president donald trump – The Shib Daily

Trump Plans ‘One Rule’ AI Executive Order to Override All State-Level Laws

Michaela — Tue, 09 Dec 2025 14:22:10 +0000

President Donald Trump has signaled plans to issue an executive order aimed at restricting states from creating their own AI regulations, calling the move a “One Rule” policy to advance U.S. leadership in artificial intelligence.

“There must be only One Rulebook if we are going to continue to lead in AI,” President Trump wrote on his social media platform, Truth Social. “We are beating ALL COUNTRIES at this point in the race, but that won’t last long if we are going to have 50 States, many of them bad actors, involved in RULES and the APPROVAL PROCESS,” he added.

Source: Donald Trump

President Trump warned that without the executive order, the development of AI could be stifled early. He argued that companies should not need to secure approval from 50 different states to operate, emphasizing the need for a unified federal framework.

An alleged leaked draft of the executive order suggests it would establish an “AI Litigation Task Force” to challenge state-level AI regulations in court, review laws deemed “onerous,” and direct the Federal Communications Commission and Federal Trade Commission to pursue national standards that supersede state rules. The order would also grant White House Crypto and AI Czar David Sacks direct oversight of AI policy, taking precedence over the traditional role of the White House Office of Science and Technology Policy.

Despite President Trump’s push for the executive order, critics argue it could hinder innovation and effective regulation. Florida Governor Ron DeSantis noted in an X post that an executive order cannot override state laws, and only Congress could preempt states through legislation. He also questioned the measure’s feasibility, suggesting that public opposition makes it unlikely Congress would have the votes to enact such a sweeping directive.

An executive order doesn’t/can’t preempt state legislative action. Congress could, theoretically, preempt states through legislation.

The problem is that Congress hasn’t proposed any coherent regulatory scheme but instead just wanted to block states from doing anything for 10… https://t.co/owWauZxRLk
— Ron DeSantis (@RonDeSantis) December 8, 2025

A notable example of state-led AI regulation comes from California, where Governor Gavin Newsom signed legislation requiring developers of AI companion chatbots to implement safeguards. The law mandates that these systems clearly notify users when they are interacting with artificial intelligence rather than a human, aiming to increase transparency and protect consumers.

Senate Bill 243 broadens California’s initiatives to safeguard children online and oversee emerging technologies, including artificial intelligence. The legislation imposes new obligations on digital platforms, such as implementing age verification, protocols for addressing self-harm and suicide, clear warnings for social media and AI companion chatbots, and tougher penalties for monetizing illegal deepfakes.

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Senators Demand Probe Into WLFI Over Ties to North Korea and Russia

Michaela — Wed, 19 Nov 2025 07:29:34 +0000

U.S. Senators Elizabeth Warren and Jack Reed are calling on the Department of Justice (DOJ) and the Treasury Department to investigate World Liberty Financial (WLFI), a firm linked to the Trump family, over its alleged connections to illicit actors in North Korea and Russia.

According to a CNBC report, Senators Warren and Reed sent a letter on Tuesday to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent, arguing that World Liberty Financial (WLFI) lacks sufficient safeguards to prevent bad actors from moving funds or exerting influence over its governance.

In their letter, the senators cited a September report from the nonprofit corporate watchdog Accountable.US, which claimed that WLFI had sold its $WLFI tokens to “various highly suspicious entities.”

The “suspicious entities” included traders with ties on the blockchain to a notorious North Korean hacking organization, a sanctioned Russian “ruble-backed sanctions evasion tool,” an Iranian crypto exchange, and Tornado Cash, a known money-laundering platform, the watchdog alleged.

CNBC shared that World Liberty Financial denied any wrongdoing, asserting that there is “no conflict of interest between World Liberty Financial, a private crypto company with zero political power, and the U.S. government.”

A spokesperson for World Liberty Financial told CNBC that the company conducted thorough anti-money laundering (AML) and know-your-customer (KYC) checks on every pre-sale purchaser of the $WLFI governance token, adhering to what they described as the highest industry standards. The spokesperson added that millions of dollars in potential purchases were declined from individuals who did not meet these compliance requirements.

Last month, a group of seven Democratic senators, including Warren and Reed, formally called on Bondi and the DOJ to provide more information about President Donald Trump’s pardon of Binance CEO Changpeng “CZ” Zhao, expressing concerns that the action could signal leniency toward unlawful conduct.

In a public letter, the senators argued that the pardon could be perceived as a warning to cryptocurrency leaders and other corporate figures that legal consequences may not apply. They requested clarification on how Zhao’s pardon might affect the DOJ’s and Attorney General Bondi’s ability to enforce the law. Their inquiry references reported ties between Zhao, Trump, and Binance, including allegations that Binance helped develop the code for WLFI’s stablecoin USD1, potentially generating a multi-million-dollar revenue stream for the Trump family.

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Scaramucci Family Invests $100M+ in Trump-Linked American Bitcoin

Michaela — Mon, 17 Nov 2025 10:20:03 +0000

The Scaramucci family, known for their high-profile investment activities, has poured over $100 million into American Bitcoin, the mining firm associated with President Donald Trump’s sons, through AJ Scaramucci’s investment firm, Solari Capital.

According to a report from Fortune, Solari Capital led American Bitcoin’s $220 million funding round in July, just months before the company went public via a reverse merger in September. At the time, the company had not disclosed its investors.

AJ Scaramucci told Fortune that Solari Capital contributed over $100 million to American Bitcoin, with his father, Anthony Scaramucci, also making a smaller investment. Other notable backers include motivational speaker Tony Robbins, Ethereum co-founder Charles Hoskinson, real estate investor Grant Cardone, and entrepreneur Peter Diamandis, founder of the XPRIZE Foundation.

The Scaramucci family’s investment has attracted attention, given Anthony Scaramucci’s highly publicized political history with President Trump. Anthony briefly served as Trump’s White House communications director in 2017 before being dismissed after just days in the role and later became a vocal critic, endorsing former U.S. President Joe Biden and Kamala Harris in both the 2020 and 2024 elections.

Despite reports linking the Scaramucci family to investments in a Trump-associated Bitcoin mining company, Anthony Scaramucci has continued to criticize the former president. In a recent post on X, Scaramucci took aim at Trump while responding to Rep. Marjorie Taylor Greene’s claims that the former president was “coming after” her as a warning to others. Greene had shared messages she sent Trump urging the release of the Epstein Files, alleging that her stance prompted retaliatory pressure from the president. “In the end Trump turns on everyone. And soon the country,” Anthony Scaramucci wrote.

In the end Trump turns on everyone. And soon the country. https://t.co/eOmwRxd5EJ
— Anthony Scaramucci (@Scaramucci) November 15, 2025

AJ Scaramucci, however, emphasized that political considerations had no influence on Solari Capital’s investment in American Bitcoin, stressing that the decision was driven solely by business factors. “Has my Dad and Don Sr. have they had their fair share of back and forth? Of course they have,” AJ told Fortune. “But Bitcoin transcends politics,” he added.

Furthermore, AJ Scaramucci reportedly secured the investment through a long-standing personal relationship, after American Bitcoin president Matt Prusak, a former business-school classmate, informed him that the mining operation would be separated from Hut 8.

According to the report, AJ then advocated for Solari Capital to lead the financing round, expressing confidence that the company could rival publicly listed Bitcoin accumulation firms, including those marketing their shares as stand-ins for direct Bitcoin ownership.

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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CZ’s Lawyer Blasts “False” Claims Linking Binance, Trump Pardon

Michaela — Mon, 17 Nov 2025 10:19:56 +0000

Teresa Goody Guillén, attorney for Binance founder Changpeng “CZ” Zhao, has rejected claims of corruption tied to President Donald Trump’s pardon of Zhao, describing media reports suggesting pay-to-play arrangements as inaccurate and based on misunderstandings of blockchain technology and crypto business practices.

In a recent interview on the Pomp Podcast, Guillén defended Binance founder Zhao’s pardon, arguing that he faced unusually harsh treatment compared to executives at traditional financial institutions who were charged with similar compliance violations. She emphasized that Zhao is the only CEO to have been prosecuted for these specific offenses, even though major banks have faced equal or more severe charges.

President Trump granted a pardon to Zhao in October, sparking intense scrutiny and criticism from lawmakers who allege that financial connections between the Trump family’s crypto ventures and Binance may have influenced the decision.

Critics argue that the timing and circumstances of the pardon raise concerns about potential conflicts of interest and the integrity of the clemency process. Trump, however, has denied any wrongdoing or knowledge of Zhao prior to granting the pardon, framing the decision as a routine exercise of presidential authority.

Guillén stated that Zhao received the pardon because his prosecution was unwarranted, noting that the case involved no fraud, no victims, and no prior criminal history. She attributed the legal action to what she described as the Biden administration’s “war on crypto,” suggesting that regulators singled out Binance and Zhao as high-profile examples.

Furthermore, Guillén rejected claims that Zhao’s pardon was connected to business interactions between Binance and World Liberty Financial (WLFI), a company linked to the Trump family. She compared the situation to a listing on Craigslist, arguing that just because WLFI launched its USD1 stablecoin on the Binance Smart Chain, it does not imply a personal relationship between the company and Binance’s CEO.

In a recent Fox News interview, Zhao denied any business connections between himself, Binance, and World Liberty Financial. He clarified that he had never met or communicated with President Trump before or after receiving the pardon, and that his only interaction with Eric Trump occurred at the Bitcoin Middle East and North Africa conference in Abu Dhabi, United Arab Emirates.

