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.

U.S. President Donald Trump has wide-ranging interests across digital assets, including a personal wallet, the WLFI DeFi platform, memecoins tied to the Trump family name and bitcoin holdings strategies by Trump Media and Technology Group. Data cited in the article point to steep price declines in Trump-linked tokens and scrutiny by the Senate Permanent Subcommittee on Investigations. Critics also raise concerns over token structures, foreign investment and potential conflicts of interest alongside pro-crypto policy moves.