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Donald Trump’s direct involvement in the cryptocurrency world is leading to major hurdles towards the realization of his crypto agenda. This week, the GENIUS Act , a significant piece of legislation to set up federal regulations for stablecoins, could not pass through the Senate. The reason for disagreement is the fear of conflicts of interest, especially concerning Trump’s crypto businesses, such as his meme coins. The GENIUS Act had received bipartisan support, with both Democrats and Republicans acknowledging the need for stablecoin regulation. However, the support began to fade because of the $TRUMP meme coin, which had surged in value following Trump’s endorsement and controversial promotions. One such promotion, whereby top holders of the coin received a dinner with the president and a VIP White House tour, the coin’s value skyrocketed. Critics, such as Senator Richard Blumenthal, D-Conn. referred to this as a “pay-for-play scheme,” describing that this was a conflict of interest. Related: CZ Dissociates Self From TRUMP Meme Coin, Confirms Owning None Senator Jeff Merkley, D-Ore., challenged the president over his financial entanglements. He stated: <blockquote> Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls </blockquote> He asserted that it is a corrupt practice that endangers national security and erodes public confidence in the government. Merkley’s comment aligns with increasing anxiety in the legislature over Trump’s involvement with the crypto industry. Trump’s crypto activities are not limited to meme coins. World Liberty Financial launched a stablecoin when its administration lobbied for slacker crypto regulations. According to reports , Trump’s stablecoin was involved in a $2 billion investment by an Abu Dhabi-based MGX into the crypto exchange Binance , which further raises concerns of conflicts of interest. The GENIUS Act was defeated in the Senate on Thursday, with 48 votes when 60 were needed. Such a setback came as a result of a withdrawal of support from various Senate Democrats, including Sen. Lisa Blunt Rochester of Delaware. They raised concerns over Trump’s financial conflicts of interest, and they urged for stronger anti-money laundering measures. In spite of the setback, some legislators have a ray of hope for future legislation. Sen. Kirsten Gillibrand stressed that strong regulations on stablecoins are necessary. However, worries regarding Trump’s financial relations could slow down the work of implementing a clear regulatory framework for the burgeoning cryptocurrency market. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$PENGU Range low → Range high rotation in play. Currently holding mid-range well Expecting continuation higher towards range highs next. Clear invalidation on a break back below mid-range. Longed.

if sidelined..zoom out and play the ltf consolidations which early in phase lead to expansion. if this makes no sense then do nt do it

Big news in the digital collectibles space! The popular NFT project, Pudgy Penguins, is expanding its universe in a significant way. They’ve just announced the launch of their brand-new multiplayer game, aptly named Pengu Clash. This isn’t just any game; it’s built on TON blockchain, bringing the charming Pudgy Penguins characters to life in an interactive format accessible to a wide audience. Pengu Clash is the latest venture from the Pudgy Penguins team, designed to offer a fun and engaging experience centered around their beloved characters. At its core, it’s a multiplayer game featuring a collection of mini-games. Think quick, accessible gameplay that anyone can jump into. The announcement highlights games like darts, soccer, and bombing, suggesting a variety of casual competitive activities. The choice to build on TON blockchain is particularly noteworthy. TON, or The Open Network, is closely associated with the Telegram messaging platform, boasting a massive potential user base and technical advantages suitable for gaming: This move positions Pengu Clash to leverage a blockchain platform optimized for widespread adoption and frequent interactions, key elements for successful NFT games. For holders of Pudgy Penguins NFTs, Pengu Clash represents an exciting new utility and interaction layer. While the initial announcement focuses on accessibility and fun mini-games, the long-term vision likely involves deeper integration with the existing NFT collection. Players might be able to use their specific Penguin NFTs within the game, unlock unique cosmetic items, or participate in exclusive events tied to their digital assets. This expansion into interactive experiences is a natural progression for a successful NFT brand. It moves beyond static collectibles, offering dynamic ways for the community to engage with the IP. By launching Pengu Clash, Pudgy Penguins is building out a more comprehensive digital ecosystem, providing value and entertainment to both existing holders and new fans discovering the brand through gaming. The launch of Pengu Clash is a prime example of the growing trend in Web3 games. These games integrate blockchain technology, often allowing players true ownership of in-game assets (like the potential for NFT integration here) and sometimes incorporating play-to-earn or play-and-earn mechanics. Unlike traditional games where assets are locked within the game’s servers, Web3 games built on platforms like TON blockchain can potentially offer players more control and interoperability. While Pengu Clash appears to be focused on accessible fun initially, its foundation on TON provides a pathway for future Web3 features that could include tradable items, tokens, and community governance aspects. This move signals confidence in the future of blockchain gaming and its ability to reach a mainstream audience, especially when paired with a recognizable brand like Pudgy Penguins and a user-friendly platform like TON. The success of projects like Pudgy Penguins launching dedicated experiences like Pengu Clash is crucial for the evolution of NFT games. It demonstrates a commitment to building lasting value and utility beyond the initial collectible phase. For the community, it means more ways to interact with the brand and each other. Multiplayer mini-games are inherently social, fostering connections among players. The accessibility on TON blockchain aims to lower the barrier to entry, potentially bringing in players who are new to NFTs or Web3 entirely. This could serve as an onboarding point for the broader TON and Telegram ecosystems. Currently, players interested in experiencing Pengu Clash should look for official announcements from Pudgy Penguins regarding game availability and platforms. As it’s built on TON blockchain, access might involve using a TON-compatible wallet. Keep an eye on Pudgy Penguins’ official social media channels and website for direct links and instructions on how to join the fun and start playing the mini-games. The launch of Pengu Clash marks an exciting new chapter for the Pudgy Penguins brand. By venturing into interactive multiplayer gaming on the robust TON blockchain, they are not only expanding their digital ecosystem but also contributing a fun and accessible title to the growing world of Web3 games and NFT games. This move leverages the strengths of both the popular NFT collection and the performant blockchain platform, setting the stage for potential growth and engagement within their community and beyond. It will be fascinating to watch how Pengu Clash evolves and integrates further utility for Pudgy Penguins holders on TON. To learn more about the latest crypto market trends, explore our article on key developments shaping Web3 gaming and NFT adoption. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

It’s 2025, the year of the #BTC Parabolic rally into a new Bull Market peak This phase of the cycle only comes around once every four years This could very well be one of the most defining years of your life, if you play it right $BTC #Crypto #Bitcoin