World Liberty Financial, backed by the Trump family, received preliminary approval for a national bank trust charter from the Office of the Comptroller of the Currency. This approval allows the company to manage its USD1 stablecoin under federal regulation, potentially complicating the US Senate's efforts to pass the Clarity Act, a key crypto market-structure bill. The Clarity Act had cleared the Senate Banking Committee but faces uncertainty as the Senate adjourned without a final vote. Market odds for the Act's passage in 2026 have dropped to 23.5%, reflecting increased doubts about its enactment this year. Investors and observers should watch for further political developments and regulatory actions that could influence the bill's future.
Cryptocurrency markets rallied strongly this week, with Bitcoin climbing over 20% to nearly $80,000, driven by ETF inflows, improved liquidity, and a risk-on sentiment. Altcoins also performed well, especially Ethena (ENA) which surged over 100%, and...
Justin Sun, founder of Tron, is publicly warning investors about risks related to World Liberty Financial (WLF) and its stablecoin USD1. Sun alleges WLF secretly embedded a backdoor in the WLFI token contract allowing them to freeze or destroy tokens...
Justin Sun, founder of Tron, has filed a fraud lawsuit against World Liberty Financial (WLFI), accusing it of embedding a hidden backdoor in its governance token that allowed WLFI to freeze nearly $1 billion of his holdings after he refused to invest...
A federal judge in California ruled that Justin Sun's personal claims against World Liberty Financial will remain in open federal court, rejecting the company's attempt to move the dispute to private arbitration. Sun, founder of Tron and a major inve...
Justin Sun and World Liberty Financial are embroiled in a legal battle over frozen crypto tokens valued up to $1 billion. A recent California court hearing did not deliver a final ruling but suggested that many of Sun's corporate claims should go to ...
