PANews reported on November 25th that World Liberty (WLFI), a crypto project associated with the Trump family, announced on Monday that it would invest in the Meme coin Sht Pss Skin Can (SPSC). According to DEX Screener data, the token's price immediately surged, rising by at least 143%. SPSC is reportedly a tribute to World Liberty co-founder Chase Herro. Herro is rumored to have stated in 2018 that a well-told story could sell for "$1 billion." WLFI posted on its official X platform account: "Buying SPSC because Meme coin market participants are finally starting to chase USD1. If they're going to issue a token commemorating our WLFI co-founder…we're in." Herro subsequently retweeted this message with a jar emoji. Following the post, the SPSC token price initially rose and then fell. Currently, the token is up 130% on the day, trading at approximately $0.0063, with a market capitalization of $6.8 million.
According to Arkham data, if the WLFI team truly intends to purchase SPSC tokens, the project does not appear to have begun accumulating them yet. The project's treasury currently holds over $7.4 billion in value, of which $7.1 billion is in WLFI tokens.


Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
