Elizabeth Warren Slams GENIUS Act Over Trumps USD1 Crypto Profits

Senator Elizabeth Warren opposes the GENIUS Act because she views Trump’s USD1 stablecoin as generating illegal financial returns. Her worries emerge from World Liberty Financial’s and UAE-based MGX’s agreement, which strengthened the market demand for USD1. Opposition against the bill has increased in the Senate, and now it must pass a key vote in the […]

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Binance lists USD1 stablecoin with trading restrictions in EU and US

Binance, the largest crypto exchange by trading volume, revealed plans to list the USD1 stablecoin issued by the Donald Trump family-affiliated DeFi venture World Liberty Financial (WLFI). According to a May 22 statement, the exchange said it would open trading for the USD1/USDT pair on the same day. The firm added that its users can […]

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World Liberty Financial Fires Back at Blumenthals Flawed USD1 Stablecoin Probe

World Liberty Financial (WLFI) has disputed the accusations made by Democratic Senator Blumenthal in his investigation into the companys USD1 stablecoin and its ties to President Trumps crypto ventures. The attorneys termed the investigation as fundamentally flawed, because it is based on incorrect information. Blumenthal, a top member on the Senate Permanent Subcommittee on Investigations, […]

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Trump-Linked USD1 Stablecoin Sees $2.12 Billion Market Cap on BNB Chain.

Trump associated stablecoin USD1 quickly achieves $2.12B market cap on BNB Chain, causing a debate over political influence on its future.

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Donald Trumps World Liberty Financial reportedly sells Ethereum amid $125M loss

World Liberty Financial (WLFI), the DeFi project partly owned by US President Donald Trump‘s family, has begun offloading some Ethereum holdings amid the top asset’s recent price struggles. On April 9, blockchain analysis platform Lookonchain, citing data from Arkham Intelligence, reported that a wallet linked to the DeFi venture sold 5,471 ETH for approximately $8.01 […]

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Trump-Backed World Liberty Financial Proposes Test Airdrop of USD1 Stablecoin to Token Holders

World Liberty Financial proposes a test airdrop of its USD1 stablecoin to token holders, aiming to validate its system and boost visibility before full deployment.

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Trumps new USD1 stablecoin exacerbates worries about conflicts of interest

There have been reports that former President Donald Trump plans to launch his own stablecoin, called the “Trump USD,” which raises concerns around potential conflicts of interest. The launch of this stablecoin could pose ethical issues as it would involve Trump profiting off his political influence and potentially using the digital currency to further his [...]

The post Trump’s new USD1 stablecoin exacerbates worries about conflicts of interest appeared first on Crypto Breaking News.

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Trump-Backed USD1 Stablecoin Launch with Big Claims

Trump-inspired World Liberty Financial Inc or WLFI, is finally launching USD1, the much antipated dollar-pegged stablecoin on the Ethereum (ETH) and Binance Smart Chain (BSC) with plans to expand to other blockchains shortly. As per the Medium post, the stablecoin will be redeemable 1:1 for the US dollar (USD), 100% backed by short-term US government […]

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