been evident since his campaign, where he promised to end the SEC’s crackdown on digital assets and even proposed the establishment of a federal strategic Bitcoin reserve. His appointments, including that of Howard Lutnick to head the US Department of Commerce, further reflect his engagement with the sector, though Lutnick’s position holds less influence over crypto regulation.

The crypto czar role would allow the White House to more effectively address the complexities of cryptocurrency regulation, giving the digital assets industry a more structured and prominent voice in policymaking.

As Trump moves closer to taking office, the creation of such a position would mark a pivotal moment for the US crypto landscape.

The post Donald Trump’s transition team considering first-ever White House crypto office appeared first on CoinJournal.

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Kava launches community-driven memecoin creation platform HARD.fun

  • HARD.fun allows users to easily create memecoins with Kava’s AI chatbot.
  • The platform is community-driven, with governance and tokenomics voted on.
  • The platform offers cross-chain support, spanning Kava, Ethereum, Cosmos, and more.

Kava, a secure and fast Layer-1 blockchain combining the power of Ethereum with the speed and interoperability of Cosmos, has launched HARD.fun, a groundbreaking decentralized memecoin creation platform.

This follows a vote by holders of Kava Lend’s governance token HARD, in which more than 80% of voters backed the proposal.

Designed to democratize the creation of memecoins, HARD.fun allows anyone to create and launch their own memecoin with minimal effort, using the innovative Kava AI chatbot.

The HARD.fun platform features

Unlike traditional centralized platforms like Moonshot, Pump.fun, and Gra.fun, which are controlled by developers, HARD.fun is a community-driven platform.

With a focus on ensuring that the value of memecoins is shared among the communities that support them, HARD.fun allows token holders to vote on the platform’s governance and the tokenomics of specific meme coins. This decentralized approach is in line with the core principles of cryptocurrency, where user participation and ownership drive the success of projects.

One of the standout features of HARD.fun is its integration with Kava’s AI technology. The Kava AI chatbot simplifies the process of creating a memecoin by directly querying the Kava Chain and other networks like Ethereum and Cosmos.

Kava on November 16 launched the first decentralized AI model to compete with ChatGPT at Devcon taking its AI technology a notch higher.

HARD.fun users will only need to specify the type of token they wish to create, and the platform will handle the rest, generating the coin on the chosen blockchain. This makes it easier for anyone, even those without technical expertise, to bring their creative visions to life and contribute to the growing memecoin ecosystem.

HARD.fun also embraces cross-chain interoperability, allowing users to launch memecoins that span multiple ecosystems, including Kava EVM, Ethereum, Cosmos, and others. In the future, it will extend to more chains like BNB Chain, Solana, and Tron, making these memecoins accessible and tradable across a wide range of networks.

In addition to simplifying the creation process, HARD.fun introduces a reward-sharing model that benefits memecoin holders. The platform’s governance structure enables users to vote on key decisions, ensuring that the memecoin community remains at the forefront of development.

With Kava Lend’s governance token HARD powering the platform, users can benefit from increased transaction volume and the long-term value of their memecoins.

Through this innovative initiative, Kava is positioning itself as a leader in the evolving memecoin space, bringing greater value and accessibility to the crypto community.

The post Kava launches community-driven memecoin creation platform HARD.fun appeared first on CoinJournal.

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Hoth Therapeutics to buy up to $1 million worth of Bitcoin

Hoth Therapeutics, a publicly-traded biopharmaceutical company, has adopted Bitcoin (BTC) as a treasury asset.

The clinical-stage biopharmaceutical company announced on Nov. 20 that its board of directors had approved adding BTC to its balance sheet. In the first step of this significant move, Hoth Therapeutics will buy up to $1 million in Bitcoin, according to details in a press release.

Big move as Hoth buys Bitcoin

Hoth points to Bitcoin’s traction as an investment asset, global adoption and rising institutional purchase as key to its decision. Bitcoin ETFs and options approval, increased ETF inflows and assets as well as plans for strategic BTC reserves has also buoyed several platforms.

The Hoth management team also looked at BTC as a hedge against inflation and store of value as crucial features.

“As Bitcoin continues to grow, gaining investor attention and acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset,” Robb Knie, chief executive officer of Hoth said.

“With recent approval of Bitcoin ETFs and increasing activity from institutional investors, it is a strong addition to our treasury strategy. We believe its inflation-resistant characteristics may make it a reliable asset as a functional store of value,” Knie added.

Hoth’s move comes as MicroStrategy, the company that has acquired a massive BTC haul since its first purchase in 2020, added to its holdings with a $4.6 billion purchase. Other companies, including ‘Asia’s MicroStrategy’ Metaplanet are looking to follow suit.

Endowments, pension funds and family offices are among those to also take a serious look at Bitcoin.

Meanwhile, the price of Bitcoin has surged to new all-time highs above $94,000 amid positive sentiment since Donald Trump’s re-election. Analysts say the benchmark crypto asset will surpass $100k, going parabolic in the next months.

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