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A corporate entity linked to President Donald Trump and his family quietly slashed its equity stake in the decentralized finance (DeFi) platform World Liberty Financial (WLFI). The Trump-affiliated company DT Marks DEFI LLC previously owned a 60% stake in World Liberty. Fine print on the platform’s website now indicates DT Marks owns approximately 40% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial. Forbes first reported the change. World Liberty notes that WLF Holdco holds all the rights to net protocol revenues from the DeFi platform, except for net proceeds from the sale of WLFI tokens. The platform also notes that neither Trump nor any of his family members “is an officer, director or employee of, WLF Holdco LLC or World Liberty Financial.” The downsizing of Trump’s equity stake materializes as he has reportedly pocketed tens of millions of dollars in income from World Libe...

In another statement against Bitcoin integration on an economic level, the UK Treasury Department says it has no plans to implement a strategic Bitcoin reserve like the US. According to the department’s office, the cryptocurrency’s volatility make it unsuitable for the United Kingdom, a spokesperson said this week. “Bitcoin and other crypto assets have been historically volatile assets relative to stable fiat currencies like the US dollar and commodities, such as gold,” the spokesperson said. The representative added, “This volatility makes BTC less suitable as a reserve asset for the UK.” Yes to US Bitcoin Reserve, No to UK Bitcoin Reserve At last week’s US crypto summit , Donald Trump’s administration established a strategic BTC reserve alongside a “stockpile” for other cryptocurrencies. The US President serving a second term non-consecutive has announced several updates and executive orders favoring the crypto industry. Thus, the industry has more eyes on it than ev...

The US Securities and Exchange Commission (SEC) said that meme coins like Dogecoin and Shiba Inu are not securities, marking a landmark regulatory shift for the crypto industry. The agency’s decision, outlined in a Feb. 27 statement, says meme coins are “akin to collectibles” rather than financial instruments subject to securities laws. “A meme coin is not itself a security,” the regulator said in a statement. ”Meme coins typically are purchased for entertainment, social interaction, and cultural purposes, and their value is driven primarily by market demand and speculation. In this regard, meme coins are akin to collectibles. Meme coins also typically have limited or no use or functionality.” The SEC’s guidance highlights a broader shift in US crypto regulation under the pro-crypto Trump administration, marking a departure from the regulation-by-enforcement approach of former chair Gary Gensler. “This is HUGE,” said The Ko...

The Official Trump price dropped 1% in the last 24 hours to trade at $15.55 as of 2:20 a.m. EST on trading volume that went down 18% to $820.2 million. This slight drop in the TRUMP price comes after a recent survey reported that Trump’s reputation is good for the crypto industry, as 1 in 3 Australians believe that the crypto industry will prosper with him as the US president. The survey was conducted by an Australian crypto exchange, Independent Reserve, Official Trump Price Prediction TRUMP has seen plenty of smaller price fluctuations in the last few days, which saw its price go from the upper Bollinger Band to the lower one, keeping the margin between the two bands wide, and rarely standing still for more than a few minutes. The fluctuations have been good for day traders, who were able to use these opportunities to make small profits multiple times per day. The project’s Relative Strength Index (RSI) also shows that TRUMP has seen quite a lot of trading activi...

With the President-elect set to introduce the White House’s first digital asset-focused role, Donald Trump’s crypto advisory council is reportedly expected to set up the nation’s first strategic Bitcoin reserve. Indeed, the returning US president is looking to formulate a council that would govern crypto-related policies, Reuters reports. The development of the council has garnered interest from across the cryptocurrency industry. Coinbase CEO Brian Armstrong had met with Trump earlier this week. Moreover, Cardano (ADA) developer Charles Hoskinson gave his vote of confidence for Armstrong’s viability as part of such a council. JUST IN: President-elect Donald Trump's crypto advisory council expected to set up strategic #Bitcoin reserve. — Watcher.Guru (@WatcherGuru) November 21, 2024 Also Read: Donald Trump Considers Creating First-Ever White House Crypto Role Trump Crypto Advisory Council Taking Shape: Bitcoin Reserve Bill Remains Premier Focus Shortly aft...

The Donald Trump transition team is considering Dan Gallagher, Robinhood Markets’ chief legal and compliance officer, as a potential successor to Securities and Exchange Commission (SEC) chair Gary Gensler. Gallagher, a former Republican SEC commissioner under the Obama administration, is the leading candidate on Trump’s shortlist, according to a Nov.7 report by Reuters . Trump Promises To Fire Gary Gensler On “Day One” Of Presidency Current SEC chair Gensler has led the regulator in a multi-year battle against US companies operating in the crypto industry, opting for a regulation-by-enforcement approach. That’s made him widely despised in the crypto industry. To win over crypto voters leading up to the US election, Trump promised to fire Gensler on his first day in office, and to appoint a new SEC chair who “will not block the future.” BREAKING: Donald Trump to fire Gary Gensler and hire pro-Bitcoin administration. pic.twitter.com/KxUYo...

Bitcoin could soar to $90,000 if Republican candidate Donald Trump becomes US president after November’s elections, but slump to $30,000 if Democrat Kamala Harris is triumphant, brokerage Bernstein said. A Trump win would benefit the cryptocurrency market via a more favorable regulatory environment that could eliminate risk barriers for financial institutions, said analysts led by Gautam Chhugani in a Sept. 9 research note. That would allow digital assets to compete more effectively with traditional assets for financial flows, and promote increased innovation, they said. NEW: @BernsteinBuzz SAYS $BTC COULD HIT $90K BY YEAR END IF @realDonaldTrump ,IS ELECTED OR DROP TO AS LOW AS $30K IF @KamalaHarris IS ELECTED — killz (@KillzzSol) September 9, 2024 Trump has been vocal about making the U.S. the Bitcoin capital of the world, and says he’ll implement policies to make it a Bitcoin mining “powerhouse.” He’s also said he’ll fire on day one ...