1.46M
6.67M
2025-08-23 14:00:00 ~ 2025-09-01 12:30:00
2025-09-01 14:00:00 ~ 2025-09-01 18:00:00
Total supply100.00B
Resources
Introduction
World Liberty Financial, Inc. is inspired by Donald J. Trump’s vision to pioneer a new era of Decentralized Finance (DeFi), with a mission to democratize financial opportunities and strengthen the US Dollar’s global status through US dollar-based stablecoins and DeFi applications.
The SEC ends claims against Justin Sun and Tron as Rainberry accepts a $10M penalty. The proposed judgment drops broader SEC claims and leaves Rainberry as the lone target. The settlement still needs court approval and bars Rainberry from future violations. The U.S. Securities and Exchange Commission reached a settlement with the Tron network and its founder, Justin Sun, according to a court filing released Thursday. The agreement ends a 2023 lawsuit that accused the crypto entrepreneur and related companies of violating federal securities laws through the sale and promotion of Tron (TRX) and BitTorrent (BTT) tokens. Under the proposed settlement, Rainberry Inc., a company tied to the Tron ecosystem, will pay a $10 million civil penalty and accept a permanent injunction against future violations involving securities regulations. The filing also confirms that the SEC will dismiss all claims against Sun, the Tron Foundation, and the BitTorrent Foundation with prejudice. The decision narrows the regulator’s original enforcement action. The agreement now awaits approval from a federal judge before it can take effect. BREAKING: SEC and Justin Sun reach settlement over Tron lawsuit. Rainberry, a company affiliated with the Tron network, will pay a $10 million fine. Charges against Sun will be dismissed. pic.twitter.com/huE8K5R5qv — CoinDesk (@CoinDesk) March 5, 2026 Court Filing Details and Settlement Terms The SEC filed the proposed final judgment on March 5, 2026. The document outlines the remaining penalties and the scope of the case dismissal. As part of the settlement, Rainberry will only be subject to direct sanctions. The company must pay a $10 million civil penalty within 30 days after a federal judge approves the agreement. In addition, Rainberry will accept a permanent injunction preventing future violations involving alleged wash trading activity. At the same time, the SEC will dismiss its remaining claims against Rainberry with prejudice. The filing also confirms that the regulator will drop all claims against Justin Sun, the Tron Foundation, and the BitTorrent Foundation. The court document explains that a dismissal with prejudice prevents the SEC from bringing the same allegations again in the future for the same conduct. “The Commission has reviewed and approved the terms of the settlement, as reflected in the Consent and proposed Final Judgment,” the filing states. “Rainberry, Justin Sun, the Tron Foundation, and the BitTorrent Foundation have consented to the entry of the Final Judgment.” The proposed settlement does not include disgorgement of alleged proceeds. It also imposes no personal restrictions on Sun and requires no party to admit liability. Background of the SEC’s 2023 Enforcement Case The SEC filed its original complaint in 2023 during the leadership of former Chair Gary Gensler. Regulators accused Sun and affiliated companies of violating securities laws through the sale and promotion of TRX and BTT tokens. The agency alleged that the tokens functioned as unregistered securities. It also accused the defendants of manipulating the secondary market for TRX through what regulators described as an extensive wash trading scheme. According to the complaint, Sun and associates allegedly inflated trading volumes to increase demand for the cryptocurrency. The regulator also stated that Sun and one of his companies earned nearly $32 million from token sales in 2018 and 2019. The lawsuit formed part of a broader wave of enforcement actions that targeted several cryptocurrency firms during that period. The SEC pursued registration violations and market manipulation allegations across multiple cases. Political and Regulatory Context Around the Case After President Donald Trump returned to office in January, the SEC began scaling back several enforcement actions against crypto companies. Acting Chair Mark Uyeda oversaw many of those changes before Paul Atkins later assumed leadership of the agency. An investigation published by The New York Times in December reported that regulators had eased or paused more than 60 percent of crypto enforcement cases inherited from earlier administrations. In many situations, the agency froze litigation, reduced penalties, or dismissed claims. The analysis also reported that some of the cases involved firms with financial ties to Trump. Sun had purchased about $75 million worth of World Liberty Financial tokens following Trump’s reelection in 2024. Related: Justin Sun’s WLFI Wallet Blacklisted After $9M Transfer to HTX Those tokens connect to a company partly owned by Trump and members of his family. By mid-2025, Sun’s total holdings, including unvested tokens, reportedly reached nearly $700 million. The SEC paused its case against Sun last year while settlement discussions moved forward. The pause occurred alongside similar actions affecting other cryptocurrency firms. Meanwhile, Sun addressed the outcome in a statement posted on X. “Today’s resolution brings closure, but I never stopped building,” he wrote. “I will continue to focus on accelerating innovation in the United States and around the world and look forward to working with the SEC to develop guidance and regulations for crypto going forward.” I am very pleased to confirm that the SEC has moved to dismiss all claims against me, Tron Foundation, and BitTorrent Foundation. Today’s resolution brings closure, but I never stopped building. I will continue to focus on accelerating innovation in the United States and around… — H.E. Justin Sun 👨🚀 🌞 (@justinsuntron) March 5, 2026 Spokespeople for Tron did not respond to requests for comment before publication. An SEC spokesperson also declined to comment on the settlement terms. With the proposed judgment now before a federal judge, the outcome raises a broader question for the crypto industry: will similar enforcement cases follow the same path toward negotiated settlements? Tags Market News SEC News
BlockBeats News, March 6, U.S. Senator Elizabeth Warren publicly criticized the U.S. Securities and Exchange Commission for reaching a $10 million settlement agreement with Justin Sun and dropping related charges, stating that the regulatory agency is becoming a "watchdog" for Donald Trump and his crypto allies. According to reports, the settlement involves a case related to Rainberry, stemming from a lawsuit filed by the SEC against Justin Sun and his companies in 2023, accusing them of illegally issuing digital assets, manipulating trading volumes, and concealing payments to celebrities for promotional activities. In the agreement, Justin Sun neither admitted nor denied the related allegations. Warren stated that Justin Sun had invested about $90 million in crypto projects related to the Trump family, including purchasing at least $75 million worth of WLFI tokens and about $18 million in TRUMP Meme coins. She emphasized that any crypto legislation advanced by Congress must prevent the president from "profiting through crypto businesses." According to reports, since Trump's return to the White House in 2025, the SEC has suspended or dropped several cases in the crypto industry, including certain enforcement actions against an exchange, Ripple Labs, and another exchange, indicating a clear shift in regulatory attitude. Justin Sun stated that the settlement brings the case to a close, and that he will continue to promote crypto innovation and work with regulators to develop industry rules in the future.
