This week, the spotlight is on President Donald Trump’s plans, the new SEC chair’s critiques, and numerous events in the crypto industry.
Trump’s Dinner with TRUMP Token Holders
President Donald Trump is set to host an 'intimate private dinner' on May 22 at Trump National Golf Club for 220 top holders of TRUMP tokens. The top 25 token holders will receive additional privileges, including a pre-dinner reception with the President and a White House tour. Organizers of the dinner indicate they may cancel or reschedule the event at their discretion. If Trump cannot attend or the event is canceled, qualified token holders may receive a limited-edition TRUMP NFT.
New SEC Chair Critiques Previous Leaders
Recently sworn-in SEC Chair Paul Atkins delivered his first address and criticized the agency’s previous approach, citing a lack of innovation due to market and regulatory uncertainty. He stated that many tokens were not registered as securities and existing laws needed clearer interpretation.
Strategy Purchases More Bitcoin and Other Key Events
Michael Saylor’s company, Strategy, purchased an additional 6,556 Bitcoin for $555.8 million between April 14-20. Meanwhile, the Indian cryptocurrency exchange WazirX is preparing to resume operations following a $230 million security breach.
The week was marked by significant events in the cryptocurrency sector, including Trump’s dinner plans, the new SEC chair's critique, and the increase of Bitcoin holdings.
