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Crypto

U.S. CFTC regulatory retreat under scrutiny as Warren seeks answers on Gemini, Polymarket

U.S. Senator Elizabeth Warren pressed the Commodity Futures Trading Commission over what she called a pullback in crypto enforcement and suspected political interference. Warren asked Chairman Michael Selick to explain reduced enforcement, staffing cuts and whether certain firms received favorable treatment. She cited sharp declines in cases and penalties since the Trump administration began, reports of workforce reductions, and approvals involving Polymarket and Gemini. Warren demanded records by June 18.

Crypto

Trump earns 3.5 trillion won from crypto as investors post losses, analysis shows

U.S. President Donald Trump\'s family earned about $2.3 billion in pre-tax profit from crypto ventures over the past 18 months, while retail investors and shareholders in related listed firms recorded $2.25 billion in losses, an analysis showed. The biggest gains were tied to World Liberty Financial token sales and the TRUMP memecoin, while investors faced lockups and price drops. A Nasdaq-listed firm and a bitcoin miner were also cited.

Crypto

HTX delists Trump family-linked stablecoin USD1 as address freeze dispute escalates

Crypto exchange HTX has halted support for the Trump family-linked stablecoin USD1 and delisted related trading pairs. HTX said issuer World Liberty Financial froze an exchange-related on-chain address without prior consultation, restricting some assets linked to the address. The exchange said it will convert users’ USD1 holdings to tether (USDT) at a 1-for-1 ratio, with details to be announced later. HTX criticised the freeze as lacking communication and transparency and said it is considering legal action.