Zhao also stated that he was unaware of the timing or likelihood of the pardon, noting that his lawyers had submitted the request in April and he had no knowledge of its progress.

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Trump’s New CFTC Pick Michael Selig Faces Senate Hearing Next Week

Michaela — Wed, 12 Nov 2025 06:41:30 +0000

Michael Selig, President Donald Trump’s nominee for chair of the Commodity Futures Trading Commission (CFTC), is set to face a confirmation hearing before the U.S. Senate Agriculture Committee.

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Key points:

Michael Selig, President Trump’s nominee for CFTC chair, will face a Senate Agriculture Committee hearing on November 19 following the U.S. government shutdown.
Selig’s nomination comes after the White House withdrew Brian Quintenz’s bid and could make him the sole leadership voice at the CFTC if confirmed, as current commissioner Caroline Pham plans to depart.
Regardless of confirmation, the CFTC is expected to face major regulatory changes for digital assets as Congress considers a market structure bill clarifying oversight roles and compliance standards for crypto markets.

The Senate Agriculture Committee announced that Selig’s nomination hearing is scheduled for November 19, coinciding with the anticipated end of the U.S. government shutdown this week.

In late October, White House crypto advisor David Sacks praised President Trump’s choice of Selig to lead the CFTC on X, emphasizing Selig’s deep financial market expertise and his focus on updating U.S. regulations to maintain competitiveness in the evolving digital asset sector.

Selig’s nomination follows the White House’s withdrawal of Brian Quintenz’s bid to lead the CFTC, a process that had initially shown strong prospects. Reports suggest uncertainty over Quintenz arose in July when Gemini co-founders Tyler and Cameron Winklevoss indicated to President Trump that his priorities diverged from the administration’s.

In January, Caroline Pham, a sitting CFTC commissioner, stepped in as acting chair following a vote by the agency’s commissioners. By September, she became the commission’s sole member, despite the agency being structured to have five. Pham has indicated that she plans to leave the CFTC once the Senate confirms a new chair, meaning if Selig is approved, he could become the commission’s only leadership voice.

In the coming months, the agency is likely to undergo substantial regulatory changes for digital assets, irrespective of whether Selig is confirmed CFTC chair, as lawmakers consider a new market structure bill.

The proposed market structure bill aims to clarify the roles of the CFTC and the U.S. Securities and Exchange Commission (SEC) in overseeing digital assets, potentially reshaping how cryptocurrencies are regulated in the U.S. Stakeholders from both traditional finance and the crypto industry are closely monitoring developments, as the legislation could introduce new compliance requirements, reporting standards, and enforcement mechanisms.

Analysts suggest that clearer regulatory frameworks may foster greater institutional participation in digital markets, while also addressing concerns over investor protection and market stability. As Congress debates the bill, market participants are weighing its potential impact on innovation, liquidity, and the broader adoption of digital assets nationwide.

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Binance Founder Zhao Says He Was “Surprised” by Trump Pardon, Denies Ties

Michaela — Mon, 10 Nov 2025 09:51:13 +0000

Binance founder Changpeng Zhao, commonly known as CZ in crypto circles, said he was somewhat surprised to receive a pardon President Donald Trump and firmly denied claims that the pardon was linked to any business dealings or personal connections with Trump-affiliated companies, describing such allegations as “categorically false.”

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Key points:

Binance founder Changpeng Zhao said he was surprised by his pardon from President Trump and denied any business or personal ties to Trump or affiliated companies.
President Trump described Zhao’s case as politically motivated, while the pardon drew support from the crypto community and criticism from Democratic lawmakers.
Senators expressed concern the pardon could weaken accountability, citing potential links between Zhao, Binance, and the Trump family’s WLFI platform.

“There is no business relationship between me, Binance, and World Liberty Finance,” Zhao stated in an interview with Fox News. Earlier in the interview, Zhao emphasized that he had never met or spoken with President Trump before or after receiving his pardon in October. He added that his only encounter with Trump’s son, Eric Trump, occurred once at the Bitcoin Middle East and North Africa conference in Abu Dhabi, United Arab Emirates.

Zhao stated that he was unaware of the timing or likelihood of his pardon, noting that he believes his lawyers submitted the request in April and that he had no insight into the progress of the process.

At a press conference following Zhao’s pardon, President Trump said he does not personally know the Binance founder but was informed that the case against him was politically motivated, framing it as a form of persecution by the Biden administration.

Following the pardon, White House Press Secretary Karoline Leavitt stated that President Trump exercised his constitutional authority in granting Zhao a pardon, noting that Zhao had faced prosecution amid the Biden administration’s cryptocurrency enforcement efforts. Leavitt added that the decision marked “the end of the Biden Administration’s war on crypto.”

“I want to help America become the capital of crypto,” Zhao further stated in the interview. The pardon sparked a divided response, with members of the crypto community hailing it as a victory for the industry, while Democratic lawmakers criticized the move, alleging political corruption on the part of President Trump.

In an open letter, Senators Elizabeth Warren, Bernie Sanders, Jeffrey Merkley, Chris Van Hollen, Mazie Hirono, Richard Blumenthal, and Jack Reed argued that “the pardon communicates to cryptocurrency executives and other white collar corporate criminals that the law doesn’t matter.” The group is requesting clarification on how President Trump’s pardon of Zhao could impact Attorney General Pam Bondi and the Department of Justice’s ability to “hold criminals accountable.”

The senators’ concerns are fueled by reports suggesting potential links between Zhao, President Trump, and Binance. Last year, the Trump family launched the decentralized finance platform World Liberty Financial (WLFI), which has been reportedly associated with Binance’s operations. Some accounts indicate that Binance helped develop the code for WLFI’s stablecoin, USD1. Lawmakers argue that Zhao’s presidential pardon may have followed Binance’s alleged provision of a “revenue stream that could be worth tens of millions of dollars annually” to the Trump family.

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White House Defends Trump’s Pardon of Binance CEO Amid Crypto Shift

Michaela — Thu, 06 Nov 2025 09:04:45 +0000

White House Press Secretary Karoline Leavitt has said the pardon of Binance founder Changpeng “CZ” Zhao was subject to a full review under established procedures before being presented to President Donald Trump for authorization.

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Key points:

The White House confirmed that Binance CEO Changpeng Zhao’s pardon underwent a full review process involving the DOJ and White House Counsel before President Trump authorized it.
President Trump maintains he does not personally know Zhao, describing his legal troubles as a “Biden witch hunt” and dismissing claims linking the pardon to a $2 billion stablecoin deal.
The pardon is framed by the Trump administration as correcting past overreach, targeting cases of perceived over-prosecution and signaling a softer stance on the crypto industry.

During a White House press briefing, Press Secretary Karoline Leavitt addressed questions about President Trump’s comments on CBS News’ 60 Minutes, where he claimed to have “no idea” who Zhao is. Leavitt reaffirmed that the president does not personally know the Binance founder.

“He means he does not have a personal relationship with this individual. And when it comes to pardons, the White House takes them with the utmost seriousness, and the President understands the responsibility that he has as President to issue clemency and issue pardons to individuals who are seeking that,” Leavitt stated.

In a Sunday interview with CBS News’ 60 Minutes, President Trump said he does not personally know the Binance founder, characterizing Zhao’s legal challenges as a “Biden witch hunt.” When asked about reports linking Zhao’s pardon to a $2 billion stablecoin transaction involving World Liberty Financial, Trump dismissed the claims, saying he was unaware of the details due to his busy schedule.

Furthermore, Leavitt explained that the White House follows a “very thorough” review process for pardon requests, coordinated between the Department of Justice (DOJ) and the White House Counsel’s Office. She noted that a team of experienced attorneys evaluates each case before it reaches President Trump, who serves as the final decision-maker.

According to Leavitt, upon taking office, President Trump expressed particular interest in reviewing cases of individuals he believed were “abused and used” by the previous administration or “over-prosecuted by a weaponized DOJ,” citing Zhao as one such example.

In 2023, Zhao pleaded guilty to violating the Bank Secrecy Act by failing to maintain an effective anti-money laundering program at Binance. U.S. prosecutors had sought a three-year prison term, but the judge deemed it excessive and instead sentenced Zhao to four months, which he served before being released in September 2024.

Additionally, Leavitt stated that President Trump’s pardon of the Binance founder is intended to rectify what his administration views as past overreach, effectively signaling an end to what they characterize as the Biden administration’s aggressive stance toward the cryptocurrency industry.

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Trump Defends CZ Pardon, Denies Knowing Binance Co-Founder

Michaela — Tue, 04 Nov 2025 12:29:14 +0000

President Donald Trump has defended his pardon of Binance founder Changpeng “CZ” Zhao, stating he does not personally know Zhao and rejecting claims that the decision was politically motivated or tied to a $2 billion stablecoin deal connected to Trump family-affiliated World Liberty Financial (WLFI).

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Key points:

President Trump defended his pardon of Binance founder Changpeng “CZ” Zhao, denying personal ties and dismissing claims of political motivation or involvement in a $2 billion WLFI stablecoin deal.
Trump emphasized his support for the crypto industry, citing his sons’ involvement, calling Zhao a victim of government “weaponization,” and stating his goal to “make crypto great for America.”
Zhao completed a four-month prison sentence in 2024 for U.S. anti-money laundering violations, resigned as Binance CEO, paid a $50 million fine, and Binance settled for $4.3 billion amid Biden-era crypto enforcement.

In a Sunday interview with CBS News’ 60 Minutes, President Trump stated that he does not personally know Zhao and described the Binance founder’s legal troubles as a “Biden witch hunt.”

