| Mobile Web

Search results for World Liberty

Crypto

Trump omits \'cryptocurrency\' at White House cybercrime roundtable, uses \'cybercurrency\'

U.S. President Donald Trump did not use the terms “cryptocurrency” or “digital assets” at a White House cybercrime roundtable focused on large-scale online fraud and the government’s response. He instead referred to fraud-linked assets as “cybercurrency,” while other participants also avoided the industry’s common terms. The meeting drew renewed attention to conflict-of-interest controversy surrounding crypto businesses involving Trump and his family, and to continued enforcement actions tied to foreign-linked fraud and money laundering.

Crypto

World Liberty stablecoin USD1 market cap falls about $400 million in two weeks

The market capitalisation of World Liberty Financial\'s stablecoin USD1, backed by the Trump family, fell by about $400 million over two weeks. USD1 declined to about $4.02 billion on Oct. 19 from $4.43 billion on Oct. 6, Cointelegraph reported. Onchain Benchmark attributed the drop to concentrated redemptions on Ethereum and BNB Chain. USD1 traded between $0.998 and $1.000 during the period, with no sustained depegging signs.

Crypto

Trump\'s former crypto adviser faces Genius Act conflict-of-interest questions over investment stake

Questions have been raised over whether Bo Hines, a former cryptocurrency adviser to U.S. President Donald Trump, faced a conflict of interest while promoting passage of the stablecoin-focused Genius Act. Reports say Nxum, an investment firm Hines co-founded, received $6.3 million under a contract with stablecoin issuer Tether, with the first payment made while he was in office. Hines is also alleged to have kept in contact with Nxum partners during his White House tenure.