Market
Crypto Czar Dismisses Securities Label for NFTs and Memecoins

White House advisor David Sacks argues that non-fungible tokens (NFTs) and meme coins do not belong in the securities or commodities category.
Instead, Sacks suggested they are better understood as collectibles, similar to items like stamps or baseball cards.
Sacks Argues Authorities Should Treat NFTs and Meme Coins as Collectibles
During a Fox interview on January 24, Sacks shared his views while discussing the Donald Trump-themed meme coin. He emphasized the sentimental value of these tokens, explaining that people often purchase them to commemorate events or celebrate figures.
“When you’re talking about digital assets, it can be multiple things. You’ve got digital assets that are securities, that are commodities, digital assets that are collectibles like NFTs or meme coins. So, you know, you’re talking about a whole vast area of innovation. And so digital assets can be a number of different things,” Sacks explained.
Notably, the GetTrumpMeme website had marketed the Trump meme coin as a tribute to the president’s determination and leadership. Over the past week, the digital asset gained market attention due to its ties with the president. However, some have criticized the token, citing conflict-of-interest claims.
Meanwhile, Sacks’ remarks bring renewed attention to the debate about classifying digital assets. While some view them as securities akin to stocks, others argue they resemble commodities like gold. Notably, the US Securities and Exchange Commission (SEC), under Gary Gensler, had designated some NFTs and cryptocurrencies as securities, creating tension within the industry over regulatory clarity.
However, efforts to address this ambiguity are gaining traction under Trump’s new administration. The President has tasked a newly formed crypto task force to make the US a emerging industry leader. This task would involve clearly defining digital assets, including what qualifies as a security, commodity, or collectible.
Sacks believes clearer regulations could reignite innovation within the US crypto industry. He noted that this would reverse the exodus of companies prompted by unclear policies under previous administrations.
“What the industry wants more than anything else is regulatory clarity. Just tell us what the rules are, and we will abide by them. The Biden administration would never do that, and because of that, all the innovation was basically moving offshore, and America was about to lose this technology of the future. We want that innovation happening here in the United States, and I think it will now because President Trump has declared that it must be the crypto capital of the world,” Sacks stated.
Market observers noted that the federal crypto task force and crypto-focused groups within agencies like the SEC and CFTC signal a more proactive approach to regulating the industry. These measures are already influencing the sector, with some companies considering a return to the US and others exploring expansion opportunities.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
MELANIA Crashes to All-Time Low Amid Insiders Continued Sales

A wave of heavy sell-offs linked to the team behind the Melania meme coin (MELANIA) has raised fresh concerns about insider activity within the project.
These activities have contributed to the token’s value dropping to an all-time low, a staggering 97% down from its all-time high on Trump’s inauguration day back in January.
Heavy Insider Selling Sends MELANIA to Historic Low
On April 19, on-chain analyst EmberCN reported that wallets tied to the project offloaded nearly 3 million MELANIA tokens.
In return, the team received approximately 9,009 SOL, valued at around $1.2 million. The tokens were sold through unilateral liquidity provisions added to the MELANIA/SOL trading pair on Meteora.
This transaction is part of a broader pattern. In the past three days, the MELANIA team reportedly moved 7.64 million tokens, worth about $3.21 million, from both liquidity and community wallets.
The team systematically added these tokens to the same liquidity pool and sold them for SOL within a pre-defined price range. Out of the total, they sold 2.95 million tokens just hours before EmberCN’s disclosure.
“In the past 3 days, the $MELANIA project team has continued to transfer out 7.643 million $MELANIA tokens ($3.21M) from liquidity and community addresses, then added them to MELANIA/SOL one-sided liquidity on Meteora, selling $MELANIA within a set range for SOL. Of which, 2.95 million $MELANIA tokens were sold 7 hours ago for 9,009 SOL,” EmberCN stated.
EmberCN further pointed out that the project’s team has sold over 23 million MELANIA tokens in the past month. The tokens were worth approximately $14.75 million.

These repeated sell-offs have added weight to concerns over internal dumping—suspicions that first emerged in March.
At the time, blockchain analytics firm Bubblemaps reported unusual movements of over $30 million in MELANIA tokens. Originally part of the community allocation, the tokens appeared to be gradually transferred to exchanges without explanation.
The firm linked these transactions to Hayden Davis, a co-founder of the meme coin. Davis previously worked on another controversial token, LIBRA, which briefly surged after Argentine President Javier Milei endorsed it, then quickly collapsed.
Bubblemaps also revealed that wallets tied to the MELANIA team control roughly 92% of the token’s total supply. Critics argue that this level of centralization raises red flags over potential market manipulation.
As a result of these concerns, MELANIA has seen its price collapse. After reaching a high of over $13 earlier this year, the token has dropped by over 96% to an all-time low of $0.38, according to data from BeInCrypto.