When CBS anchor Norah O’Donnell asked about reports that Binance facilitated a $2 billion stablecoin purchase linked to World Liberty Financial, a deal some reports tied to Zhao’s pardon, President Trump dismissed the claims, saying he “[knows] nothing about it because [he’s] too busy.”

When O’Donnell pressed him on pardoning the Binance founder, President Trump said his “sons are into it” and expressed support for the crypto industry, calling it “probably a great industry.” He added that his sons are focused on running their business and are not involved in government.

“I know nothing about the guy, other than I hear he’s a victim of weaponization by the government,” President Trump stated. He added that his primary focus is to “make crypto great for America.”

“Crypto has turned out to be a massive industry, if you want to call it that. And I’m very proud to say we are far ahead of China and everybody else. And China is getting into it in a very big way right now,” President Trump said. “If you go after people, you’re going to kill that industry, and that would be very bad,” he added.

In October, President Trump granted a pardon to Zhao, citing widespread public support and stating that “a lot of people recommended” him and that “people say he wasn’t guilty of anything.”

White House Press Secretary Karoline Leavitt stated that President Trump used his constitutional authority to pardon Zhao, who faced prosecution amid the Biden administration’s cryptocurrency enforcement efforts, adding that the decision marks “the end of the Biden Administration’s war on crypto.”

In 2024, Zhao completed a four-month prison term following a guilty plea for violating U.S. anti-money laundering laws. The case, pursued during President Joe Biden’s broader regulatory crackdown on the crypto sector, also saw Zhao resign as Binance CEO and pay a $50 million personal fine, while Binance agreed to a $4.3 billion settlement.

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Warren Fires Back at CZ’s Defamation Threat, Cites DOJ Money Laundering Plea

Michaela — Mon, 03 Nov 2025 10:00:35 +0000

Senator Elizabeth Warren’s legal team has rejected Binance founder Changpeng “CZ” Zhao’s defamation threat, responding to his complaint over her recent social media post regarding his presidential pardon.

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Key points:

Senator Elizabeth Warren’s legal team rejected Changpeng “CZ” Zhao’s defamation threat, asserting her statement about his money laundering plea was factually accurate and based on public records.
Warren’s response cited a DOJ press release describing Zhao’s guilty plea and Binance’s $4 billion settlement over anti-money laundering violations under the Bank Secrecy Act.
The dispute, emerging after Donald Trump’s pardon of Zhao, spotlights growing political and regulatory tensions between U.S. lawmakers and major crypto industry leaders.

In a formal response dated November 2 and addressed to Zhao’s attorney, Teresa Goody Guillén, Senator Elizabeth Warren’s legal team stated that her comment describing Zhao as having “pleaded guilty to a criminal money laundering charge” was “accurate in all respects,” and therefore does not constitute defamation. “Senator Warren accurately represented publicly available and widely reported facts. The “charge” referenced in Senator Warren’s X post refers to the “charge” to which Mr. Zhao pled guilty and as to which President Trump had just pardoned him,” the response wrote.

Source: Punchbowl News

According to Senator Warren’s response, the charge to which Zhao pleaded guilty involved a violation of U.S. anti-money laundering laws, noting that this information is part of the public record and directly referenced in her post on X. Her legal team further maintained that any potential defamation claim would be baseless and unsupported by fact.

Warren’s attorneys cited a U.S. Department of Justice (DOJ) press release dated November 21, 2023, which described Zhao’s case as part of a $4 billion settlement related to violations of anti-money laundering laws.

Zhao entered a guilty plea in the U.S. District Court for the Western District of Washington, admitting to willfully failing to implement an effective anti-money laundering program, a criminal violation of the Bank Secrecy Act. The DOJ characterized Binance’s conduct as “anti-money laundering” violations, citing the Bank Secrecy Act as the primary federal statute governing such offenses.

The ongoing dispute between Senator Warren and Zhao arises from President Donald Trump’s October 22 pardon of the Binance founder. In her official response, Warren’s legal counsel referenced reported lobbying activities and alleged business ties between Binance and ventures linked to the Trump family.

The exchange between Warren and Zhao spotlights the ongoing friction between Washington lawmakers and the crypto industry’s most prominent figures. As digital assets continue to intersect with politics, regulation, and global finance, the outcome of such disputes such as Zhao’s defamation threat, may shape how accountability and influence are defined in the next era of crypto governance.

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Trump’s Binance Pardon Sparks Fury: Senators Demand DOJ Answers

Michaela — Thu, 30 Oct 2025 09:45:46 +0000

Seven Democratic senators have formally requested U.S. Attorney General Pam Bondi and the U.S. Department of Justice (DOJ) for more details on President Donald Trump’s pardon of Binance founder Changpeng “CZ” Zhao, arguing that the move could signal tolerance for illegal activity.

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Key points:

Seven Democratic senators, including Elizabeth Warren and Bernie Sanders, requested the DOJ and AG Bondi clarify the impact of Trump’s pardon of Binance CEO CZ Zhao.
Senators claim the pardon could signal to crypto executives and white-collar criminals that illegal activity may go unpunished, especially if it benefits Trump financially.
Concerns center on alleged ties between Zhao, Binance, and the Trump family’s DeFi platform WLFI, along with lobbying payments preceding the pardon.

In an open letter, Senators including Elizabeth Warren, Bernie Sanders, Jeffrey Merkley, Chris Van Hollen, Mazie Hirono, Richard Blumenthal, and Jack Reed stated that “the pardon communicates to cryptocurrency executives and other white collar corporate criminals that the law doesn’t matter.” The senators are seeking clarification on how President Trump’s pardon of Zhao might affect Attorney General Bondi’s and the DOJ’s capacity to “hold criminals accountable.”

Source: Senate Banking Committee

The senators argued that the pardon appears to signal to cryptocurrency executives and other white-collar criminals that they can evade consequences, provided their actions financially benefit President Trump.

The senators’ concerns stem from reports of alleged connections between Zhao, President Trump, and Binance. Last year, Trump’s family launched the decentralized finance (DeFi) platform World Liberty Financial (WLFI), which has reportedly been linked to Binance’s operations.

Some reports indicate that Binance contributed to developing the code behind WLFI’s stablecoin, USD1. The senators contend that Zhao received a presidential pardon after Binance allegedly provided the Trump family with a “revenue stream that could be worth tens of millions of dollars annually.”

Furthermore, reports also indicate that Zhao’s pardon came after a lobbying effort by Binance, which included $450,000 directed to Trump-associated lobbyists and $290,000 to Terese Goody Guillen, former SEC chair candidate and Zhao’s attorney.

The senators requested that the DOJ and Attorney General Bondi clarify how the pardon might affect individuals and companies engaged in criminal activity, particularly within the cryptocurrency sector. They also sought insight into whether Trump’s reported financial connections to Zhao played a role in the decision to grant the pardon.

Zhao was granted a presidential pardon last week. At a subsequent press conference, President Trump said the decision was guided by widespread public support, stating that “a lot of people recommended” Zhao and that “people say he wasn’t guilty of anything.”

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CZ Threatens Lawsuit Against Senator Warren Over Trump Bribery Claim

Michaela — Thu, 30 Oct 2025 09:45:39 +0000

Changpeng “CZ” Zhao, the founder and former CEO of cryptocurrency exchange Binance, is reportedly considering filing a libel lawsuit against Massachusetts Senator Warren over social media statements alleging he bribed President Donald Trump in exchange for a pardon.

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Key points:

Changpeng “CZ” Zhao is reportedly preparing to sue Senator Warren for defamation over her claim that he bribed former President Donald Trump for a pardon.
Zhao’s lawyer has demanded a formal retraction, warning that legal action will follow if the statements are not withdrawn.
The dispute spotlights growing friction between U.S. lawmakers and crypto industry leaders amid ongoing debates over regulation and accountability.

According to the New York Post, Zhao’s attorney, Terese Goody Guillen, is reportedly drafting a letter demanding that Senator Elizabeth Warren issue a formal retraction of her statement. Should she decline to do so, Zhao is expected to move forward with a defamation lawsuit.

“Mr. Zhao will not remain silent while a United States Senator seemingly misuses the office to repeatedly publish defamatory statements that impugn his reputation,” Guillen reportedly wrote in a draft letter. “Accordingly, Mr. Zhao respectfully immediately requests the retraction of these false statements, both within the resolution and on X… Mr. Zhao reserves his right to pursue all legal remedies available to address these false statements,” she added.

In the statement at the center of the dispute, Senator Warren asserted that Zhao had pleaded guilty to a criminal money laundering charge and received a prison sentence, further claiming that he “financed President Trump’s stablecoin and lobbied for a pardon.”

CZ pleaded guilty to a criminal money laundering charge and was sentenced to prison.

But then he financed President Trump’s stablecoin and lobbied for a pardon.

Today, he got it.

If Congress does not stop this kind of corruption, it owns it. pic.twitter.com/NsWeaJcVeK
— Elizabeth Warren (@SenWarren) October 23, 2025

Zhao responded to Senator Warren’s remarks by saying that she “can’t get her facts right,” emphasizing that he was never charged with money laundering. “The same Senator declared “war on crypto”, on public TV, 5 days before my sentencing, during the Biden Admin,” Zhao wrote.

A US Senator can't get her facts right, in a public post about a person's charge. There were NO money laundering changes.

The same Senator declared "war on crypto", on public TV, 5 days before my sentencing, during the Biden Admin.

Need a better example of weaponization of… https://t.co/87gTMP6mcn pic.twitter.com/4j1Us48Nop
— CZ BNB (@cz_binance) October 24, 2025

In 2023, Zhao admitted guilt to a single charge for failing to implement an adequate Anti-Money Laundering program at Binance, in violation of the Bank Secrecy Act. He subsequently served a four-month prison sentence, paid a $50 million fine, and stepped down from his role as CEO of the exchange.

