The launch of a new memecoin associated with Donald Trump has triggered immediate calls for regulation within the cryptocurrency landscape. This unexpected move has created ripples across the industry, with some stakeholders expressing concern over the potential volatility and speculative nature of such meme-based digital assets.
Alongside this, Bitcoin has been making waves, breaking its downtrend to hit $108K once again. Meanwhile, countries like Thailand are exploring Bitcoin ETFs, and Italian bank Intesa Sanpaolo has made significant investments in BTC. Despite these developments, the memecoin launch seems to have captured the most attention due to its political undertones, sparking debates over regulatory frameworks.