News about memecoins

SkyBridge Capital founder Anthony Scaramucci blames Trump’s crypto business interests and memecoin launches for derailing the CLARITY Act, saying they cost the bill Democratic support. He says the memecoin launches shortly before Trump’s January 2025 inauguration undermined bipartisan momentum, while disputes over ethics restrictions also stalled talks, with both sides responsible. The Senate’s procedural motion on Sept. 15 received 49 votes in favor and 50 against, short of the 60 required. Public Citizen estimated investors incurred at least $4.7 billion in largely unrealized losses across Trump-related crypto ventures, including $3.2 billion tied to the Official Trump (TRUMP) memecoin. Scaramucci also said the SEC under Chair Paul Atkins could help tokenization reach “escape velocity,” though it is too early to know whether that happens before the next administration.

The Office of Government Ethics released President Donald Trump's certified 2025 annual financial disclosure in June, reporting more than $1.4 billion in income tied to crypto ventures. Nearly $800 million came from World Liberty Financial, which he co-founded with his sons, including token sales and the sale of business interests, while the $TRUMP memecoin generated another $635 million. The figure reflects reported income rather than necessarily personal investment profit, and Trump said his sons run the family's businesses and that 'we have funds that run my money.' In 2021, he had called Bitcoin 'a scam' that competed against the dollar, saying he wanted the dollar to be the currency of the world.

An Argentine federal judge dismissed the criminal case against President Javier Milei over his promotion of the memecoin LIBRA, ruling that his endorsement and the token's later collapse did not establish fraud without evidence of a specific deception. Eleven people were cleared, including Milei's sister Karina and U.S. businessman Hayden Davis, though none had been formally questioned. LIBRA lost more than 95% of its value after reaching about $5, while eight wallets linked to its creator withdrew around $99 million in crypto. The presidency called the probe an attempt to harm Milei's reputation, and the prosecutor is not expected to appeal. Investors who were removed as plaintiffs are challenging that decision, and if reinstated they could appeal the dismissal.

Illuvium co-founder Kieran Warwick warns that AI tools could unleash a flood of short-lived crypto 'meme games' that attract the same speculators who drove the late-2024 memecoin boom. Development now takes days and around $1,000, and he predicts as many as 100,000 such games could launch within a year. Warwick says this is probably not good for crypto gaming in the long run, and Animoca Brands CEO Robby Yung agrees such games are unlikely to last. DappRadar data shows gaming dApps hold just $232.2 million in total value locked across 2,356 apps, while CoinGecko data shows the memecoin sector's market cap fell from $150.6 billion in December 2024 to $47.2 billion by November 2025.