The market structure and recent activity from the Trump‑linked World Liberty Finance team suggest WLFI may be headed for a significant decline. While the broader market has been recovering, WLFI continues to struggle and lose value. At press time, the overall market was up 4.15% in the past 24 hours, but WLFI fell 3.55% to $0.1032. Despite the drop, trading volume surged more than 85% to $156.75 million, showing strong participation. Rising volume alongside falling prices indicates that traders and investors remain actively engaged with the token. Why is WLFI’s price continuing to decline? Looking at the broader market and WLFI’s price, you might be wondering what is driving the asset’s price lower continuously. The factor supporting the asset’s downside move appears to be the WLFI team itself. Recently, the crypto transaction tracker shared a post on X noting that the team dumped a massive 16.71 million WLFI tokens, worth $1.74 million, into OKX. The transaction tracker further noted that the team is likely to deposit more tokens into centralized exchanges (CEXs), which has added additional bearish pressure on the asset. Source: X/OnchainLens Apart from the team’s activity, another key factor driving WLFI’s price lower is a statement by U.S. Senator, who slammed the Trump-based WLFI project. She stated that Donald Trump’s crypto company represents “the most disgraceful presidential corruption scandal in history.” Source: X/blckchaindaily She further noted that anyone who owns 10% or more of WLFI must disclose their holdings, adding that the bank application would be rejected. WLFI price action eyes another 25% fall Besides all this, WLFI’s daily chart shows that the token is at a make-or-break point, as it is hovering near the key support level of $0.097. This support level has held for WLFI since October 2025. Source: TradingView Based on the current price and historical performance, if WLFI fails to hold this key support at $0.097, it could drop by over 25% and potentially reach $0.070. On the other hand, a price reversal is also possible if the price sustains above this level, as it has in the past. If that happens, WLFI could witness a strong upside move. At press time, the technical indicator Average Directional Index (ADX), which measures trend strength, stands at 15.52—below the key threshold of 25, indicating that the asset currently has weak momentum. Why traders eye short-leveraged positions Despite the weak momentum, derivatives data shows that traders are strongly following the current trend by placing significant bets on the bearish side. As per the latest data, intraday traders are over-leveraged at $0.101 on the lower side (support) and $0.111 on the upper side (resistance). At these levels, traders have built $1.22 million worth of long-leveraged positions and $5.64 million worth of short-leveraged positions. Source: CoinGlass This makes it clear that not only is the price falling, but market sentiment also appears to be bearish, as traders strongly believe that WLFI is unlikely to cross the $0.111 level anytime soon in the coming days. Final Summary The team behind World Liberty Finance, linked to U.S. President Donald Trump, has dumped a massive 16.71 million WLFI tokens worth $1.74 million. Price action suggests the asset is at a make-or-break level, and a further decline could lead to another 25% drop in the coming days.
Foresight News reported, according to Onchain Lens monitoring, the Trump family crypto project WLFI team deposited 146.4 million WLFI tokens, worth approximately $15.38 million, into a certain exchange and Bitget, and may deposit more.