President Trump granted Zhao a pardon on October 23, a move that drew both praise and criticism from various sectors. During a press conference the next day, Trump said the decision was driven by widespread public support, adding that “a lot of people recommended” Zhao and that “people say he wasn’t guilty of anything.”

The dispute marks the latest flashpoint in the ongoing tension between policymakers and key figures in the crypto industry, as questions over accountability, regulation, and reputation continue to shape the sector’s evolving landscape.

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Trump Pardons Binance Founder CZ, Declares “War on Crypto Is Over”

Michaela — Fri, 24 Oct 2025 01:57:19 +0000

President Donald Trump has granted a pardon to Binance founder Changpeng “CZ” Zhao following widespread lobbying efforts and public appeals asserting his innocence, signaling Trump’s apparent sympathy toward those arguments.

Key points:

President Donald Trump granted a full pardon to Binance founder Changpeng “CZ” Zhao, ending speculation and signaling a softer stance toward crypto.
The move follows Zhao’s four-month prison term and comes amid claims from his legal team that his conviction involved no fraud, victims, or money laundering.
The pardon is widely seen as a turning point in U.S. crypto policy, marking what Trump’s team calls “the end of the Biden Administration’s war on crypto.”

According to a report by The Wall Street Journal, sources revealed that President Trump signed the pardon on Wednesday. Speaking at a press conference the following day, Trump explained that his decision was influenced by strong public backing, noting that “a lot of people recommended” Zhao and that “people say he wasn’t guilty of anything.”

White House Press Secretary Karoline Leavitt announced Thursday that President Trump exercised his constitutional authority in granting a pardon to Zhao, who had been prosecuted under the Biden administration’s crackdown on cryptocurrency. Leavitt added that the move signaled “the end of the Biden Administration’s war on crypto.”

In 2024, the Binance founder completed a four-month prison sentence after pleading guilty to breaching U.S. anti-money laundering laws. The case, brought under President Joe Biden’s administration during a broader regulatory push against the crypto industry, also led to Zhao stepping down as Binance CEO and paying a $50 million personal fine. Binance, meanwhile, faced a $4.3 billion penalty as part of the settlement.

Trump’s decision to pardon Zhao follows recent speculation over whether the president would intervene in the case. However, sources indicated that his administration had initially approached the matter with caution, aware of potential scrutiny given Trump’s own ties to the cryptocurrency industry.

Teresa Goody Guillén, Zhao’s legal counsel, stated in a post on X that she believes President Trump’s decision to pardon Zhao was justified, noting that Zhao had faced only a single charge related to maintaining an ineffective compliance program. “NO fraud, NO victims, NO criminal history. NO money laundering,” Guillén wrote.

Facts Matter: @cz_binance was rightfully pardoned by @POTUS for a single charge of failure to have an effective compliance program. NO fraud, NO victims, NO criminal history. NO money laundering.

CZ is the first and only known first-time offender in U.S. history to receive a…
— Teresa Goody Guillén (@teresagoody) October 23, 2025

“CZ is the first and only known first-time offender in U.S. history to receive a prison sentence for this single, non-fraud-related charge,” Guillén added. “The judge found NO evidence that he knew of any illicit transactions and that it was reasonable for him to believe there were no illicit funds on the platform.”

Zhao’s pardon marks another high-profile moment in the evolving relationship between U.S. political power and the cryptocurrency industry, signaling that digital asset regulation, and accountability, will likely remain at the forefront of national debate as the sector continues to mature.

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Trump Confirms US Is in a Trade War With China — Bitcoin Feels the Sting

Michaela — Fri, 17 Oct 2025 10:13:55 +0000

President Donald Trump has officially declared that the United States is engaged in a trade war with China, following his recent threat to impose a 100% tariff on all Chinese imports.

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Key points:

President Trump confirmed the U.S. is in an active trade war with China after threatening a 100% tariff on all Chinese imports, calling tariffs vital to national security.
The announcement triggered a steep crypto market drop, with Bitcoin falling from around $121,560 to below $103,000 following Trump’s social media post.
Ongoing trade wars tensions have disrupted multiple sectors, including Bitcoin mining, where new tariff structures and regulatory pressures are driving up costs across Asia.

When asked by White House reporters whether the United States was preparing for a trade conflict with China, President Trump responded, “Well, we’re in one now.” He went on to emphasize that tariffs serve as a crucial safeguard for the nation, arguing that without them, the U.S. would have no defense, and describing the measures as vital to protecting America’s national security.

JUST IN: President Trump declares the United States is in a TRADE WAR with China

"We're in one now!"

"We have 100% tariffs."

"If we didn't have tariffs, we would have no defense. They've used tariffs on us."pic.twitter.com/o360DtdsaQ
— Eric Daugherty (@EricLDaugh) October 15, 2025

A social media post by President Trump last Friday appeared to trigger a sharp downturn in the crypto market, with Bitcoin plunging from around $121,560 to below $103,000 within hours. The drop followed Trump’s statement that he would implement a 100% tariff on China, responding to Beijing’s recent decision to tighten export controls on rare earth minerals crucial for semiconductor production.

Earlier this week, U.S. Treasury Secretary Scott Bessent condemned China’s trade practices during a press briefing on global trade relations, calling Beijing’s export restrictions “unacceptable.” Bessent asserted that the United States and its allies “will not be dictated to” by what he described as “a group of bureaucrats in Beijing.” “Make no mistake, this is China versus the world,” Bessent stated.

“Make no mistake, this is China versus the world,” Secretary Treasury Scott Bessent said during a news conference on global trade relations. He said Beijing’s export controls are “unacceptable” and that “we and our allies will neither be commanded nor controlled” by “a group of… pic.twitter.com/WghqNyW6NR
— CBS News (@CBSNews) October 15, 2025

Trade war tensions have rippled across multiple industries, including the cryptocurrency sector. In August, Bitcoin miners faced mounting costs and heightened regulatory pressure, with potential disputes involving U.S. Customs and Border Protection (CBP) posing substantial financial risks for domestic operators.

The ongoing U.S.-China trade friction has further complicated the tariff framework for Bitcoin mining hardware. At the time, the White House revised duty rates across several Asian nations, setting tariffs at 57.6% for equipment imported from China and 21.6% for machinery sourced from Indonesia, Malaysia, and Thailand.

As both nations double down on protectionist measures, economists warn that the escalating trade standoff could reshape global supply chains and redefine the balance of economic power. For now, markets remain volatile, and the world is watching to see which side blinks first.

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Trump May Pardon Binance Founder CZ as White House Weighs Backlash

Michaela — Mon, 13 Oct 2025 10:40:44 +0000

President Donald Trump has reportedly been weighing the possibility of granting a pardon to Binance founder and former CEO Changpeng “CZ” Zhao, a move that would erase Zhao’s felony conviction and allow him to resume business activities in the United States without legal barriers.

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Key points:

President Trump is reportedly considering a pardon for Binance founder CZ, which would erase his felony conviction and allow him to resume U.S. business activities.
Discussions in the White House are ongoing, with some advisers viewing Zhao’s case as weak, though others are cautious about optics due to Trump’s crypto ties.
Zhao served a four-month prison term in 2024 for a single Bank Secrecy Act violation, and a pardon could reshape how U.S. authorities handle major crypto cases.

Financial journalist Charles Gasparino reported that discussions within the White House about a potential pardon for Zhao have intensified, citing sources familiar with the matter. According to Gasparino, several of Trump’s advisers view the case against the Binance founder as weak, arguing that it did not warrant a felony conviction or prison sentence.

SCOOP: People close to @cz_binance, the former @binance chief who spent some time in the can amid the Biden Admin's crackdown on all things crypto, say discussions inside the White House are heating up on the possibility of a pardon from @realDonaldTrump. Many Trump insiders…
— Charles Gasparino (@CGasparino) October 10, 2025

“Trump, people close CZ say, is leaning toward a pardon (consider the source), which could set the stage for CZ’s return to the crypto exchange since he remains Binance’s largest shareholder,” Gasparino wrote in an X post.

Gasparino added that certain White House aides are cautious about the optics of a possible pardon due to the president’s crypto business connections, and noted that talks on the issue are still evolving.

In 2024, Zhao served a four-month prison term after pleading guilty to violations of U.S. anti-money laundering regulations. The case, pursued during President Joe Biden’s administration amid a wider regulatory crackdown on the crypto sector, also required Zhao to resign as Binance CEO and pay a $50 million personal fine, while Binance itself was penalized $4.3 billion as part of the settlement.

Additionally, Zhao responded to Gasparino’s report, thanking him for the coverage and calling it “great news” if White House discussions were accurate. He clarified that he had pleaded guilty to only a single violation of the Bank Secrecy Act (BSA). Gasparino remarked that receiving a prison sentence for a non-fraud offense was “insane.”

Source: Changpeng Zhao

“I believe I am [the] only person to ever be sentenced to jail in US history for a single violation of BSA, with no other charges, no prior history,” Zhao wrote.

Prosecutors accused Binance of enabling transactions connected to sanctioned countries and illegal activity. However, U.S. District Judge Richard Jones noted Zhao’s cooperation, remorse, and previously clean record as mitigating factors, resulting in a significantly reduced sentence, much lighter than the 36 months initially sought by the Department of Justice.

If granted, the pardon could signal a broader shift in how U.S. authorities approach high-profile crypto cases, potentially influencing investor confidence and regulatory strategies across the industry.

