U.S. House Democrats have intensified scrutiny of Donald Trump’s crypto dealings, demanding the Treasury Department release suspicious activity reports (SARs) linked to his digital ventures, including the Trump-themed cryptocurrency and World Liberty Financial (WLF). In a letter dated May 14 and addressed to Treasury Secretary Scott Bessent, Representatives Gerald Connolly, ...
Truth Social, the social media platform owned by Trump Media & Technology Group, has denied circulating rumours suggesting it is launching a memecoin. In an official post, the platform dismissed the speculation as false, reiterating that it had no involvement in any crypto token launch. "Contrary to rumors, Truth Social ...
Bitcoin surged to $98,933 on May 8, gaining 2.6% in just 24 hours, as investor sentiment improved following President Donald Trump’s announcement of an impending trade deal. This rally came shortly after Trump posted on Truth Social, revealing plans to hold a press conference in the Oval Office the following ...
In a bold step toward enhancing its infrastructure and community engagement, World Liberty Financial (WLFI), a crypto platform linked to the Trump family, has revealed plans to airdrop its newly launched USD1 stablecoin to early WLFI token holders. The initiative, currently enjoying overwhelming support on WLFI’s governance forum, aims to ...
U.S. Democratic lawmakers have mounted a coordinated legislative and investigative effort targeting President Donald Trump’s crypto-related activities, raising concerns over potential profiteering and conflicts of interest tied to his political influence. On May 6, Senator Chris Murphy introduced the Modern Emoluments and Malfeasance Enforcement (MEME) Act, a bill designed to ...
The U.S. Attorney's Office for the Eastern District of New York (EDNY) has appointed Joseph Nocella as interim U.S. Attorney, according to a May 5 notice, following the departure of Acting Attorney John Durham. Nocella, selected by President Donald Trump, will serve for 120 days or until a Senate-confirmed successor ...
In a recent interview with NBC News’s Kristen Welker on Meet the Press, U.S. President Donald Trump gave conflicting answers when asked whether he had profited from the crypto memecoin he launched in January, just days before re-entering the White House. When asked about critics who claimed he was profiting ...
Donald Trump has once again voiced strong support for cryptocurrencies, framing them as a crucial tool in the U.S. effort to maintain an edge over China in the global race for technological supremacy. As he returned to the White House from Palm Beach, Florida, Trump emphasized the strategic significance of ...
According to reports citing Senate Majority Leader John Thune, the U.S. Senate is preparing to take up stablecoin legislation before the Memorial Day recess on May 26. In an April 29 politico report during a closed-door session with Republican senators, Thune reportedly confirmed that the chamber would prioritize discussions on ...
The DeFi Education Fund has called on former President Donald Trump to intervene in what it decries as a “lawless campaign” by the Department of Justice (DOJ) against open-source software developers, singling out the prosecution of Roman Storm, co-founder of the crypto privacy tool Tornado Cash. In a letter addressed ...