Eric Trump, co-founder and Chief Strategy Officer of American Bitcoin Corp. (NASDAQ:ABTC), on Tuesday blasted "Big Banks" as "the greatest hypocrites," arguing that traditional finance is "in mass panic" because it is losing ground to cryptocurrency as the White House tries to break a banking-crypto stalemate that has slowed major digital-asset legislation in the Senate. Eric Trump Accuses Banks Of Blocking Rewards In an X post, Eric Trump, also the co-founder of World Liberty Financial, said banks were "the very institutions that have held a monopoly" and fleeced customers for years, "offering near-zero yields on retail Money Market Accounts while crushing low-balance accounts with exorbitant fees." He added that those firms were "doing everything they can to block the Crypto industry from offering real benefits, perks, and rewards on their platforms." The "Big Banks"—the very institutions that have held a monopoly and screwed their customers for years, offering near-zero yields on retail Money Market Accounts while crushing low-balance accounts with exorbitant fees—are now doing everything they can to block the Crypto industry… — Eric Trump He wrote, "They are the greatest hypocrites and are in mass panic given they know they are losing the digital finance race!" He has previously criticized banks for profiting from inefficiencies such as transfer delays, framing crypto rails as faster and more consumer-friendly. Trump Pressures Wall Street On Clarity Act Eric Trump’s post landed as President Donald Trump publicly pressured Wall Street to stop blocking progress on crypto rules. In a Truth Social post on Tuesday, the president said, "The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda … if we don't get The Clarity Act taken care of," adding that Wall Street firms "need to make a good deal with the Crypto Industry" to move a pending market-structure bill. JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon on Monday said crypto firms that offer stablecoin rewards should follow banking rules, arguing that rewards amount to interest. In a CNBC interview, he suggested a compromise that pays rewards on transactions rather than balances and said, "If you are going to be holding balances and paying interest, that’s the bank… If they want to be a bank, so be it." Stablecoin Yield Fight Stalls Senate Action Reuters has reported that the core dispute centers on whether digital-asset platforms should be allowed to offer rewards programs that pay yield to users who hold dollar-pegged stablecoins, a flashpoint that has fueled an aggressive lobbying fight and repeatedly delayed Senate action. The iShares Bitcoin Trust ETF (NASDAQ:IBIT), which tracks the price of Bitcoin (CRYPTO: BTC), was down 1.26% on Tuesday, closing at $38.70 per share and slid a further 0.96% overnight. Photo courtesy: Maxim Elramsisy / Shutterstock.com
World Liberty Financial is moving to consolidate governance power by introducing a six-month staking requirement for voting rights. A newly proposed framework would require holders of unlocked WLFI tokens to stake them for at least 180 days before gaining access to protocol governance. The initiative introduces capital-tiered participation levels tied to large staking commitments and USD1-related incentives. In brief WLFI requires 180-day staking before token holders can access governance voting rights. 10M WLFI stakers gain Node status with OTC USD1 conversion access and incentives. 50M WLFI threshold unlocks Super Node tier with expanded partnership privileges. USD1 supply hits $4.7B as market sentiment weakens and Bitcoin tests $66K. New WLFI Proposal Aligns Voting Rights With Capital Commitment and Stablecoin Liquidity Governance eligibility would be explicitly tied to long-term capital alignment. Token holders who stake at least 10 million WLFI—roughly $1 million at current prices—would qualify as “Nodes.” This designation grants access to over-the-counter 1:1 conversion channels into USD1 through licensed market makers. To support liquidity and maintain peg stability, World Liberty Financial said it would subsidize participating market makers. Arbitrage spreads of 10 to 15 basis points per conversion cycle would be passed through to qualifying participants, effectively embedding yield into the conversion mechanism. Higher staking thresholds unlock expanded privileges: Staking 10 million WLFI grants “Node” status and access to OTC USD1 conversion channels. Market makers facilitating conversions would receive project-backed subsidies to maintain price parity. Staking 50 million WLFI, approximately $5 million, qualifies participants as “Super Nodes.” “Super Nodes” receive direct access to the team for partnership discussions and potential commercial incentives. In addition to structural privileges, stakers would earn an estimated 2% annual reward in WLFI, funded by the treasury and contingent on active governance participation. Voting power scales based on both the amount staked and the remaining lock-up duration, reinforcing long-term commitment as the core governance variable. A formal vote date has not yet been announced. USD1 Nears Top Stablecoin Tier as Bitcoin Leads Market Lower USD1’s recent expansion provides a structural context for the proposal. Circulating supply has risen to roughly $4.7 billion, positioning the stablecoin among the largest in the market. By tying governance access to USD1 utility, the framework may deepen ecosystem integration while concentrating influence among capital-committed participants. Even with the recent ecosystem development, market response has been muted. WLFI trades at $0.1148, down 0.48% over the past 24 hours, with a market capitalization near $3.2 billion. Price performance continues to mirror broader crypto beta, tracking Bitcoin’s recent 2.55% decline alongside a 2.48% drop in total market capitalization. Sentiment remains fragile, with the Fear & Greed Index signaling extreme fear. Traders are closely watching Bitcoin’s $66,734 level, as additional downside pressure in BTC could amplify short-term volatility in WLFI. Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