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Trump Meme Coin Backers Seek $200M to Rescue Struggling Token Value

Michaela — Thu, 09 Oct 2025 12:29:13 +0000

Fight Fight Fight LLC, the startup behind President Donald Trump’s official meme coin, has launched efforts to raise at least $200 million to build a digital asset treasury aimed at repurchasing the token after its value plunged about 90% from its peak.

Key points:

Fight Fight Fight LLC, the startup behind Donald Trump’s official meme coin, is reportedly seeking to raise at least $200 million, with talks of up to $1 billion, to fund a digital asset treasury aimed at buying back the token after a sharp value decline.
The Trump token has fallen about 90% from its January peak, currently trading around $7.83, with 35% of its supply unlocked and a circulating market cap of $1.5 billion, according to Messari.
Despite controversies surrounding Trump’s involvement and the collapse of a planned Trump-branded wallet, investor interest persists in related ventures such as World Liberty Financial’s WLFI token, highlighting ongoing speculation around Trump-linked crypto projects.

According to a Bloomberg report citing sources familiar with the matter, the startup led by Trump ally Bill Zanker has set an ambitious fundraising goal that could reach up to $1 billion. However, the discussions are still in the early stages, and the plans may not ultimately come to fruition.

The effort to stabilize the Trump meme coin follows a sharp decline in its value, falling from a January high of $44 to $7.83 at the time of writing, according to CoinMarketCap data. The token has also slipped 8.73% over the past month, reflecting ongoing volatility in its market performance.

Data from Messari shows that roughly 35% of the Trump token’s total supply is unlocked and available for trading, representing a circulating market capitalization of about $1.5 billion. The remaining 65%, around 800 million tokens, remains locked under vesting schedules and is reportedly held by entities linked to Trump.

In May, President Trump attended a private dinner with major holders of the Trump meme coin. Among the guests was Tron founder Justin Sun, with attendees reportedly dining beneath “Fight Fight Fight” banners. The event drew sharp criticism from lawmakers, some of whom accused Trump of “selling access” to the presidency and called for his impeachment.

A few months later, Zanker’s proposed Trump-branded crypto wallet project fell through after internal disputes reportedly arose with another Trump-affiliated blockchain initiative, World Liberty Financial. Despite the setback, World Liberty Financial’s WLFI token has attracted attention from digital asset treasury firm ALT5 Sigma, signaling continued investor interest in Trump-linked crypto ventures.

The developments emphasize the growing intersection of politics, celebrity branding, and cryptocurrency, an evolving space where public image and digital assets increasingly intertwine. As new ventures emerge and alliances shift, the market’s response will likely determine whether Trump-linked tokens remain a speculative novelty or mature into a lasting sector within the digital economy.

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Warren and Slotkin Call for Investigation Into US Officials Over UAE Ties

Michaela — Thu, 25 Sep 2025 11:59:05 +0000

Senators Elizabeth Warren and Elissa Slotkin have called for investigations into three federal oversight officials over potential conflicts of interest linked to Trump administration figures and their involvement with World Liberty Financial (WLF).

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Key points:

Warren and Slotkin are urging federal inspectors general to investigate David Sacks and Steve Witkoff over possible conflicts of interest with the UAE.
The senators allege the two pushed to ease AI export restrictions while hiding financial ties to Sheikh Tahnoon and a $2 billion investment in Trump’s stablecoin.
They warn the technology could boost foreign weapons and stress the need for oversight to prevent crypto-linked corruption from threatening U.S. security

The two lawmakers, in a September 23 letter, called for an investigation into White House AI and Crypto Czar David Sacks and World Liberty Financial co-founder Steve Witkoff over allegations they pushed for the sale of “sensitive national security technology” to the United Arab Emirates (UAE), raising concerns about conflicts of interest and potential ethics violations.

Source: U.S. Senate Banking Committee

“If public reporting is accurate, it appears that Mr. Sacks and Mr. Witkoff, in exchange for personal benefit, may have aided a foreign power’s effort to acquire U.S. technology that could present serious economic and national security risks,” the letter wrote. Warren and Slotkin warned that the technology in question could potentially be used to strengthen foreign weapons systems, posing a threat to U.S. service members.

Additionally, the Senators alleged that Sacks and Witkoff were instrumental in the administration’s move to ease national security restrictions on exporting advanced AI systems to the UAE, a deal they have both publicly defended.

Warren and Slotkin noted, however, that neither has disclosed financial connections to the UAE’s national security advisor, Sheikh Tahnoon bin Zayed Al Nahyan, nor the personal gains tied to the Sheikh’s $2 billion investment in President Trump’s stablecoin, USD1. The lawmakers further revealed that Zach Witkoff, CEO of World Liberty Financial and son of Steve Witkoff, did not step aside from participating in the decisions under scrutiny.

Furthermore, Warren and Slotkin have urged the inspectors general of the Commerce Department, State Department, and the Office of Government Ethics to investigate Sacks and Witkoff. They emphasized the need to ensure that digital assets, including World Liberty Financial’s stablecoin, are not being used to enrich President Trump or senior officials at the expense of the public interest.

“The pattern of these transactions is deeply troubling and reveals that Mr. Witkoff and Mr. Sacks were in positions to control government decisions to personally enrich themselves – even as they created significant national security concerns,” the letter wrote.

The Senators emphasized that the requested investigation carries urgency not only because of its national security implications but also as Congress weighs legislation on digital asset market structure. They argued that oversight is necessary to prevent potential crypto-related corruption from threatening U.S. security.

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Lawmakers Push SEC to Fast-Track Trump’s Crypto 401(k) Retirement Plans

Michaela — Tue, 23 Sep 2025 12:23:35 +0000

The U.S. Securities and Exchange Commission (SEC) has been urged by nine lawmakers to act on President Donald Trump’s executive order to fast-track the inclusion of alternative assets, including crypto, in U.S. retirement plans.

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Key points:

Nine U.S. lawmakers urged the SEC to expedite Trump’s executive order allowing crypto in 401(k) retirement plans and adjust regulations as needed.
Easing restrictions could give Americans more flexibility in retirement planning, though critics warn alternative assets carry higher risks, fees, and lower transparency.
Allowing crypto in retirement plans could help normalize digital assets as a mainstream investment, attracting broader participation from developers, investors, and financial institutions.

In a letter to SEC Chair Paul Atkins, the nine lawmakers urged the commission to expedite last month’s executive order allowing crypto investments in U.S. 401(k) retirement plans. They also requested the SEC consider any regulatory or guidance adjustments needed to implement the directive effectively.

“Given these directives, we encourage the SEC to provide swift assistance to the Secretary of Labor and to make any necessary revisions to its current regulations and guidance,” the letter wrote. “We are hopeful that such actions will help the 90 million Americans that are currently restricted from investing in alternative assets to secure a dignified, comfortable retirement,” it added.

In August, President Trump signed the executive order aimed at giving alternative asset managers greater access to trillions in U.S. retirement funds, potentially reshaping how Americans save and grow wealth. The White House noted that regulatory hurdles and concerns over legal challenges have limited retirees’ ability to invest in options that might offer higher returns.

Officials argue that easing these restrictions could give Americans more flexibility in retirement planning. Critics warn, however, that alternative assets often carry higher risks, lower transparency, and increased fees compared with traditional retirement investments.

Retirement Plans Could Open the Door for Crypto and SHIB Growth

If U.S. retirement accounts begin allowing crypto investments, the impact could ripple far beyond the biggest names like Bitcoin and Ethereum. Ecosystem tokens such as SHIB stand to gain from increased exposure to long-term, institutional capital.

With an estimated $93 billion in potential inflows into 401(k) plans, even a small portion directed toward SHIB could significantly boost its adoption, market stability, and credibility.

Broader participation from retirement funds could also help normalize crypto as a mainstream asset class, attracting more developers, merchants, and investors to the space. This move could mark a pivotal step in blending traditional financial systems with the emerging decentralized economy, strengthening both investor confidence and market growth.

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Trump and Starmer Memorandum Seal US-UK Pact on AI, Quantum Tech, and More

Michaela — Fri, 19 Sep 2025 10:14:50 +0000

U.S. President Donald Trump and U.K. Prime Minister Keir Starmer have signed a memorandum of understanding (MOU) during Trump’s state visit to London, outlining plans for joint development in artificial intelligence (AI), nuclear energy, telecommunications, and quantum computing, with applications spanning space exploration, defense, and advanced medical innovations.

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Trump and Starmer sign a nonbinding MOU for joint development in AI, quantum computing, nuclear energy, and telecom, with applications in defense, space, and medicine.
The agreement establishes a Ministerial-Level Working Group to guide bilateral cooperation, set priorities, and oversee implementation of joint initiatives.
The partnership aims to accelerate AI research, strengthen nuclear security collaboration, and create a U.S.–UK benchmarking taskforce to drive innovation and industry certainty.

On Thursday, President Trump and Prime Minister Starmer signed the MOU, a nonbinding agreement that leaves existing treaties intact but sets out plans for collaborative research across multiple government departments and agencies in both nations to advance work on emerging technologies.

The agreement calls for the creation of a Ministerial-Level Working Group, designed to act as a strategic forum for shaping bilateral cooperation, establishing priorities, and monitoring the rollout of joint initiatives.

At a joint press briefing, President Trump emphasized the economic impact of the partnership, noting that the visit helped catalyze $350 billion in industrial deals. He emphasized that both nations are committed to making the UK a secure and dependable hub for top-tier AI hardware and software.

