{"id":378935,"date":"2021-12-10T04:01:58","date_gmt":"2021-12-10T01:01:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/congressman-jokes-about-a-mongoose-coin-now-it-exists\/"},"modified":"2021-12-10T04:01:58","modified_gmt":"2021-12-10T01:01:58","slug":"congressman-jokes-about-a-mongoose-coin-now-it-exists","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/congressman-jokes-about-a-mongoose-coin-now-it-exists\/","title":{"rendered":"# Congressman jokes about a Mongoose Coin: Now it exists"},"content":{"rendered":"<p>&#8220;<strong># Congressman jokes about a Mongoose Coin: Now it exists <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYjYyMmRkOWUtMzg3Yi00MTM5LWE5NzgtMWI2MzdkZDBjNjY5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Democratic representative for California Brad Sherman joked about how ridiculous a \u201cMongoose Coin\u201d would be on Wednesday \u2014 and by Friday it had become a reality. <\/p>\n<p>During Wednesday\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/financialservices.house.gov\/events\/eventsingle.aspx?EventID=408705\">hearing<\/a> on crypto at the House Financial Services Committee, Sherman spun a tale of an old woman who swallows bigger and bigger animals to eat the animals previously swallowed. <\/p>\n<p>He likened this fable to cryptocurrencies dethroning each other, explaining that Bitcoin (BTC) could be unseated by Ethereum (ETH), which in turn could be displaced by Dogecoin (DOGE), and then Hamster Coin, and then Cobra Coin. <\/p>\n<p>\u201cWhat could Mongoose Coin do to Crypto Coin?\u201d he asked. The African animal is of course known for eating other animals, including cobra snakes. It&#8217;s a metaphor, geddit?<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Rep. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BradSherman?ref_src=twsrc%5Etfw\">@BradSherman<\/a>: &#8220;The number one threat to cryptocurrency is crypto. Bitcoin could be displaced by Ether, which could be displaced by Doge which could be displaced by HamsterCoin and then there&#8217;s CobraCoin what could MongooseCoin do to CryptoCoin?&#8221; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/iHbHaikpx0\">pic.twitter.com\/iHbHaikpx0<\/a><\/p>\n<p>\u2014 CSPAN (@cspan) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cspan\/status\/1468673104985661440?ref_src=twsrc%5Etfw\">December 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nSense of humor firmly intact, the crypto community responded by minting a batch of tokens relating to the speech overnight on Avalanche (AVAX), Polygon (MATIC) and Binance Smart Chain (BSC). <\/p>\n<p>The first coin that sprung into existence was Mongoose Coin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.dextools.io\/app\/ether\/pair-explorer\/0x450e653a0a125a1dc36d3901d3cce2e2287df0c2\">$MONG<\/a>), which has a total market cap of $18.74 million with just under 3000 holders. \u201cNamed by Congress. Made by the Mongress,\u201d states the coin\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mongoosecoineth\">Twitter<\/a> bio. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Mongress &gt; Congress <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Wf31q0tsrN\">https:\/\/t.co\/Wf31q0tsrN<\/a><\/p>\n<p>\u2014 Mongoose $mong $mongfi (@mongoosecoineth) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mongoosecoineth\/status\/1469089099172782084?ref_src=twsrc%5Etfw\">December 9, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a Medium <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/@mongoosecoin\/followers\">post<\/a> outlining the coin\u2019s roadmap, a spokesperson from Mongoose Coin wrote that $MONG is \u201cA movement that captures the community\u2019s fight against regulators, for freedom and for a common goal.\u201d<\/p>\n<p>Other iterations of Mongoose Coin have also <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared such as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pancakeswap.finance\/info\/token\/0x38404dd3153078b63debcef5c41114eb9fe26f89\">GOOSE<\/a>, which has grown 48,287.67% over the past 24 hours, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pancakeswap.finance\/info\/token\/0xfa4edd8afdd538c4a7aed5c9f44777c99d021383\">MONG<\/a> which has grown 4,301.13%. Other Moongoose-related spinoffs such as Son of Mongoose (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pancakeswap.finance\/info\/token\/0x2f11aef050c50e0b204a86f68fcf12dfd98b8c29\">$SOM<\/a>) and Baby Mongoose (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pancakeswap.finance\/info\/token\/0xb8e6a85f3de767743a88fdb2f30d4571d825d71e\">BMONGO<\/a>) have also been created. <\/p>\n<p>Later on in the hearing, Sherman asked: \u201cwill Mongoose Coin always have a value?\u201d <\/p>\n<blockquote><p>\u201cI don\u2019t know. I just made it up. It\u2019s a joke. Although I said that about Hamster Coin, and then I found out there really was a Hamster Coin. It\u2019s not fair to compare fiat currencies\u2019 current system to what cryptocurrencies aspire to be.\u201d<\/p><\/blockquote>\n<p>Hamster (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/hamster\/\">HAM<\/a>) is indeed a real token. On Thursday, HAM had a trading volume of $113,570 at 6:30PM UTC, a few hours into the hearing. By 1:30AM UTC, the trading volume had surged by 624% to $822,139. It is down 18.6% over the last 24 hours and down 67.8% from its ATH according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/hamster\">CoinGecko<\/a>. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Brad Sherman is running a pump and dump group from the floor of congress. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/19SuHaiQKz\">https:\/\/t.co\/19SuHaiQKz<\/a><\/p>\n<p>\u2014 Miko Matsumura (@mikojava) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mikojava\/status\/1468795850956496898?ref_src=twsrc%5Etfw\">December 9, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets<\/em><\/strong><\/p>\n<p>During a Thursday interview, Sherman told <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-09\/crypto-meme-machine-kicks-into-gear-after-congressman-s-joke\">Bloomberg<\/a> that the crypto industry\u2019s \u201cself-mocking humor\u201d is a threat to itself, and that memes only seem to inspire greed. <\/p>\n<blockquote><p>\u201cHow can you pay anything for a Hamster Coin, if a joke made by a bald congressman from LA at a hearing is gonna rip your Hamster Coin with its Mongoose teeth.\u201d <\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/congressman-jokes-about-a-mongoose-coin-now-it-exists\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Congressman jokes about a Mongoose Coin: Now it exists &#8221; Democratic representative for California Brad Sherman joked about how ridiculous a \u201cMongoose Coin\u201d would be on Wednesday \u2014 and by Friday it had become a reality. During Wednesday\u2019s hearing on crypto at the House Financial Services Committee, Sherman spun a tale of an old&#8230;<\/p>\n","protected":false},"author":1,"featured_media":378936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYjYyMmRkOWUtMzg3Yi00MTM5LWE5NzgtMWI2MzdkZDBjNjY5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,52214,32681,8575],"class_list":["post-378935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-congress","tag-politics","tag-usa"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=378935"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/378935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/378936"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=378935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=378935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=378935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}