Changpeng Zhao (CZ): "Until a New Record is Set, Everything is Just a Dip"

✏Binance founder Changpeng Zhao (CZ) commented on the crypto market downturn, urging investors to focus on the long term. "By definition, any movement below the all-time high (ATH) is just a dip," he wrote on X.

✏According to him, the key question is whether a given token can reclaim its ATH.

Zhao believes only a few "strong" tokens are capable of this. He advises focusing on coins with long-term growth potential and the ability to maintain their market position.

Democratic Senator Demands Ban on Trump and Officials Promoting Cryptocurrencies

📰United States Senator Adam Schiff of the Democratic Party has introduced a bill aimed at prohibiting government officials and their family members from participating in the issuance or promotion of cryptocurrency assets. The restrictions apply to the President, Vice President, members of Congress, and their immediate relatives.

✏The document, titled the COIN Act (Curbing Officials’ Income and Nondisclosure), imposes a ban on the issuance, promotion, and sponsorship of digital assets, including memecoins, NFTs, and stablecoins. The restrictions will be in effect 180 days before and for two years after the end of an official's term.

⚙️Schiff stated that cryptocurrency projects associated with Donald Trump raise serious ethical, legal, and constitutional concerns regarding the monetization of presidential power.

🔎"We need much stricter oversight of the President’s financial ties to prevent him or anyone else from personally profiting from such schemes," the senator declared.

▪️The Trump-linked company World Liberty Financial has been gaining increasing prominence in the crypto market. According to the latest financial reports, in 2024, Donald Trump personally earned $57.35 million from the sale of the project’s tokens.

During a gala dinner organized by Trump’s team for the largest holders of the TRUMP memecoin, a protest took place, with participants holding signs bearing slogans such as "Stop crypto-corruption." In a comment to the media, the President’s son, Eric Trump, called the protesters "paid actors."