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🇺🇸 Banned, Broke & Backlogged: Trump Can’t Buy Bitcoin, and Crypto’s Having a Meltdown

🇺🇸 Banned, Broke & Backlogged: Trump Can’t Buy Bitcoin, and Crypto’s Having a Meltdown

November 6, 2025 | Market Mood: Borderline panic 😵‍💫

DayTrading Dispatch
November 07, 2025

🔥Featured: ⚖️ “President Banned From Crypto?”. Ro Khanna’s Wild Bill to Ban the President From Holding Crypto

In a move straight out of a political thriller, Ro Khanna just introduced a bill to ban the President, Congress, and their families from owning or trading crypto. And yes — it’s aimed squarely at Donald Trump and his crypto‑ventures.

What Sparked It: Trump pardoned Binance founder CZ, just as reports linked Binance to his family’s crypto project, WLFI.
The Backlash: Now Ro Khanna’s pushing a bill to ban Presidents and Congress from owning crypto entirely.
What’s Inside: No coins, no tokens, no “consultant wallets”. Just a hard stop for public officials.
Why It Matters: If lawmakers can’t hold crypto, who should be writing the rules?

👉 Read the full breakdown »

💀 📊 This Week in Chaos

📈 Bitcoin’s $103K Comeback?

BTC briefly recovered above $103K before sellers crushed the rally. ETF inflows fizzled fast, and on-chain data shows whales have been quietly offloading since mid-October.

👉 Is $100K the new battleground?

🏛 36-Day U.S. Shutdown Freezes Crypto Legislation

The longest shutdown in history now has the crypto space on ice. No GENIUS Act. No stablecoin law. Just more D.C. drama.
👉 Can crypto markets survive another week of paralysis?

💬 Trump’s “Bitcoin Superpower” Pitch; Big Talk, No Policy

At a Miami forum, Trump promised the U.S. will “own Bitcoin.” Yet, no federal BTC buy‑in has appeared. Markets aren’t impressed.
👉Bold pitch or another crypto campaign stunt?

💼 Coinbase Fights Treasury Over the GENIUS Act

Coinbase is calling out the feds, demanding protections for open-source devs and warning that the GENIUS Act targets the wrong players. Treasury’s ghosting. Markets are watching.
👉 The fight for crypto innovation vs. regulation just got real.

🧪 Poll of the Week

Should Politicians Be Allowed to Own Crypto?

With Ro Khanna trying to ban the President and Congress from touching digital assets, we’re wondering... Who do you trust less with your bags?

👉 Vote wisely, before they outlaw voting too.

📚 RESOURCES WE LIKED THIS WEEK

🕯️ Candlestick Charts 101: Stop Guessing, Start Reading

Finally understand what those red and green sticks are actually telling you.
👉 Master chart reading like a pro ›

💰 What Is Fully Diluted Valuation (FDV) in Crypto?

FDV can make or break your altcoin bets. Here’s how to read it before aping in.
👉 Get smart about token valuations ›

🧠 A Beginner’s Guide to Crypto Slang

From WAGMI to bagholders, learn the lingo before you embarrass yourself in a Discord.
👉 Decode crypto-speak like a native ›

⚙️ Altcoin Mining Guide 2025: Profit, Rigs, and Software

Mining’s not dead, it’s just evolved. Here’s how to start stacking coins the right way.
👉 Start mining smarter ›

📊This Week’s Big Movers

☝️Felis (FELIS) +2758% ☝️ORBIO (ORBIO) +2399% ☝️Dash (DASH) +165%

☝️Decred (DCR) +152% ☝️Giggle Fund (GIGGLE) +131% ☝️Internet Computer (ICP) +102%

👇LadyLuck (LUCKY) -100% 👇FlowFi (FLOW) -97% 👇CATX (CATX) -95%

👇ChainOpera AI (COAI) -64% 👇Paparazzi Token (PAPARAZZI) -58% 👇Humanity (H) -44%

👇SPX6900 (SPX) -30% 👇Ethena (ENA) -24%

🔮 What to Watch Next Week

Big money is moving. Keep an eye out on these:

Nov 6–7 | TradFi x Crypto Summit:
TradFi and crypto leaders meet; expect big-name integrations and some surprise pairings.
Nov 7–13 | Bitcoin Price Swings:
BTC’s stuck between $107K–$121K. Sentiment test incoming; will it break… or fake?
Nov 12 | The Bridge, NY:
Biggest TradFi–Web3 meetup of the month. If there’s a deal brewing, it starts here..
All Week | Policy & Shutdown Debates:
Shutdown still frozen, so are crypto laws. Markets hate limbo, so brace for chop.
All Week | Altcoin Accumulation: Whales quietly loading AI, meme, and L1 bags — early rotation signs.