ROLLUP: Memecoin Mania | Tornado Cash Win! | Pro-Crypto Trump Cabinet | Justin Sun & WLFI
Bankless
Trends in Meme Coins and Legal Battles in Crypto
This chapter explores current trends in meme coins and AI utilities within the cryptocurrency market, discussing participation strategies and risk management. It also covers significant court victories, notably regarding Tornado Cash, and their implications for the integration of cryptocurrency into finance and politics.
Memecoin mania spiraled out of control this week, with shocking livestream rug pulls and Pump.fun disabling its livestream feature due to disturbing behavior. Meanwhile, Base and Farcaster hit record TPS and inflows as memecoin trading heats up.
In Washington, Trump nominated pro-crypto Scott Bessent as Treasury Secretary. What does this mean for crypto policy? Plus, a surprising investor joins Trump’s World Liberty Financial raise—we’ll reveal who.
And a major court victory for crypto privacy: judges ruled OFAC overstepped in the Tornado Cash case, declaring immutable smart contracts unsanctionable. Does this mean Tornado Cash is back?
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------ TIMESTAMPS & RESOURCES
0:00 Intro
7:12 Markets https://x.com/DegenerateNews/status/1859978611606102494 https://x.com/JacobKinge/status/1859979524487909769 https://x.com/saylor/status/1861033309934862601 https://www.theblock.co/post/328025/microstrategy-4-per-cent-of-bitcoin-bernstein-price-target-600-usd https://x.com/Galois_Capital/status/1861299857975046261 https://farside.co.uk/?p=1518 https://imgur.com/pUSaAQ2 https://l2beat.com/scaling/tvl https://x.com/HHorsley/status/1860397442547790105
26:00 Pump.fun suspends livestream feature https://www.bloomberg.com/news/newsletters/2024-11-26/pump-fun-s-streams-show-the-dark-side-of-memecoin-trading https://x.com/crypto_bitlord7/status/1860989408092258441 https://x.com/_kaitoai/status/1860969504798302691 https://x.com/pumpdotfun/status/1861138234580869128 https://x.com/ChainLinkGod/status/1861091091585409400 https://x.com/moo9000/status/1860980423716659462
34:15 Base And Farcaster AI Agent meta heating up https://x.com/phantom/status/1861108202022318470 https://x.com/qiqileyuan/status/1861650662590947411 https://x.com/cryptotesters/status/1861216310631506364 https://x.com/jessepollak/status/1861434379270308195 https://x.com/dwr/status/1861595910498631928 https://x.com/TrustlessState/status/1861422824029647241 https://x.com/anoncast_ https://x.com/TrustlessState/status/1860806662962954526 https://warpcast.com/superanon/0x5c38e09ce41560f3a469946c8e08bcf463f31469 https://anoncast.org/anonfun https://x.com/ChazSchmidt/status/1861539655620919497 https://x.com/TrustlessState/status/1861041911542223294 https://warpcast.com/cherdougie/0x2c3ba9646bc37de213953294076b1250acf8635b https://x.com/search?q=%24blonde&src=cashtag_click https://x.com/ayyyeandy/status/1861683577722909062 https://www.coingecko.com/en/coins/aixbt-by-virtuals https://app.virtuals.io/
48:00 Bankless disclosures https://www.bankless.com/disclosures https://x.com/iamdcinvestor/status/1861028893408317863
53:06 Big victory in Tornado Cash case as judge says OFAC exceeded authority https://x.com/BillHughesDC/status/1861545321450336342 https://x.com/valkenburgh/status/1861565828270846048 https://x.com/brian_armstrong/status/1861566807225532470 https://x.com/rstormsf/status/1861575644796330392 https://juicebox.money/@defend-roman-storm
1:00:01 US court struck down SEC broker-dealer rule https://x.com/BlockchainAssn/status/1859657449856463077 https://x.com/NateGeraci/status/1859678807600529892 https://truthsocial.com/@realDonaldTrump/posts/113529294640959784 https://x.com/jchervinsky/status/1861430542668886408
1:05:53 Trump Media files a trademark for “TruthFi” https://x.com/JoshGerben/status/1859689670986408392
1:07:10 Tron became the largest investor into World Liberty Finance https://x.com/justinsuntron/status/1861121947372773545 https://x.com/SplitCapital/status/1861794875668136104 https://x.com/Caitlyn_Jenner/status/1861123142439313714
1:11:37 Bankless has its biggest Black Friday offer ever! https://www.bankless.com/join
1:13:04 Top signals? https://x.com/HalieyWelchX/status/1861470493280206907 https://x.com/RyanSAdams/status/1861053012573057285
1:17:15 Closing & Disclaimers
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
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