The agreement outlines plans to advance cutting-edge research and development, aiming to accelerate AI applications in scientific fields through initiatives such as automated laboratories and shared computing resources. It also emphasizes strengthened collaboration on nuclear security and non-proliferation programs, while establishing a U.S.–UK benchmarking task force to drive innovation and provide greater certainty for industry.

“Welcoming a longstanding partnership to deliver on their joint objectives to maintain and strengthen their strategic leadership in science and technology, leveraging shared values, complementary capabilities, and coordinated policy approaches to address global challenges,” the memorandum wrote.

The memorandum of understanding signals a long-term commitment by both nations to remain at the forefront of emerging technologies, fostering collaboration that could reshape global standards in these sectors. The move positions the U.S. and UK to influence international tech policies and accelerate commercial applications across multiple high-impact sectors.

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US Lawmakers Press SEC on Justin Sun, Trump Ties, and Tron Nasdaq Listing

Michaela — Fri, 19 Sep 2025 09:38:06 +0000

Two members of Congress, Senator Jeff Merkley and Representative Sean Casten, have called on the Securities and Exchange Commission (SEC) to explain its decision to drop an enforcement case against Tron founder Justin Sun and clarify how it handles crypto firms going public on U.S. exchanges.

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Key proints:

Lawmakers Jeff Merkley and Sean Casten have asked the SEC to explain its dropped fraud case against Justin Sun and clarify rules for crypto listings.
They cited Sun’s ties to Donald Trump, including investments in the $TRUMP memecoin and World Liberty Financial, raising conflict of interest concerns.
The letter also flagged Tron’s Nasdaq debut via reverse merger, warning of financial, security, and disclosure risks tied to the process.

In a September 17 letter addressed to SEC Chair Paul Atkins and Acting Director of the Division of Corporation Finance Cicely LaMothe, Merkley and Casten raised concerns about Sun’s business ties with President Donald Trump. The lawmakers questioned whether these connections created potential conflicts of interest or risks of foreign influence, citing the SEC’s decision during the Trump administration to drop its fraud case against Sun.

“Mr. Sun’s decision to take his company public, potentially with the assistance of members of the Trump family, raises significant national security and investor protection concerns,” the letter wrote. “We urge the SEC to commit to ensuring full oversight of Mr. Sun and his company’s attempts to access U.S. capital markets, with particular attention to his concerning ties to President Trump and his family,” it added.

Merkley and Casten noted that the SEC filed a lawsuit against the Tron founder in 2023, accusing Sun of inflating the price of TRX, the native token of his Tron blockchain, to secure $31 million in unlawful gains. The lawmakers also suggested that Sun’s concerns over the case appeared to ease following Donald Trump’s re-election in November 2024.

Additionally, the two members of Congress spotlighted Sun’s significant investments in two cryptocurrency ventures they said “directly enriched the President and his family.” They emphasized that Sun is the largest publicly known investor in both the $TRUMP meme coin and World Liberty Financial (WLF), a decentralized finance initiative backed by Trump and his family.

Merkley and Casten raised concerns over Tron’s July debut on Nasdaq through a reverse merger, arguing the listing poses potential financial and national security risks because of the project’s reported ties to the Chinese government.

“The SEC has previously identified instances of fraud and other abuses involving reverse merger companies,” the letter pointed out. “Reverse merger transactions can enable private companies to bypass the disclosures, scrutiny, and months-long process associated with a formal Initial Public Offering (IPO),” it added.

Furthermore, the two members of Congress urged the SEC to confirm that Tron Inc. complies with the strict requirements for listing on U.S. stock exchanges. They also pressed the agency to address a series of questions tied to their concerns, setting an October 2 deadline for a response.

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Trump Sues New York Times for $15B, Cites Damage to His Brand and Businesses

Michaela — Wed, 17 Sep 2025 10:46:41 +0000

President Donald Trump has filed a defamation and libel lawsuit against the major American newspaper, the New York Times, accusing the newspaper of spreading false claims about him, his family, and his business empire.

Key points:

President Trump has filed a $15 billion defamation and libel lawsuit against the New York Times, Penguin Random House, and several reporters, claiming false and damaging coverage of him, his family, and businesses.
The lawsuit cites multiple articles and the book Lucky Loser, alleging the reporting caused reputational harm and financial losses to Trump’s personal brand and media ventures.
This legal action is part of a broader strategy targeting media outlets; the New York Times has dismissed the case as meritless, defending journalists’ First Amendment rights.

President Trump announced his filing of the lawsuit on his social media platform Truth Social, calling the publication “one of the worst and most degenerate newspapers in the History of our Country”, further claiming that it has become “a virtual “mouthpiece” for the Radical Left Democrat Party.”

Source: Donald Trump

The lawsuit, filed on September 15 in a Florida court, targets the New York Times and publisher Penguin Random House, and also names reporters Susanne Craig, Russ Buettner, Peter Baker, and Michael S. Schmidt.

The filing references multiple articles and the book Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success, authored by Craig and Buettner, which Trump’s legal team characterized as “false, malicious, and defamatory.”

Furthermore, the lawsuit claims that the coverage inflicted significant “reputational injury” on Trump’s personal brand and business ventures, including his media company, resulting in alleged damages worth billions of dollars.

This lawsuit against the New York Times is part of a wider legal strategy by President Trump and his team targeting major media outlets. Previously, Trump filed suits against ABC News anchor George Stephanopoulos and Paramount’s 60 Minutes, both of which were settled for sums exceeding $15 million.

“The Book and Articles are part of a decades-long pattern by the New York Times of intentional and malicious defamation against President Trump. Defendants maliciously published the Book and the Articles knowing that these publications were filled with repugnant distortions and fabrications about President Trump,” the filing wrote. “Defendants simply ignored their breach of journalistic ethics because the Book and the Articles would further the goals of the New York Times and its backers in the Democrat Party,” the filing wrote.

A spokesperson for the New York Times responded on X, dismissing the lawsuit and stating that it “lacks merit.” “It lacks any legitimate legal claims and instead is an attempt to stifle and discourage independent reporting. The New York Times will not be deterred by intimidation tactics,” the spokesperson stated. “We will continue to pursue the facts without fear or favor and stand up for journalists’ First Amendment right to ask questions on behalf of the American people,” they added.

President Trump has filed a lawsuit against The New York Times. Read our statement and reporting on the suit below. pic.twitter.com/PZLRNBpexi
— NYTimes Communications (@NYTimesPR) September 16, 2025

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Trump Battles to Remove Federal Reserve Lisa Cook Ahead of Key Rate Decision

Michaela — Mon, 15 Sep 2025 11:55:18 +0000

President Donald Trump has filed an appeal to remove Federal Reserve Governor Lisa Cook as new evidence emerges, ahead of a critical Fed interest rate decision.

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Key points:

President Trump has appealed to remove Federal Reserve Governor Lisa Cook, citing alleged misconduct, ahead of a key Fed interest rate decision.
New documents suggest Cook accurately reported her Atlanta property as a vacation home, potentially weakening the administration’s mortgage fraud claims.
The legal battle raises questions about presidential removal powers, Fed independence, and could set a precedent for executive authority over federal appointments.

In a September 14 appeal, the Trump administration contends that the “for cause” standard for removing Fed Governor Cook grants the president broad discretion and is not subject to judicial review.

Source: Court Listener

The filing adds that even if the president’s decision were subject to review, any examination would be narrowly confined to the strict standard applied in ultra vires claims. “Cook does not argue that she meets that standard, nor could she,” the filing wrote. “The district court’s conclusion that “cause” excludes pre-confirmation conduct finds no support in text or precedent, and even Cook’s counsel did not advocate for that standard below,” it added.

In late August, President Trump sought to remove Federal Reserve Governor Cook, citing alleged false statements on mortgage documents and concerns over her integrity. He contended that Federal Reserve officials must uphold public trust, and claimed Cook’s actions compromised that confidence.

The dispute has sparked a major legal confrontation over presidential authority to remove Federal Reserve officials, intensifying concerns about central bank independence and prompting scrutiny of the US dollar’s stability.

However, recent documents reviewed by NBC News suggest that Federal Reserve Governor Cook accurately reported her Atlanta property as a vacation home rather than a primary residence, potentially undermining the Trump administration’s mortgage fraud claims.

A May 2021 loan summary from Bank-Fund Staff Federal Credit Union lists the property as a vacation home, while Fulton County public records show Cook did not apply for primary residence tax exemptions.

These developments emerge just days ahead of a Federal Reserve interest rate decision, with expectations that the central bank could implement its first unanimous rate cut since December 2024.

The outcome of the appeal could set a precedent for presidential authority over federal appointments, potentially reshaping the balance of power between the executive branch and independent agencies.

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Putin Adviser Says US Using Stablecoins, Gold to Tackle $37T Federal Debt

Michaela — Tue, 09 Sep 2025 13:40:26 +0000

Anton Kobyakov, an adviser to Russian President Vladimir Putin, has accused the U.S. government of using cryptocurrency and gold to strategically devalue its federal debt amid declining confidence in the dollar.

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Key points:

Anton Kobyakov claims the U.S. is using stablecoins and gold to devalue its $35 trillion debt, moving portions of it into the “crypto cloud.”
Strategies under discussion include Senator Cynthia Lummis’ Bitcoin Act and stablecoin regulation, aimed at managing debt while maintaining the dollar’s global dominance.
Russia is developing a ruble-backed stablecoin to reduce reliance on U.S. dollar stablecoins, highlighting how governments are leveraging crypto in national economic strategies.

“The U.S. is now trying to rewrite the rules of the gold and cryptocurrency markets. Remember the size of their debt—35 trillion dollars. These two sectors are essentially alternatives to the traditional global currency system,” Kobyakov stated during a press briefing at the Eastern Economic Forum.