However, the steep decline reflects both internal turmoil and broader weakness in the meme coin sector. Investor appetite for high-risk tokens appears to be fading amid global uncertainty and a more cautious market sentiment
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Market
Charles Schwab Plans Spot Crypto Trading Rollout in 2026

Charles Schwab, one of the largest brokerage firms in the United States, is preparing to launch a spot cryptocurrency trading platform within the next year.
This marks a major move by one of the most trusted names in traditional finance and shows that demand for crypto investment options continues to climb.
Charles Schwab Eyes Crypto Expansion
During a recent earnings call, Schwab CEO Rick Wurster said the firm is optimistic about upcoming regulatory changes that could allow it to fully enter crypto trading.
“Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto and our goal is to do that in the next 12 months and we’re on a great path to be able to do that,” Wurster explained.
This move would allow the company to offer direct access to spot crypto trading and place it in direct competition with major players like Coinbase and Binance.
While the company already offers crypto-related products such as Bitcoin futures and crypto ETFs, the addition of direct trading would significantly expand its crypto portfolio. According to the CEO, engagement on these products has grown rapidly in recent months.
Wurster revealed that visits to the firm’s crypto-focused content have surged 400%. Of that traffic, 70% came from users who are not yet customers, showing a growing appetite for digital asset investments.
Wurster’s confidence in crypto aligns with the Trump administration’s efforts to introduce a clearer regulatory framework for digital assets. Compared to past years, progress on crypto legislation and oversight has accelerated, especially among key regulatory bodies like the SEC.
If these improvements continue, Schwab could debut its spot crypto trading platform before mid-2026. The firm believes its reputation in traditional finance gives it a strategic advantage in expanding into the crypto space.
Meanwhile, Schwab is already dipping its toes into the sector through its role as custodian for Truth.Fi, an upcoming digital investment platform launched by Trump Media and Technology Group. Truth.Fi plans to offer a mix of Bitcoin, separately managed accounts, and other crypto-linked products.
Indeed, Schwab’s potential entry into the sector has drawn attention from other industry leaders. Asset management firm Bitwise CEO Hunter Horsley described the brokerage firm’s move as a milestone in crypto’s transition to mainstream finance.
Rachael Horwitz, Chief Marketing Officer at Haun Ventures, echoed that sentiment and encouraged Schwab to consider crypto-collateralized lending as a future offering.
“Schwab should implement crypto-collateralized lending as part of its banking services next,” Horwitz said.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says

A long-time supporter of XRP who is not afraid to speak his mind has issued stunning predictions concerning the future value of the cryptocurrency. His assertions have both interested and confused investors.
Investor Forecasts 50-Fold Return On XRP
As per the Alpha Lions Academy founder Edoardo Farina, an investment of $1,000 in XRP today can increase to more than $50,000 in the future. The estimate is based on the altcoin crossing Farina’s desired price target of $100 per token, from its current value of around $2.
“Buying $1,000 worth right now is really buying over $50,000 in the future when $XRP hits $100+”, Farina tweeted recently.
Farina previously revealed he will not sell any of his XRP holdings until the price reaches at least $100 per token. He terms the coin as sitting at the hub of what he refers to as a “multi-generational pump” and points out its potential function within the international finance system.
XRP @ $2
Buying $1,000 worth right now is really buying over $50,000 in the future when $XRP hits $100+
50x return
— EDO FARINA 🅧 XRP (@edward_farina) April 18, 2025
Minimum Holdings Suggestion Sparks Skepticism
According to reports, Farina urges retail investors to own a minimum of 1,000 XRP tokens. He asserts that such an amount is the minimum one needs in order to take advantage of the use and greater adoption of XRP in the future.
Such opinions regarding the issue have been unequivocal. Farina has reportedly said that individuals who have fewer than 1,000 XRP tokens “don’t care enough about their financial success” and called possessing less than that amount “insanity.”
Though these comments represent Farina’s individual investment strategy, they echo a developing perception among XRP enthusiasts that the asset is undervalued and poised for strong growth if regulatory clarity increases and more businesses embrace it.
Doubters Challenge The Life-Changing Assertions
Not everyone shares Farina’s positive perspective. Doubters have raised issues with his assertion that $1,000 in XRP today may be worth $50,000 someday.
One critic pointed out that even if XRP hits $100 and converts $1,000 into $50,000, this may not be sufficient for early retirement. The remark points out that what appears to be a good return may not necessarily be the life-altering wealth many investors expect.
Questions also arise regarding if XRP will ever hit the $100 level, and if so, how long it would take to arrive there.
Price Target Timeline Indicates Long Way To Go
The journey to $100 looks long for XRP, which is currently trading at about $2. It would need a nearly 5,000% rise from where it is now to reach $100.
Featured image from Pexels, chart from TradingView
-
Altcoin20 hours ago
Analyst Reveals Dogecoin Price Can Reach New ATH In 55 Days If This Happens
-
Market20 hours ago
Binance Mandates KYC Re-Verification For India Users
-
Altcoin23 hours ago
Pi Coin Price Soars As Pi Network Reveals Massive Community Reward Plans.
-
Altcoin15 hours ago
Cardano Bulls Secure Most Important Signal To Drive Price Rally
-
Market22 hours ago
SCR, PLUME, ALT Tokens Unlocking This Week
-
Market23 hours ago
Ripple Takes Asia By Storm With New XRP Product, Here Are The Recent Developments
-
Market21 hours ago
Aptos Seeks to Cut Staking Yield by 50% to Spur Network Growth
-
Bitcoin17 hours ago
Swiss Supermarket Chain Welcomes Crypto Payments