The post Trump to Attend Meme coin Gala Despite Token Slump Amid Market Downturn appeared first on Coinpedia Fintech News

US President Donald J. Trump is set to attend the “crypto and business conference” at Mar-a-Lago on April 25. Marketed by Trump-linked company Fight Fight Fight LLC, the gala luncheon features exclusive entry for the top 297 holders of the TRUMP memecoin and a reception for the top 29 holders.

Performance of Trump-associated meme coins: TRUMP and MELANIA

That said, insider sources note that Trump’s attendance remains unconfirmed, as the White House Correspondents’ Dinner is set for the same day.

Source: GetTrumpMemes

While the occasion has seen heavy marketing on the Trump meme coin website and social handles, it has done little to help the prices of those coins amid a wider market downturn.

Ranking 64th by market cap, the TRUMP meme coin was trading at $2.97 at press time, down 1.97% in the past day. The coin now faces major resistance at $2.80, with a high of $3.06 recorded yesterday and this week.

Launched in January 2025 on the Solana blockchain, the meme coin began trading at $0.18 before surging to $75 over 48 hours. The price has since declined by over 90% from this peak. Coinpedia now predicts potential highs of $14-$42 in 2026, and $212.25 by 2030.

Source: CoinMarketCap

The other Trump-related meme coin is MELANIA, named after the president’s wife and current First Lady of the US. At press time, the coin was trading at $0.1099, down $2.27% in the last 24h. 

Launched shortly after the TRUMP memecoin, MELANIA began trading at $0.11, then rallied to $13.73 before declining by 99.21% to its current price.

Source: CoinMarketCap

Public sentiments on the coins

The price action of the pair highlighted the impact of celebrity branding on the meme coins they endorsed, while raising concerns about investor protection following their conspicuous price decline.

As for the recent event, community reaction ranges from sarcasm about TRUMP coin dormancy to optimism about its future price action to criticisms that meme coins’ inherent volatility is wiping out investor funding and profits.

I bought the shoes and the NFTs and sadly neither has panned out as of now

The NFT account has been dormant for a year

— Phil (@TradingwithPhil) April 9, 2026

The post US Treasury Secretary Urges Passing CLARITY Act to Secure Financial Edge appeared first on Coinpedia Fintech News

US Treasury Secretary Scott Bessent is once more calling for the urgent expedition of the CLARITY Act into law, warning that further delays risk loss of US prominence in global economics. 

Bessent nudges fast-tracking of the CLARITY Act

Bessent compared the legislation’s development to that of Singapore and Abu Dhabi, nations that already have clear rules set for the cryptocurrency and blockchain industry. He urged the US to align with the Trump administration’s goal of making it a “crypto capital of the world.”

Additionally, the Secretary argues that the current lack of regulation is fueling volatility in the crypto market and triggering risk-averse sentiment among investors.

Bessent is now campaigning for Senate approval of the CLARITY Act in April and a presidential signing before the first half of this year. This timeline prevents the mid-term election season from further delaying the bill later this year.

In closing, Bessent criticized “recalcitrant actors” and “nihilists”, saying their preference for zero regulation is a hurdle to the nation’s development.

Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance.

It is time for @BankingGOP to hold a markup and send the CLARITY Act to President Trump’s desk.

Senate time is precious, and now is the time to act.

— Treasury Secretary Scott Bessent (@SecScottBessent) April 9, 2026

The bill’s previous and future progress

Since its introduction last year, the CLARITY Act has been held up due to the disagreement between stablecoin issuers and banking institutions over stablecoin yield. Banks have argued that the yield undermines their retail deposits, posing significant challenges to their financial models.

However, White House economists recently refuted these claims, saying such a ban would pose no threat to bank deposits but would hurt consumer welfare.

Currently, the bill has a 70% chase of passing the Senate before the first half of this year. Should it become law, it would define the roles of different regulatory agencies in the crypto industry. It would also underpin a “pro-innovation” stance rather than strict enforcement. Furthermore, it would unlock trillions of dollars from institutional investors, who largely remain on the sidelines due to legal obscurity.

The post Why Prohibiting Interest-Bearing Stablecoins Fails to Protect Banks appeared first on Coinpedia Fintech News

Following multiple requests from the US Senate Banking Committee for research on stablecoins, the White House Council of Economic Advisers (CEA) has published a study concluding that stablecoins and their yields pose no threat to bank deposits.

