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☆ Memecoins like Fartcoin are riding Trump's victory to huge valuations. Experts say it may have only begun.
  + stars: | 2024-12-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Rob Wile | ) www.nbcnews.com   time to read: +7 min
It’s minting millionaires while potentially harming others — yet everyone, even the losers, seem to be in on the joke. Some believe memecoins are permitted because the Securities and Exchange Commission has never formally categorized bitcoin as a security. And, crucially, many memecoins, including Fartcoin, do not appear able to be legally purchased from U.S. soil on most of the crypto exchanges offering them. In fact, Trump world has already shown signs of accelerating its embrace of cryptocurrencies. Yet there is clearly a dark side to the memecoin world.
Persons: it’s, Guess jeanswear, Donald Trump, Toe Bautista, Bautista, ” Bautista, ’ ”, “, ‘, Haliey Welch, Welch, CoinTelegraph, ”, nonsavvy, Trump, Gracy Chen, Omid Malekan, ’ ” Malekan Organizations: GSR, NBC News, Wall, Securities and Exchange Commission, ”, United, Authority, Federal Reserve, Trump, cryptocurrencies, Bloomberg, Liberty, Columbia Business School, Columbia University Locations: bitcoin, New York, Tennessee, U.S, England
☆ Memecoins like Fartcoin are riding Trump's victory to huge valuations. Experts say it may have only begun
  + stars: | 2024-12-15 | by ( Rob Wile | ) www.cnbc.com   time to read: +7 min
It's minting millionaires while potentially harming others — yet everyone, even the losers, seem to be in on the joke. For the most part, the greatest risk in trading memecoins, which tend to be based on the lifespan of viral internet memes, is the meme itself fading away from the cultural zeitgeist. Some believe memecoins are permitted because the Securities and Exchange Commission has never formally categorized bitcoin as a security. In fact, Trump world has already shown signs of accelerating its embrace of cryptocurrencies. Yet there is clearly a dark side to the memecoin world.
Persons: Elon, X, it's, Guess jeanswear, Donald Trump, Toe Bautista, Bautista, Haliey Welch, Welch, CoinTelegraph, nonsavvy, Trump, Gracy Chen, Omid Malekan, Malekan Organizations: GSR, NBC News, Wall, Securities and Exchange Commission, United, Authority, Federal Reserve, Trump, cryptocurrencies, Bloomberg, Liberty, Columbia Business School, Columbia University Locations: bitcoin, New York, Tennessee, U.S, England
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