Crypto

Crypto industry should lock in institutional adoption before 2028 U.S. election, separate from Clarity bill

The crypto industry should expand blockchain adoption now to a level that would be hard to reverse in case of a future change in U.S. administration, an industry executive said. Digital Asset co-founder and CEO Yuval Rooz said at Token2049 in Singapore that firms should use the current regulatory environment to accelerate institutional adoption and make blockchain widely used infrastructure before the 2028 U.S. presidential election. Panelists differed on reliance on the Clarity bill, while noting ongoing work by the SEC and CFTC.

Crypto

Hunter Biden denies \'LAPTOP\' memecoin rug pull, says aim was to mock Trump family

Hunter Biden denied that the memecoin \'LAPTOP\' was a rug pull and released on-chain data to support his claim. He said 300 million tokens in founder-linked wallets have not moved since last month’s launch. He argued two trading firms hired by the project profited most and withdrew liquidity shortly after the price peak. He said he launched the token partly to taunt Donald Trump Jr. and Eric Trump.