Time: 2024-07-14
Cryptocurrency trader sold 5.7 million BODEN tokens for a 39 % loss , compared to their value when acquired . The tokens had surged over 100 % since the sale , despite the trader 's losses . Memecoin markets on Solana blockchain have seen a boom this year , with tokens trading purely on hype.
Pressure is mounting on President Joe Biden to abandon his re - election campaign , with concerns raised about the administration 's hostility towards the crypto industry . Prominent crypto policy makers are privately calling for Biden to step aside , citing the need for better policies in the future.
The Biden administration has faced criticism from the crypto industry for its stance on crypto - related issues . Senator Elizabeth Warren 's influence over financial services policy has been a point of concern , with industry experts suggesting that her sway has led to anti - crypto decisions.
The potential impact of Biden dropping out on the crypto industry is a topic of debate among experts . While some believe it could lead to a shift in policies favoring crypto , others caution against overstating the impact . The industry is advised to work with the current administration to navigate policy challenges effectively.
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