World Liberty Financial has implemented on-chain, real-time USD1 proof of reserves, utilizing Chainlink to replace delayed attestations. The upgrade will give users live transparency amid increasing regulatory scrutiny. Donald Trump-linked World Liberty Financial has launched a real-time proof-of-reserves system for its USD 1 stablecoin, offering real-time on-chain verification using Chainlink standards. The project announced that the stablecoin industry still depends on delayed attestations, with most tokens releasing quarterly reports. USD1 previously published monthly updates. Those reports lag due to variations in accounting processes. The new approach eliminates that delay by offering real-time reserve visibility. The stablecoin industry has a transparency problem. Most rely on quarterly attestations. USD1 already does monthly – better than anyone else. But even monthly attestations have a 1-month reporting delay because accounting takes time. We just solved that. Thread 👇 — WLFI (@worldlibertyfi) February 27, 2026 Chainlink Runtime Environment will now obtain reserve data from BitGo, verify it, and store it directly on-chain without human intervention. This system runs continuously to offer users access to live collateral information, rather than relying on periodic disclosures. The dashboard shows the total supply USD1 in supported networks, the total reserve backing, and the current collateralization ratio. All information is publicly accessible, and the code is open source for independent review or local use. The introduction of real-time proof of reserves comes at a time when there has been intense pressure on the USD1 ecosystem. Developers reported that the stablecoin experienced a coordinated attack, during which multiple cofounder accounts were compromised, and influencers were paid to spread FUD. As we reported, short positions were also opened against WLFI, the project’s native token, and USD1 briefly traded at $0.994 during the incident. The shift to live on-chain reserve reporting is presented as a direct response to concerns raised in the wake of the attack, offering users a clear way to verify the token’s reserve data at any moment. World Liberty Financial Bank Charter Review The transparency upgrade comes as the company’s bank charter application faces regulatory scrutiny. During a Senate Banking Committee hearing, Comptroller of the Currency Jonathan Gould said he would consider granting senior lawmakers access to an unredacted version of the application. Senator Elizabeth Warren requested the review to confirm that all required information had been submitted. Trump’s own bank regulator is reviewing the Trump family's application to form a crypto bank. A company tied to the UAE’s top spy is a co-owner. The public deserves transparency, so I asked to see the unredacted application. Here's his response: pic.twitter.com/4XZMz0uBDV — Elizabeth Warren (@SenWarren) February 26, 2026 Some lawmakers expressed concerns about the company’s ties to the family of President Donald Trump. A spokesperson responded that the firm has met all disclosure requirements. However, the White House has previously stated that the family’s involvement does not create a conflict of interest in the charter process. As it awaits the lawmakers’ decision, World Liberty Financial recently proposed introducing staking for WLFI holders. The plan offers a 2% annual return for users who stake tokens for at least 180 days and vote on two governance proposals. As we reported, the company stated that the program is intended to support operational needs and broader participation in network decisions. Despite the launch, WLFI has faced a bearish shift following the recent crypto market crash, trading at $0.1062 , a 7.4 % decline.
Back to the list What’s Next for Polkadot Price After Its Rally to $1.7? cryptonewsz.com 24 m Polkadot price offers a massive breakout from the resistance trendline of a multi-month wedge pattern formation. Derivative actively amplified the price recovery as futures open interest for $DOT jumps to $253 million. The upcoming March 14, 2026 issuance reduction is expected to cut annual token creation by over 50%, tightening future supply. $DOT, the native cryptocurrency of the Polkadot network, has roared back into the spotlight following a massive 34% single-day surge on Wednesday. While the bullish uptick aligns with broader market recovery, the Polkadot price gained additional traction due to its breakout from multi-months resistance, renewed surge in derivative trading, potential ETFs launch, and upcoming halving. Will the coin price sustain further growth? Key Catalysts Behind the Massive $DOT Spike On February 25th, the crypto market witnessed a sudden inflow, following U.S. president Donald Trump’s State of the Union address. The renewed optimism for risky assets pushed Bitcoin price to $69,000 mark before it reverted to $67,000 today. However, the Polkadot price was the star performer among top coins, as it surged over 34% on Wednesday to reclaim $1.7, before its pullback to $1.5 as well. In a recent tweet, cryptocurrency influencer Lark Davis, mentioned three possible reasons why $DOT gave this massive spike. First, anticipation is growing around the initial reduction in issuance of the network set for March 14, 2026, which will reduce the creation of new DOTs by over half yearly and put the network on a trajectory of lesser long-term supply growth. Second, the buzz to bring potential spot exchange traded funds from players such as Grayscale and 21Shares has created expectations for more accessible institutional entry. Third, price action revealed a clean move above the 20-day exponential moving average plus strong resistance around $1.40 with buyers defending levels around $1.23 with patterns often used to suck in momentum driven participants. In addition, the open interest associated with $DOT’s futures contracts recorded a significant increase. According to Coinglass data, Polkadot’s OI jumped $148.5 million to $253.2 million in the last 48 hours. This buildup points to heightened trader positioning and leveraged bets aligning with the spot price advance, reflecting growing market participation amid the volatility. Polkadot Price Exits Multi-Month Correction Over the past five months, the Polkadot price correction has maintained its trajectory strictly between two converging trendlines, revealing the formation of a falling wedge pattern. The chart setup is commonly spotted at the end of a downtrend as shallows dip during the lower-low formation in price suggest weakening bearish momentum. Amid the recent market jump, the $DOT coin gave a decisive breakout from the pattern’s resistance trendline at $1.4. The breakout signals a shift in market momentum as buyers could acquire a key support to drive higher recovery. The daily RSI slope back above 55% mark reinforces the recent breakout with positive market sentiment. With sustained buying, the post-breakout rally could push the price to $2.35 for its initial target. $DOT/USDT -1d Chart On the contrary, the Polkadot price is down 6% today, preparing to retest the breached resistance as potential support. If the buyers failed to defend the new support, the price reenters the wedge pattern zone, the bullish thesis will get invalidated. Latest news Hot Insider Information on the Clarity Act, the Cryptocurrency Law Everyone in the US Has Been Waiting For: “There’s a Serious Obstacle” en.bitcoinsistemi.com 6 m A 40% XRP Crash Couldn’t Shake Its Strongest Holders — Is $1.70 Still Possible? beincrypto.com 25 m Sora Ventures-Backed Bitplanet Reaches 300 Bitcoin, Ranks Among Asia’s Top 20 Corporate Holders bitcoinmagazine.com 27 m Gensler Allegedly Admits He Was Wrong About Ripple u.today 28 m WLFI Token Deposit Sparks Market Speculation: World Liberty Financial Moves $1.31M to OKX bitcoinworld.co.in 29 m Hyperliquid price forms macro lower high, $22 downside target emerges crypto.news 30 m Top 5 Cryptocurrencies
