CoinDesk Podcast Network COINDESK DAILY: Bitcoin Pauses as Trump Threatens 100% BRICS Tariffs
Jan 31, 2025
Bitcoin's recent rally hit a snag as tensions rise over Trump's proposed 100% tariffs on BRICS nations. The podcast dives into the implications of these tariffs on the crypto market. Additionally, it explores a class action lawsuit against the memecoin creation platform Pump.Fun, raising concerns in the crypto community. There’s also a look at the push for a presidential pardon related to ongoing crypto fraud scandals. The interplay of politics and cryptocurrency takes center stage in this insightful discussion.
AI Snips
Chapters
Transcript
Episode notes
Bitcoin and Tariffs
- Bitcoin's price reacted negatively to Trump's tariff threats against BRICS nations.
- This suggests investors see the threats as potentially destabilizing to global trade and the US dollar.
Pump.Fun Lawsuit
- Meme coin factory Pump.Fun faces a class action lawsuit for allegedly operating an illegal securities exchange.
- The lawsuit claims Pump.Fun facilitated the launch of over 50,000 unregistered tokens, generating substantial fees.
SBF Pardon Attempt
- Sam Bankman-Fried's parents are reportedly seeking a presidential pardon from Trump.
- Their appeal is based on Trump's pardon of Silk Road founder Ross Ulbricht, despite SBF lacking similar public support.