According to the report, eliminating interest on stablecoins would increase banks’ lending capacity by a mere 0.02% (roughly $2.1B), while increasing consumer welfare costs to $800 million.

Stablecoin yields pose negligible threat to bank deposits

The report simulated a worst-case scenario in which the stablecoin market grew to roughly six times its current size, its reserves were non-lendable, and the Federal Reserve renounced its current financial policies. 

In such an “implausible” case, bank lending would only grow by 6.7% ($129B). The study also found no case in which welfare was positive with a stablecoin yield ban.

The economists added that fear of “capital flight” from banks was “quantitatively small,” noting that most stablecoin reserves remain within the traditional banking system. Contrary to the recently issued FDIC (Federal Deposit Insurance Corporation) guidelines, the report concluded:

“In short, a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings.”

Source: whitehouse.gov

Coinbase, banks, and community reaction

Coinbase, a key player in shaping crypto policy, saw its executives strongly support the White House findings. Chief Policy Officer Faryar Shirzad said the report concurred with other previous analyses that also concluded:

“Stablecoins are an opportunity and not a threat.”

The headline says it all:

"White House Economists Say Stablecoin Rewards Won't Harm Banks" https://t.co/x36Y1lDKrv pic.twitter.com/rZ5iVlNvQi

— Brian Armstrong (@brian_armstrong) April 8, 2026

That said, banks remain unconvinced, according to one insider. The source noted that even when stablecoin reserves return to the bank, they “don’t always come back in the same form.” Additionally, the source noted that stablecoin yields would prompt large outflows from banks, forcing institutions to restructure their entire lending systems to maintain stability.

Community reaction is largely supportive of the White House study, as it legitimizes the global adoption of stablecoins. The research is now a substantial point of reference for the CLARITY Act, which is expected to receive a markup in April and move to Senate voting in May.

The post YouTube Bans Bitcoin.com: Latest Strike in War on Crypto Content appeared first on Coinpedia Fintech News

Video streaming platform YouTube has deleted the high-profile (100,000+ subscribers) and decade-old channel Bitcoin.com out of the blue, claiming its content is “harmful and dangerous.”

In retaliation, Bitcoin.com insisted it has always posted educational content about Bitcoin (BTC), including wallet tutorials and objective news. It also called out YouTube’s AI for unfairness in moderation, saying “crypto scam ads run 24/7 with zero moderation.”

The platform now laments that YouTube has rejected its appeals, causing its visitor count to dwindle due to broken video embeds.

Source: X

YouTube Ban Targets Bitcoin and Crypto Channels

Similar channels that received comparable deletions in the past include BTCsessions, which YouTube deplatformed three times between 2019 and 2025. The account’s most recent ousting for “severe and repeated violations” was lifted shortly after widespread community backlash.

In September 2025, the Luke Mikic Bitcoin-focused page suffered the same fate, but YouTube lifted the restriction on the same day following a rapid appeal.

In early 2026, YouTube initiated a wave of profile purges, including several well-publicized crypto-focused channels. Outlaws lost a collective 35 million subscribers while demonetization cost them millions of dollars in revenue. April 2026 saw the expulsion of Bitcoin Magazine for “low-quality and repetitive content” – its second ban in four years.

Community Reaction

While YouTube remains silent on the recent blacklisting, its CEO, Neal Mohan, has reiterated the platform’s creator-first approach. Nonetheless, crypto YouTube viewership dropped to a five-year low in 2026 as retail interest faded. 

The X community has largely supported crypto YouTubers, saying claims of policy violations were false and that bans should be a last resort, given that they affect people’s livelihoods. 

Banning channels should always be a last resort, not automated in any way.

It's people's lives. They put a lot of work into it, years, and then you just ban it automatically.
It's not respectful.

— James CryptoGuru (@Jamyies) April 8, 2026

Responses also encourage seeking alternative ways to reach one’s audience, including Odysee, email lists, Substack, Spotify, Rumble, and decentralized messaging apps.

In the latter category is Jack Dorsey’s Bitchat and similar Dorsey-supported platforms like Nostr and Bluesky. While still in its experimentation phase, Bitchat fosters communication independent of control from centralized organizations, the internet infrastructure, and service providers.