World Liberty Financial (WLFI), a crypto venture backed by the Trump family, has unveiled a governance proposal that would require long-term staking to unlock voting rights while deepening incentives around its stablecoin, USD1. The initiative is designed to concentrate decision-making power among committed participants and expand USD1’s role within the ecosystem. In brief 180-day WLFI staking required to unlock governance voting rights. Stakers earn 2% APR by voting twice during lock-up period. USD1 incentives expand via deposits and DeFi integrations. Node holders gain 1:1 stablecoin conversion and fiat off-ramps. WLFI Targets Long-Term Holders With Governance Staking and USD1 Rewards Under the proposal, token holders must stake their WLFI for at least 180 days before becoming eligible to vote on governance matters. The objective is to limit short-term influence and align protocol decisions with longer-term stakeholders. Stakers who participate in at least two governance votes during the lock-up period would earn a 2% annual percentage rate (APR). Voting weight would scale based on both the amount of WLFI staked and the remaining lock-up duration. Importantly, tokens remain eligible to vote while locked. The framework also links staking participation to expanded USD1 utility across WLFI markets and external DeFi integrations. Key components include: A minimum 180-day staking requirement to activate governance voting rights. A 2% APR reward for stakers who participate in at least two votes. Enhanced incentives for USD1 deposits on WLFI Markets, supported by the DeFi protocol Dolomite. Tiered privileges for large holders, including direct stablecoin conversion services. Wallets holding at least 10 million WLFI tokens, classified as “Nodes,” would gain access to service providers offering 1:1 conversions of major stablecoins such as USDC and USDT into USD1, as well as fiat off-ramp capabilities. “Super Nodes,” defined as holders of more than 50 million tokens, would receive similar access and may qualify for participation in a future revenue-sharing structure. Three-Phase Rollout Planned as USD1 Competes in Concentrated Stablecoin Market Governance approval would require participation by at least 1 billion voting tokens, with a simple majority required for passage. With more than 27 billion WLFI tokens currently in circulation, the quorum represents a meaningful engagement threshold relative to supply. If approved, implementation would unfold in three phases. The first would activate staking rewards and USD1 deposit incentives. The second would introduce conversion services. The final stage would broaden strategic partnerships and formalize revenue-sharing mechanisms for Super Nodes. The proposal arrives amid a highly concentrated stablecoin market. According to DefiLlama, total stablecoin market capitalization exceeds $309 billion. USDT dominates with roughly $183 billion, accounting for about 59% of the market, while USDC holds approximately $75 billion. With a market value of around $4.7 billion, USD1 ranks fifth in the stablecoin sector. It remains significantly smaller than the top two issuers but is positioned in the upper tier of the sector. Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Key Takeaways: WLFI expects individuals to stake unlocked tokens to vote and active participants can receive the yield of 2% APR. Access OTC USD1 and partner benefits by participating Node (10 million WLFI) or Super Node (50 million WLFI). This plan moves profit from stablecoin arbitrage business (from intermediaries) to long-term governance participation members. World Liberty Financial (WLFI) has introduced a sweeping governance overhaul that ties voting power, stablecoins access, and partnership flow directly to staking commitment. This makes USD1 the center of the incentive system. Table of Contents Governance Now Requires Staking Commitment Tiered Structure: Nodes and Super Nodes Node Tier: 10M WLFI Threshold Super Nodes: $5M Governance Commitment Governance Now Requires Staking Commitment According to this proposal, unlocked WLFI token holders need to stake these tokens to participate in governance voting. The minimum time of locking is 180 days. Locked token holders can still vote without supplementary stake request implementation. The amount of your stake and the duration of time you stake are nonlinear in a formula that calculates your voting power. The system is created to eliminate the possibility of a few people having excessive influence yet rewarding those locking longer the rewards. The payout is an approximate of 2% annually and is only gained when voting twice upon having the tokens locked. The payoffs are provided by WLFI treasury rather than profits. Governance rights are not transferable and they decrease as your lock duration reduces. Simply put, the key to influence is seen in the level of commitment you have and not only the level of ownership. Tiered Structure: Nodes and Super Nodes Node Tier: 10M WLFI Threshold A stake of 10 or more WLFI (about one million dollars nowadays) qualifies you to be a Node. Nodes receive simple staking privileges and have access to OTC instruments that allow them to exchange stablecoins with USD1. WLFI will cooperate with market makers who are licensed that investors/participants can swap 1:1 USD1 with USDT, USDC or other supported coins. This protocol will subsidize these agreements, by doing this, it can move arbitrage margins which previously held by institutional market makers, about 10-15 basis points of each cycle to participating Node members. Nodes must complete KYC procedures and may also earn additional governance-token rewards tied to USDT-to-USD1 conversion volumes. These volume-based incentives are limited to the first 1,000 qualifying Nodes and settle every six months. Super Nodes: $5M Governance Commitment Super Nodes require a 50 million WLFI stake (estimated at approximately $5 million nowadays). They and all of their benefits as a Node in addition to being able to contact the WLFI team directly regarding partnership discussions.
