The Trump memecoin chaos: House Democrats call for ethics probe, lawyers predict lawsuits

Rise’n’Crypto

There is an air of uncertainty around the macroeconomic situation in the United States and it’s affecting crypto, but fortunately for the podcast, there are fascinating some stories unfolding. Firstly — and we all saw this coming — things are heating up around President Donald Trump’s memecoin launch, with House Democrats calling for an ethics probe and lawyers suggesting there are lawsuits in the pipeline. Then, at the World Economic Forum, the idea of a US strategic Bitcoin reserve is sparking debates as Cointelegraph’s managing editor probes the thoughts of the Coinbase CEO on stage. And finally, Solana hit an all-time high off the back of this weekend’s madness, but with a hefty correction since. What is needed for it to chase down that $300 target once again?
Further reading:

• Why is the crypto market down today?
• House Democrats want ethics probe on Trump over crypto projects
• Trump memecoins set to be sued — but to what end?
• Bitcoin can hit $700K amid currency debasement fears — BlackRock CEO
• US Bitcoin reserve idea sparks Davos debate on crypto’s future
• Solana price rallies to $272, but what will it take for SOL to hit new highs?

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