Hacker News with Generative AI: Memecoins

Donald Trump's crypto project netted $350M from presidential memecoin (ft.com)
Strategic Corruption Reserve (popular.info)
President Trump is hawking a memecoin and collecting most of the revenue from the sale of a separate coin from a company called World Liberty Financial. Meanwhile, Trump is plowing ahead with his plan to create a federal "Crypto Strategic Reserve."
SEC Declares Memecoins Are Not Subject to Oversight (nytimes.com)
The Securities and Exchange Commission said on Thursday that so-called memecoins — novelty digital assets — are not subject to regulatory oversight because they are not considered securities.
Javier Milei backtracks on $4.4B memecoin after 'insiders' pocket $87M (coindesk.com)
Argentina's president Javier Milei has backtracked on a tweet promoting a memecoin called Libra, which rose to a $4.4 billion market cap before plunging by more than 95%.
Argentinian president backs away from LIBRA memecoin after 90% crash (dlnews.com)
Argentinian President Javier Milei is now distancing himself from the catastrophic launch of the Solana-based memecoin $LIBRA, which saw its market cap collapse from $4.5 billion to just $200 million within hours.
Trump Memecoin Shows Limits of Crypto's Democratization Pitch (bloomberg.com)
At 9 p.m. on Jan. 17, then President-elect Donald Trump announced to his more than 8 million followers on TruthSocial that he was releasing his own crypto memecoin.
John McAfee 'returns from the dead' to promote a memecoin on Elon Musk's X (mashable.com)
If enough hasn't already happened this week – John McAfee is apparently back from the dead.
A kid made $50k dumping crypto he'd created – then came the backlash (wired.com)
In less than 10 minutes, a US teen made a small fortune selling off a memecoin he’d made on a lark. Traders, feeling swindled, sought revenge.