Story Highlights Elizabeth Warren calls World Liberty Financial charter bid serious corruption risk. $500 million UAE-linked investment raises national security transparency concerns. Following this, WLFI token price dropped 30% amid growing political scrutiny. U.S. Senator Elizabeth Warren has strongly opposed World Liberty Financial’s plan to get a national bank charter. She called it a serious corruption issue linked to President Donald Trump. The issue has sparked new concern about crypto rules, foreign investment, and political influence in the digital finance industry. World Liberty Financial Bank Charter Application Faces Scrutiny According to the filing on February 23, 2026, World Liberty Financial applied for a national trust bank charter through the Office of the Comptroller of the Currency (OCC). The crypto firm, linked to Donald Trump and his family, plans to issue a dollar-pegged stablecoin called USD1 and offer digital asset custody services. During a Senate Banking Committee hearing, OCC Comptroller Jonathan Gould over the approval process. She warned that granting the charter could create serious conflict-of-interest concerns if a president-linked company gains federal banking authority. The firm is connected to Donald Trump Jr., Eric Trump, and other partners, with Trump listed as co-founder emeritus. If approved, the charter would allow the company to operate under federal oversight similar to other national trust banks. $500 Million UAE Investment Raises National Security Concerns Warren also highlighted a reported $500 million investment tied to Aryam Investment 1, a vehicle linked to Sheikh Tahnoon bin Zayed Al Nahyan of the United Arab Emirates. Reports suggest the investor acquired a 49% stake in World Liberty Financial shortly before Trump’s inauguration. As per the reports, nearly $187 million from the transaction flowed to Trump family entities. Warren argued that such foreign financial ties raise national security and transparency questions. She demanded full disclosure of anyone owning 10% or more of the company. 🚨BREAKING: 🇺🇸Elizabeth Warren calls Trump-backed WLFI the “Worst Presidential #Crypto corruption scandal” and says 10%+ owners must be disclosed or the bank bid will be rejected. pic.twitter.com/qrhKV50v6t — Pushpendra Singh Digital (@PushpendraTech) February 27, 2026 OCC Defends Review Process Comptroller Gould defended the OCC’s review process, stating that applications are evaluated under standard regulatory procedures, not political pressure. He said the only political pressure he had felt came during the hearing itself. The final decision on the bank charter may carry major implications for both crypto markets and political accountability. Meanwhile, World Liberty Financial’s WLFI token has fallen nearly 30% over the past month and is currently trading around $0.1145.
According to ChainCatcher, Senator Warren described the application as "the most egregious" presidential corruption scandal, pointing out that investment institutions related to UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan invested $500 million in WLFI four days before Trump’s inauguration, acquiring a 49% stake, with approximately $187 million flowing to Trump family entities. Warren urged Gould to reject or suspend the review of the application, stating that approval would make him "an accomplice to corruption." Gould refused to intervene, saying the application would be processed according to standard procedures, and countered that the only political pressure he felt came from Warren. Previously, 41 House Democrats had sent a letter to the Treasury Secretary, warning that approving the license could threaten "the legitimacy of the U.S. banking system and its independence from foreign actors."
The World Liberty Financial governance overhaul proposal proposes 180-day staking for voting rights. The WLFI price closely mirrors Bitcoin’s price and overall crypto market sentiment. The key WLFI price levels to watch are the support at $0.115 and the resistances at $0.120 and $0.1428. World Liberty Financial (WLFI) is making headlines with a major governance overhaul proposal that could reshape how its token holders participate in the protocol. The proposal requires all holders with unlocked WLFI tokens to stake them for at least 180 days to qualify for governance voting. This is designed to encourage long-term commitment and reduce short-term speculation. If the proposal passes, voting power will now take into account both the number of tokens staked and the remaining lock-up time. Larger holders who commit for longer periods will have a stronger influence on protocol decisions. In addition to staking requirements, the overhaul introduces a tiered reward system. Token holders who stake and participate in at least two governance votes during the lock-up period can earn a roughly 2% annual yield. These incentives aim to reward active governance engagement rather than just holding tokens passively. WLFI is also integrating USD1 stablecoin usage into its reward framework. Stakers may receive additional benefits for depositing USD1 on the WLFI trading and lending platform. Large stakers, designated as nodes or supernodes, will gain further privileges such as access to USD1 conversion services and priority partnership opportunities. World Liberty Financial (WLFI) token price reaction These reforms come as WLFI’s market performance reflects broader crypto trends. The token currently trades at $0.1155, down about 2.9% over 24 hours, with a market cap of roughly $3.2 billion. Notably, WLFI’s price action has closely mirrored Bitcoin’s recent 2.55% decline, as well as a 2.48% drop in total cryptocurrency market capitalisation. This high correlation indicates that WLFI is behaving as a high-beta asset, amplifying broader market movements. Market sentiment is notably negative, with the Fear & Greed Index indicating “Extreme Fear.” Traders are