DMD Weekly FinTech Trend Report

January 21, 2025

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THIS ISSUE: the legal and ethical issues of “memecoins”

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NEWS DIGEST

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• FDIC At A Crossroads: Debanking, Crypto, And The Fight For Reform - Forbes

• The Ethical Fallout of Trump's Problematic Political Memecoins - Electing Crypto Tracker

• Trump token plunges over 20%, bitcoin pulls back from inauguration day record of $109,000 - CNBC

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TODAY’S TOPIC: The Legalities and ethics of memecoins

The inauguration of Donald J. Trump for his second presidential term marked an unprecedented intersection of politics and cryptocurrency, as the first family unveiled the $TRUMP and $MELANIA memecoins. These tokens, which rapidly amassed billions in market capitalization, highlight the ethical and legal quagmire of blending personal profit with public office. […]