Putin’s advisor Kobyakov: The U.S. has devised a crypto scheme to erase its massive debt at the world’s expense.

“The U.S. is now trying to rewrite the rules of the gold and cryptocurrency markets. Remember the size of their debt—35 trillion dollars. These two sectors (crypto… pic.twitter.com/R4RDeYtaGg
— Russia Direct (@RussiaDirect_) September 8, 2025

Kobyakov compared the U.S. financial situation to the 1930s and 1970s, claiming that “the U.S. plans to solve its financial problems at the world’s expense.” He added that the government is now attempting this by moving everyone into the “crypto cloud,” suggesting that placing portions of federal debt into stablecoins would allow Washington to devalue it over time.

“Put simply: they have a $35 trillion currency debt, they’ll move it into the crypto cloud, devalue it — and start from scratch. That’s the reality for those who are so enthusiastic about crypto,” Kobyakov stated.

Amid growing debates over digital assets and federal debt, one strategy gaining attention involves using cryptocurrency as a financial tool. Senator Cynthia Lummis’ Bitcoin Act proposes that the government acquire 1 million Bitcoin over five years and hold it for two decades, unless the tokens are used to reduce federal debt.

U.S. officials stress, however, that the main goal of stablecoins is to strengthen the U.S. dollar’s status as the world’s dominant currency. In July, President Donald Trump advanced U.S. crypto policy regarding stablecoins by signing the GENIUS Act into law, marking a notable step in digital asset regulation.

Russia, on the other hand, is developing a ruble-backed stablecoin aimed at reducing dependence on the U.S. dollar stablecoin Tether, following the blocking of wallets tied to an EU-sanctioned Russian crypto exchange.

The debate over stablecoins, gold, and Bitcoin emphasizes how governments are increasingly exploring digital assets to manage federal debt, maintain currency dominance, and influence global financial systems, signaling a new era where crypto is entwined with national economic strategy.

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The post Putin Adviser Says US Using Stablecoins, Gold to Tackle $37T Federal Debt first appeared on The Shib Daily.

Trump Family Crypto Fortune Soars $1.3B After ABTC, WLFI Debuts

Michaela — Mon, 08 Sep 2025 07:43:51 +0000

The Trump family has gained an estimated $1.3 billion in wealth, fueled by the trading debut of American Bitcoin (ABTC) and returns from World Liberty Financial (WLFI), a decentralized finance project tied to them.

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Key points:

The Trump family gained an estimated $1.3 billion from the trading debuts of ABTC and WLFI, with Eric Trump’s ABTC stake valued over $500 million and WLFI contributing $670 million.
ABTC and WLFI experienced significant volatility, with ABTC surging to $14 before dropping over 50% and WLFI falling more than 40% after its launch on September 1.
The family’s crypto involvement has increased attention on the sector, influencing crypto-friendly momentum while also drawing scrutiny over potential conflicts of interest.

According to a report by Bloomberg, WLFI contributed $670 million to the net worth of President Donald Trump’s family. Eric Trump, the president’s son and co-founder of ABTC, saw his stake in ABTC valued at over $500 million following the company’s trading debut on Wednesday.

Using Wednesday’s market prices, shares of ABTC surged to a peak of $14 before dropping more than 50% to $6.24, forming the basis for the $1.3 billion gain in the Trump family’s net worth. This total excludes around $4 billion in WLFI tokens still subject to lock-up restrictions held by the family. Excluding these tokens, the family’s total net worth is estimated at over $7.7 billion, according to the Bloomberg Billionaires Index.

The involvement of the Trump family in the crypto industry has drawn increased attention to the sector and helped shift momentum toward more crypto-friendly policies compared with the previous administration.

At the same time, President Trump’s ties to digital assets have sparked scrutiny from lawmakers and industry observers, with critics suggesting the participation of the Trump family could pose potential conflicts of interest.

On September 1, WLFI launched on major crypto exchanges, experiencing an early surge in trading before the token’s price fell more than 40%.

Following its merger with publicly listed Gryphon Digital Mining, American Bitcoin returned to U.S. stock exchanges on Wednesday. ABTC shares faced intense volatility, triggering five trading halts as the price surged to $14 before dropping to around $7.36 per share.

WLFI is a decentralized finance platform co-founded by Donald Trump Jr. and Eric Trump, designed to combine blockchain technology with financial services through its governance and stablecoin tokens.

ABTC focuses on sustainable and scalable Bitcoin mining, aiming to integrate renewable energy solutions into its operations and position itself as a forward-looking player in the digital asset space.

Both ventures have experienced high volatility since their debuts, reflecting strong market interest while also drawing regulatory and investor scrutiny.

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The post Trump Family Crypto Fortune Soars $1.3B After ABTC, WLFI Debuts first appeared on The Shib Daily.

Andrew Tate Loses $67K on WLFI Token, Instantly Bets Again

Michaela — Wed, 03 Sep 2025 12:08:29 +0000

Former kickboxer and online entrepreneur Andrew Tate has suffered a $65,000 loss on a leveraged position in the Trump-backed World Liberty International (WLFI) token, then quickly reopened a long position, pushing his cumulative trading losses to $700,000.

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Key points:

Andrew Tate’s WLFI trades were liquidated on Hyperliquid, extending his total losses to nearly $700,000 across 80 trades.
The Trump family’s WLFI holdings surged past $5 billion after a major token unlock, despite earlier pledges to keep their tokens locked.
World Liberty Financial proposed a buyback-and-burn program, using protocol fees to reduce supply and potentially boost WLFI’s long-term value.

On Tuesday, Andrew Tate’s leveraged long position on the WLFI token was liquidated on the decentralized exchange Hyperliquid. Blockchain analytics firm Lookonchain reported that he immediately reopened a position, continuing to bet on the token’s price rebound despite the initial loss.

Andrew Tate(@Cobratate)'s $WLFI long was liquidated for a $67.5K loss 6 hours ago.

But he did not give up and immediately reopened a long position on $WLFI.https://t.co/09Rmkt6BIb pic.twitter.com/MUhAtqT09G
— Lookonchain (@lookonchain) September 2, 2025

Tate’s latest liquidation on Hyperliquid brings his cumulative trading losses to nearly $700,000 across 80 trades, with a win rate of just 36%. The loss followed a rare $16,000 gain from a 3x leveraged short position on Kanye West’s YZY token.

Andrew Tate(@Cobratate) opened a 3x short on $YZY at $0.8524, now sitting on a profit of $16K.

But he doesn't seem to be good at perps trading.

So far, he's made 80 trades on #Hyperliquid — only 29 were profitable (win rate: 36.25%) — with total losses of $699K.… pic.twitter.com/ZvR9QZEVEk
— Lookonchain (@lookonchain) August 22, 2025

The WLFI token had just launched on major exchanges on Monday, ending months of private-only sales, when Tate placed his latest trade. President Donald Trump and his family’s stake in World Liberty Financial’s WLFI token has surged past $5 billion after the token’s recent unlocking. The project also announced plans to direct all protocol fees toward token buybacks and burns, a strategy aimed at reducing supply and potentially boosting long-term value.

World Liberty had previously pledged that the holdings of its founders, including President Trump and his sons Donald Jr., Barron, and Eric, would stay locked. However, after Monday’s token release, the Trump family’s stake is now estimated at around $5 billion, based on WLFI’s current market price.

Soon after unlocking WLFI tokens, World Liberty Financial introduced a governance proposal to establish a buyback-and-burn program. Under the plan, all protocol fees generated from the platform’s liquidity positions on Ethereum, BNB Chain, and Solana would be used to repurchase WLFI from the open market and permanently retire the tokens from circulation.

The unfolding story around World Liberty Financial ties together high-profile figures from politics and pop culture, with the Trump family’s multibillion-dollar WLFI stake coinciding with Tate’s mounting trading losses on the same token. Together, these developments emphasize both the outsized opportunities and steep risks tied to emerging crypto projects, underscoring how quickly fortunes can rise or fall in the digital asset arena.

The post Andrew Tate Loses $67K on WLFI Token, Instantly Bets Again first appeared on The Shib Daily.

Trump Family’s WLFI Stake Hits $5B Amid Token Unlock and Buyback Plan

Michaela — Tue, 02 Sep 2025 12:12:57 +0000

President Donald Trump and his family have seen their holdings in World Liberty Financial’s WLFI token surpass $5 billion following a major token unlock. The project has also proposed using all protocol fees to buy back and burn WLFI tokens, a move intended to reduce supply and potentially increase value for long-term holders.

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Key points:

Trump family’s WLFI holdings surpass $5B after a major token unlock, releasing nearly 25% of total supply for trading.
World Liberty Financial proposes using all protocol fees to buy back and burn WLFI tokens, aiming to reduce supply and benefit long-term holders.
Despite broad support for the buyback plan, some critics, including SwanDesk CEO Jacob King, warn of potential insider “pump-and-dump” activity.

On Monday, President Trump and his family made nearly 25% of the total 100 billion WLFI tokens available for public trading. Prior to the launch, early purchasers were unable to transact their tokens.

World Liberty had initially stated that the holdings of its founders, including President Trump and his sons Donald Jr., Barron, and Eric, would remain locked. Following Monday’s token release, the Trump family’s stake is now valued at roughly $5 billion based on the current WLFI price, according to The Wall Street Journal.

Data from CoinMarketCap shows that WLFI has seen more than $5 billion in trading volume over the past 24 hours. The token is currently valued at $0.25, reflecting an 11.7% increase during the same period.