watching Bitcoin’s price closely, as any significant move below $66,734 could drag WLFI lower. Conversely, Bitcoin’s stabilisation above $66,000 may allow WLFI to consolidate near its current range between $0.115 and $0.12. Technically, WLFI has found short-term support around $0.0994. Resistance levels have been observed at $0.1200, $0.1428, and $0.1632. A sustained move above $0.1200 could pave the way for higher ranges, while failure to hold above support could trigger testing of lower levels near $0.11. The token’s historical price volatility highlights both opportunities and risks. It recently reached an all-time high of $0.3313 but has since declined more than 65%. Its all-time low in recent weeks was $0.09831, showing that buyers have stepped in at sub-$0.10 levels. WLFI price forecast The governance overhaul adds a long-term bullish element, as staking reduces circulating supply and encourages sustained engagement. However, WLFI’s price remains tethered to broader market trends, making Bitcoin and general crypto sentiment key determinants for its short-term trajectory. The immediate support lies at $0.115, and a breakdown below this level may see WLFI test $0.11, especially if Bitcoin weakens further. On the upside, breaking through $0.1200 could open the door to $0.1428, followed by $0.1632 if bullish momentum persists. Share this article Categories Tags
Trump family-backed crypto venture World Liberty Financial (WLFI) has proposed new measures to boost participation in governance through a staking system and incentivize the use of its stablecoin USD1. In its latest proposal on Wednesday, the team suggested governance votes should require holders to stake their tokens for at least 180 days to ensure “voting power is held by participants with long-term alignment to the protocol,” instead of “short-term holders or speculators.” Stakers would earn an annual percentage rate of 2% provided they participate in at least two governance votes during the lock-up period. Governance power would be based on the amount staked and the time left in the lock-up. Users with locked tokens can continue to vote as usual. Source: World Liberty Financial Incentives for USD1 usage on the table too WLFI has been trying to increase USD1 adoption since it launched through rewards programs and partnerships with institutional platforms and other protocols. As part of the staking system, the WLFI team said users who stake their tokens would also gain “additional benefits for USD1 usage,” with USD1 deposits made on the trading and lending platform WLFI Markets attracting unspecified “incentives” from the DeFi protocol Dolomite. At the same time, “Nodes,” holders with at least 10 million WLFI tokens, will gain access to providers who offer conversion of other stablecoins like USDC (USDC) and USDt (USDT) into USD1 at a 1:1 rate and can provide an off-ramp directly to fiat. “Super Nodes,” or holders with more than 50 million WLFI tokens, will also have access to the feature. World Liberty Financial is offering incentives for token holders to stake and participate in governance decisions. Source: World Liberty Financial For the vote to be valid, the WLFI team has set the bar at one billion voting tokens participating, with a majority voting in favor required for it to pass. CoinGecko lists over 27 billion WLFI tokens in circulation. If approved, the rollout will be in three phases: starting with staking rewards and USD1 deposit incentives, followed by the 1:1 conversion feature and lastly partnership access and a revenue-sharing framework for “Super Nodes.” Related: Stablecoin market dominated by USDC and USDT The total market capitalization for stablecoins is over $309 billion as of Thursday, according to DeFi aggregator DefiLlama. USDT has the largest market cap with over $183 billion and a market dominance of 59%. Circle’s USDC is the second-largest stablecoin by market cap, with $75 billion. WLFI’s USD1 is the fifth-largest stablecoin with a $4.7 billion market cap. Magazine:
WLFI has proposed a governance staking system aimed at encouraging more users to participate in governance. According to the proposal, in the future, using unlocked WLFI tokens to participate in governance voting will require staking, with a minimum lock-up period of 180 days. The system will introduce a tiered node structure: ordinary stakers can receive about 2% annualized rewards; users staking 10 million WLFI (about 1 million USD) can become nodes and enjoy stablecoin exchange rights such as USDT, USDC, and USD at a ratio of 11:1; users staking 50 million WLFI (about 5 million USD) can become super nodes and gain direct cooperation opportunities with the WLFI team. The proposal requires a quorum of 1 billion WLFI voting tokens to be valid, with a voting period of 7 days. If approved, implementation will proceed in three phases.
1. WLFI has proposed a governance staking system, requiring tokens to be staked for at least 180 days for voting; 2. US stock market closed with a strong rebound in the crypto sector, Circle (CRCL) surged over 35%; 3. "pension-usdt.eth" closed long positions in ETH and BTC, earning $1.16 million in profit, with total profits exceeding $25 million; 4. Jane Street set a record in Q4 by increasing its holdings of iShares Silver ETF and became the largest holder; 5. Vitalik's selling plan has been 94% completed, with 15,500 ETH sold since February 2; 6. An American politician was banned from using the Kalshi platform and fined for insider trading; 7. US media: US officials envision Israel attacking Iran first, with the US intervening after Iran retaliates; 8. Two senior executives from a16z had a lunch meeting with Republican senators to promote crypto market structure legislation; 9. Major crypto assets such as Bitcoin surged, and the "10 o'clock sell-off" rumor paused after the Jane Street lawsuit; 10. Federal Reserve's Schmid: Inflation remains a key issue for the Fed.
