The Shib News Recap: Tuesday

In today’s headlines, the spotlight is on the significant market performance of Shiba Inu Treat ($TREAT) on KuCoin. Mark Cuban’s encouraging comments about Shiba Inu further contribute to the excitement, suggesting a bright future for the Shib ecosystem. Meanwhile, ongoing leadership shifts in crypto regulation and the possibility of Ross Ulbricht’s pardon are also stirring conversations.

Shiba Inu Treat ($TREAT) Rallies 111%; Mark Cuban Recognizes Shiba Inu’s Viability

$TREAT has surged 111% in the past 24 hours, which led to it becoming a top gainer on KuCoin. It surpassed notable tokens like $OBT and $SWARMS during this period. $TREAT is part of the growing Shiba Inu ecosystem. This momentum, along with ongoing developments, suggests that the token may continue to rise as Shiba Inu continues to expand.

In other Shib ecosystem news, Mark Cuban recently declared Shiba Inu as one of the very few meme coins that actually “worked.” He proposed a new meme coin with a 20% float to support the U.S. Treasury, reflecting on the current meme coin trend. Cuban noted that only a few meme coins, like Doge and Shiba Inu, have succeeded. Shiba Inu’s lead visionary, Shytoshi Kusama, responded to the post, inviting Cuban to a call to explore the technology behind Shiba Inu.

Regulatory Shifts: New Acting SEC Chair and Acting CFTC Chair

Following President Trump’s inauguration, Mark Uyeda was appointed as the acting SEC chair. A Republican commissioner since June 2022, he succeeded Gary Gensler, who often clashed with the finance and crypto sectors. Uyeda’s past criticisms of the SEC’s unclear guidance on crypto registration may resonate with industry players. He has prior experience advising Senator Pat Toomey and working with California’s securities regulator.

Meanwhile, the CFTC has appointed Caroline Pham as its acting chair after a vote by the commissioners. She replaces Rostin Behnam until a permanent chair is nominated by President Trump and confirmed by the Senate. Pham expressed her gratitude for the opportunity and looks forward to engaging with stakeholders. She has been a CFTC commissioner since April 2022 and has advocated for digital asset regulation.

Ross Ulbricht’s Pardon Expected Soon, Says Elon Musk

Elon Musk has stated that Ross Ulbricht, the creator of the Silk Road marketplace, will be pardoned by President Trump. Musk’s comment on X suggested Ulbricht’s release is imminent. Although Trump promised to commute Ulbricht’s sentence on his first day as president, no official action has been taken so far. Angela McArdle, chair of the Libertarian National Committee, anticipates the pardon will happen within the next two days.

Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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