The US House has moved forward three crypto bills after a record-long procedural vote saw a group of Republicans hold out to ensure language banning CBDCs.

Crypto bills move forward after nine-hour stalemate on House floor

A giant Bitcoin whale with a decade-old stash has started moving its holdings, 
fueling speculation about a potential sell-off. According to blockchain 
tracker Lookonchain, the whale, which resurfaced earlier this month after 14 
years of dormancy, has shifted nearly half…

Satoshi-era whale shuffles holdings as Bitcoin climbs, sell-off next?

The DEA completed this cryptocurrency seizure and other drug-related actions 
as part of Operation Take Back America, resulting in the forfeiture of 
thousands of pounds of fentanyl, cocaine, and methamphetamines. The Sinaloa 
Cartel has been designated a Foreign Terrorist Organization by the U.S. 
government. DEA Confiscated $10 Million in Cryptocurrency From the Sinaloa 
Cartel As […]

DEA Seizes $10 Million in Cryptocurrency Linked to the Sinaloa Cartel

Pakistan and El Salvador have established a joint agreement to further advance 
crypto collaboration between the two countries, specifically in knowledge- 
sharing. According to a recent Bloomberg article, the Head of Crypto Council 
and special assistant to prime minister on crypto…

Pakistan and El Salvador establish crypto-centered bilateral partnership: report

Bilal Bin Saqib met El Salvador’s President Nayib Bukele to discuss Bitcoin 
adoption and signed a Letter of Intent for crypto collaboration.

Pakistan’s crypto minister, El Salvador’s president discuss Bitcoin strategy

Holders of the World Liberty Financial token, WLFI, have voted overwhelmingly 
to make these tokens tradable, a decision that could significantly impact 
their market value and the financial interests of the Trump family. WLFI 
Transition From Voting Rights To Tradable Assets World Liberty Financial, a 
venture associated with Donald Trump’s family, launched the WLFI tokens last 
autumn as part of its decentralized finance (DeFi) platform, which also 
includes a stablecoin called USD1. Initially, these tokens were not designed 
for trading; instead, they granted holders voting rights on certain business 
developments, including changes to the platform&#8217;s underlying code. Related 
Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains 
High, What Next? Early investors were primarily drawn to WLFI due to its 
association with Trump, banking on the expectation that the tokens would 
appreciate in value thanks to his backing. The recent vote to allow trading of 
the tokens marks a crucial shift, enabling market forces to set their prices. 
This transition is likely to attract a wider array of investors, potentially 
generating trading fees for exchanges that list WLFI and fueling speculation 
about the tokens&#8217; future value. Although it remains unclear how this will 
directly benefit the Trump family, the increased trading activity may enhance 
the overall value of their holdings, which are substantial. Trump&#8217;s Potential 
Conflicts Of Interest Critics, including several Democratic lawmakers, have 
raised concerns regarding the ethical implications of the Trump family&#8217;s 
financial involvement in World Liberty Financial. Senator Elizabeth Warren and 
Representative Maxine Waters have voiced their worries to the US Securities 
and Exchange Commission (SEC), arguing that the family&#8217;s financial stake 
constitutes a significant conflict of interest that could influence regulatory 
oversight of the cryptocurrency industry. They pointed out that the WLFI 
tokens have not been classified as securities by the SEC, which means they are 
not subject to the same level of regulatory scrutiny as traditional 
investments like stocks. The White House has maintained that Trump’s assets 
are managed by a trust overseen by his children, asserting that there are no 
conflicts of interest. However, the specifics of this trust arrangement remain 
undisclosed. World Liberty Financial Promises More Details Trump’s company, DT 
Marks DEFI LLC, was allocated 22.5 billion of the total 100 billion WLFI 
tokens, with Trump himself holding approximately 15.75 billion tokens as of 
the end of last year. Reports suggest that the Trump family has generated 
around $500 million from World Liberty since its inception. Related Reading: 
BNB Price Stalls: Struggles to Resume Gains While Altcoins Rally In light of 
the recent vote, the White House declined to comment to Reuters on how the 
tradability of WLFI might affect the family’s financial interests. A 
spokesperson for World Liberty Financial indicated that further details about 
the trading process would be provided soon. The proposal to initiate 
tradability received overwhelming support, with 99.94% of approximately 20,900 
votes in favor. Many token holders expressed their motivations for voting, 
with some citing expectations of price increases and others aligning their 
investment with support for Trump. Featured image from DALL-E, chart from 
TradingView.com