WLFI Launches Buyback Proposal Amid Insider Concerns

Shortly after the WLFI token unlock, World Liberty Financial published a governance proposal to launch a token buyback and burn program. The plan would direct 100% of protocol fees from the platform’s liquidity positions on Ethereum, BNB Chain, and Solana to repurchase WLFI tokens from the market and permanently remove them from circulation.

“If this proposal is passed, WLFI will treat it as the foundation of an ongoing buyback and burn strategy. Over time, we will explore expanding the program to include additional sources of protocol revenue, with the goal of steadily increasing the scale of WLFI buybacks and burns as the ecosystem grows,” World Liberty Financial wrote in its proposal.

If approved, the program would raise the relative ownership stake of long-term holders and establish a direct connection between platform activity and token scarcity.

The majority of respondents supported the proposal, though some voiced concerns and expressed skepticism about the team behind the project.

Jacob King, CEO of SwanDesk, stated in a post on X that on-chain data indicates insiders are allegedly selling millions of WLFI tokens, describing the activity as a “blatant pump-and-dump scam.”

JUST IN: On-chain data shows insiders are already dumping millions of $WLFI tokens.

This is a blatant pump-and-dump scam launched today, and @EricTrump is shamelessly shilling it to his sheep. pic.twitter.com/MRxEUpsqEe
— Jacob King (@JacobKinge) September 1, 2025

The post Trump Family’s WLFI Stake Hits $5B Amid Token Unlock and Buyback Plan first appeared on The Shib Daily.

Trump Administration Explores GREAT Trust Plan to Transform Gaza

Michaela — Tue, 02 Sep 2025 12:11:28 +0000

The Trump administration has reportedly developed a postwar plan for Gaza, entitled the GREAT Trust, which would use digital tokens and tokenized land to relocate and rehouse residents under a potential U.S. trusteeship.

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Key points:

The GREAT Trust plan proposes using digital tokens and tokenized land to relocate and rehouse Gaza residents under a potential U.S. trusteeship.
It includes major projects like a special economic zone and links Gaza to the India-Middle East–Europe Economic Corridor (IMEC).
About two million residents could receive digital land tokens, with temporary housing and food subsidies, while blockchain tokenization enables fractional ownership.

A report from The Washington Post outlines a 38-page proposal, the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust), which envisions the U.S. assuming trusteeship over Gaza for a period of at least ten years.

“The Gaza Reconstitution, Economic Acceleration and Transformation (GREAT) Trust will fundamentally transform Gaza (spatial design, economy, governance) and integrate it into the Abrahamic fabric and the broader IMEC initiative,” the alleged proposal states.

The alleged proposal also outlines what it describes as “10 Mega Projects,” including the creation of the Gaza-Arish-Sderot Special Economic Zone, which would feature free trade access to Europe, the Gulf Cooperation Council, and the United States.

The proposal also presents the “Gaza 2035 Regional Vision,” positioning Gaza as a key link in the India-Middle East–Europe Economic Corridor (IMEC) to the Mediterranean. It envisions the territory evolving into a hub for manufacturing, trade, data, and tourism, leveraging its strategic location, access to European, GCC, and Asian markets, abundant resources, and a youthful workforce. The plan emphasizes support from Israeli technology and investments from Gulf Cooperation Council countries to drive development.

Under the GREAT Trust proposal, roughly two million Gaza residents would be relocated, receiving a digital token representing their land. These tokens could be exchanged for housing in one of up to eight proposed “smart cities” or for relocation to other areas. The plan also includes subsidies for temporary housing and food for up to four years to support affected residents during the transition.

The Washington Post reported that the GREAT Trust proposal was developed by the team behind the U.S. and Israel-supported Gaza Humanitarian Foundation, an organization currently providing food aid in the territory. Financial planning for the proposal was carried out by a group that was affiliated with the Boston Consulting Group at the time.

Additionally, two sources familiar with the planning say that key elements of the proposal were designed to advance President Donald Trump’s vision for Gaza. However, it remains unclear whether the plan reflects Trump’s specific intentions or represents a concept currently under consideration.

The GREAT Trust proposal also introduces an “innovative funding model” that would establish a land trust and a blockchain-based registry to record property ownership and enable tokenization. By dividing Gaza’s land into digital tokens, the plan aims to facilitate fractional ownership and increase liquidity within the territory’s real estate market.

The post Trump Administration Explores GREAT Trust Plan to Transform Gaza first appeared on The Shib Daily.

Newsom Mocks Trump With Plan for ‘Trump Corruption Coin’ Meme Coin

Michaela — Mon, 01 Sep 2025 14:53:20 +0000

California Governor Gavin Newsom has announced plans to launch a meme coin named the “Trump Corruption Coin,” aimed at spotlighting the controversial and often criticized role of President Donald Trump in the cryptocurrency market.

Key points:

California Governor Gavin Newsom plans to launch the “Trump Corruption Coin” meme coin to satirize President Trump’s controversial crypto ventures and highlight their “absurdity.”
The project is part of Newsom’s broader efforts to raise awareness, having also parodied Trump’s branding with all-caps X posts and MAGA-style merchandise.
The initiative reflects the growing intersection of politics and digital finance, drawing attention to ethical concerns, transparency, and the influence of high-profile figures in cryptocurrency markets.

“We’re about to put a meme coin out, and you know what, Donald Trump? We’ll see how well your coin does versus our coin,” Newsom stated in an interview on the “Pivot” podcast. He confirmed to podcast co-host Kara Swisher that the meme coin would be called “Trump Corruption Coin,” describing President Trump as “one of the great grifters of our time.”

Newsom described the project as a way to spotlight the “absurdity” of Trump’s actions. In addition, Newsom has recently parodied Trump’s branding by replicating his all-caps X posts and releasing MAGA-style merchandise.

“I’m really worried about this country. I think we’ve crossed the red line. I think it is much more acute and profound than many people think, and I’m just trying to wake people up. That’s what this is all about. Wake up everybody,” Newsome stated.

President Trump has faced increased scrutiny over his crypto activities since his presidency, generating substantial profits from his holdings in World Liberty Financial, a decentralized finance (DeFi) company he founded with his sons, raising concerns about governance and ethical standards in the rapidly growing sector.

Shortly before his January 2025 inauguration, President Trump introduced the $TRUMP meme coin, the same token referenced by Governor Newsom in his podcast interview. In May 2025, Trump held a private dinner for leading investors in the coin, an event that drew widespread criticism, with some officials suggesting it amounted to “selling access” to the presidency.

In July, Trump Media and Technology Group (TMTG), the parent company of Truth Social, reported holdings of roughly $2 billion in Bitcoin and related digital assets. The disclosure revealed that nearly two-thirds of the company’s $3 billion in liquid assets are invested in Bitcoin and associated instruments, with an additional $300 million allocated to an options strategy centered on Bitcoin-linked securities.

The developments emphasize the growing intersection of politics and digital finance, with figures like Governor Newsom using initiatives such as the “Trump Corruption Coin” to critique and satirize high-profile crypto ventures, spotlighting concerns over transparency, regulatory oversight, and the influence of prominent leaders on emerging markets.

The post Newsom Mocks Trump With Plan for ‘Trump Corruption Coin’ Meme Coin first appeared on The Shib Daily.

Trump-Backed World Liberty Financial Set to Unlock 29B Tokens

Michaela — Mon, 01 Sep 2025 14:50:41 +0000

World Liberty Financial (WLFI), a decentralized finance (DeFi) platform supported by President Donald Trump and his family, is set to release 29 billion WLFI tokens at launch, almost a year after its initial governance token sale.

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Key points:

WLFI, a DeFi platform backed by Trump and his family, is set to release 29 billion tokens at launch, over a quarter of its total 100 billion supply.
20% of early presale allocations will become transferable via the project’s Lockbox system, while the remaining 80% will be governed by community voting.
Major exchanges including Binance, OKX, Gate, and MEXC will list WLFI, making it a key test of celebrity-backed crypto influence and market dynamics.

World Liberty Financial (WLFI) will soon officially begin trading on major exchanges, with CoinMarketCap data indicating an initial circulating supply of 29.7 billion tokens, over a quarter of its total 100 billion token allocation.

The WLFI token is set to launch on Monday, September 1, with 20% of early presale allocations becoming transferable via the project’s “Lockbox” claim system. Users have been able to move their WLFI tokens into a vesting lockbox to begin the unlock process since August 25.

The agreement notes that unlocking conditions are flexible and may be modified through future governance decisions or other applicable protocols. Consequently, tokenholders might experience new unlocking frameworks or adjustments to existing release schedules.

Additionally, the remaining 80% of WLFI tokens will be governed by the platform’s community, with future unlocking schedules determined through collective voting.

World Liberty Financial has a maximum supply of 100 billion tokens, with roughly 25% distributed during early presale rounds. Tokens reserved for the platform’s founders, team, and advisors remain locked.

Leading cryptocurrency exchanges, including Binance, OKX, Gate, and MEXC, have confirmed plans to list the WLFI token.

WLFI’s launch could serve as a key test case for how high-profile figures shape market dynamics in the decentralized finance space. Investor sentiment, trading activity, and adoption trends will likely be closely monitored in the coming weeks, providing insight into whether celebrity-backed projects can sustain long-term engagement and influence broader crypto market behavior.

Analysts and market participants will also be watching how WLFI’s governance model and token unlock strategies impact liquidity, community participation, and price stability, potentially setting a precedent for future celebrity-led or high-profile crypto initiatives.

The post Trump-Backed World Liberty Financial Set to Unlock 29B Tokens first appeared on The Shib Daily.

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