World Liberty Financial [WLFI] has unveiled a new governance proposal on 25 February . It aims to reshape how participation, incentives, and decision-making function across its ecosystem. The proposal outlines a redesigned framework that links governance influence more closely to long-term participation. Also, it introduces new economic and operational roles within the WLFI network. It comes as WLFI continues to expand the footprint of its dollar-backed stablecoin, USD1, and refine the internal mechanics supporting that growth. What the new WLFI proposal introduces At the core of the proposal is a shift toward staking-based governance. Holders of unlocked WLFI tokens would be required to stake their assets for a minimum lock-up period. This will allow them to vote on governance matters, with voting power weighted by both stake size and commitment duration. Locked tokens would retain voting rights without requiring additional staking. The proposal also introduces a tiered participation structure, separating standard stakers from higher-level “node” participants. Larger, verified participants would gain access to features such as direct stablecoin conversion mechanisms and liquidity programs tied to USD1 distribution. Governance rewards, targeted at roughly 2% annually , would be contingent on active participation rather than passive holding. According to the proposal, the design intends to discourage short-term speculation, reward long-term alignment, and concentrate governance influence among participants with sustained exposure to the ecosystem. USD1 distribution and strategic incentives Beyond governance, the proposal places renewed emphasis on USD1’s distribution model. By tying certain stablecoin access and liquidity privileges to governance participation, WLFI appears to be formalizing a closer relationship between its governance token and its stablecoin strategy. The document frames this as a way to redirect value historically captured by intermediaries toward ecosystem-aligned participants, while also strengthening USD1’s competitive position against larger dollar-pegged stablecoins already dominating the market. Context from earlier token access challenges While the proposal is forward-looking, it arrives with historical context. Some WLFI tokenholders previously experienced extended lock-ups and delays in accessing their holdings. The situation is attributed at the time to operational and structural constraints rather than technical failures. The new proposal does not directly address those past issues. Still, they form part of the backdrop against which governance reforms are now being introduced. As a result, the market’s response is likely to hinge not just on the proposal’s design, but on how smoothly it is implemented in practice. What happens next The proposal is expected to move through WLFI’s governance process, where tokenholders will vote on whether to adopt the new framework. If approved, the changes would roll out in stages, with further technical and operational details to be released alongside formal implementation timelines. Final Summary WLFI’s proposal signals a shift toward governance models that prioritize long-term participation over short-term activity. The success of the reset will depend less on design and more on execution, following past operational delays.
Brad Bao, tech entrepreneur, investor and co-founder of electric scooter company Lime, has been named as a defendant in a federal lawsuit alleging a large-scale cryptocurrency fraud tied to blockchain project Cere Network, according to a complaint filed in the U.S. District Court for the Northern District of California. The civil suit, filed by investor Vivian Liu and her investment company, Goopal Digital Ltd., seeks $100 million in compensatory and punitive damages. 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It also includes claims of fraud, negligent misrepresentation, and breach of agreements. The complaint alleges that several individuals connected to the project participated in a coordinated scheme that misled investors about token lockups, fund usage, and the project’s financial integrity. Allegations Center on Cere Network Token Sales The lawsuit centers on San Francisco entrepreneur Fred Jin, founder and operator of Cere, a blockchain-based cloud data storage platform launched in 2019. Jin previously founded Funler, a mobile gaming company, and Bitlearn, an education-blockchain platform. Cere launched a native cryptocurrency, the Cere Token, designed for network transactions and to give token holders a governance role. The project raised roughly $43 million from more than 5,000 retail investors during the token sale in November 2021. The plaintiffs allege Jin promised that insider tokens would remain locked under a strict vesting schedule. Instead, the lawsuit claims insiders transferred tokens to exchanges, including HTX and KuCoin, and sold them aggressively in the weeks after launch. The token peaked at about $0.47 on its first trading day before crashing to roughly $0.06 by the end of 2021, a decline the plaintiffs attribute to the alleged insider selling that violated public vesting commitments. Bao’s Alleged Role as Board Member In crypto, a recognizable name can make or break a project’s ability to attract investment. According to the complaint, Brad Bao played that role at Cere Network. As a board member and Lime co-founder, his presence signaled credible leadership to investors. Plaintiffs allege Bao received director’s fees and an early CERE token allocation for his board seat. They claim he approved transactions that funneled investor funds into the personal accounts of Cere CEO Fred Jin and ignored accounting irregularities that any board member should have flagged. Bao’s legal troubles are not new. He has previously faced a fraud case involving the City of San Francisco and a lawsuit from venture firm Khosla Ventures over a failed $30 million acquisition deal. Claims of Fund Diversion and Offshore Routing According to the complaint, around $41.78 million in proceeds from token sales were routed through intermediary wallets and eventually moved into accounts and entities allegedly controlled by Jin and close associates. The filing references a network of entities across jurisdictions, including Delaware, the British Virgin Islands, Panama, and Germany. The plaintiffs further allege that an additional $16.6 million was withdrawn from corporate wallets and lost in speculative decentralized finance (DeFi) investments, raising additional concerns about internal financial controls and oversight. Disputed Token Promises and Market Manipulation Allegations Vivian Liu claims she was recruited in 2019 to both work for and invest in Cere Network based on assurances of token compensation and profit participation. The complaint states that Liu was allegedly owed 20 million tokens, while Goopal Digital Ltd. was owed 33.3 million tokens, together valued at around $25 million at peak market prices. The filing states that despite repeated requests, neither Liu nor her company ever received the promised allocations. The lawsuit also alleges that market conditions surrounding the token’s launch were artificially influenced. Plaintiffs claim that market-making firm Gotbit Ltd. was engaged to deploy automated trading bots that generated artificial trading volume. According to the complaint, this activity created the appearance of sustained market demand even as insiders were allegedly selling their holdings, obscuring the true level of downward pressure on the token’s price. Pattern Allegations And Legal Scope The complaint portrays CEO Fred Jin as having a recurring pattern of launching ventures, raising capital, and then moving on to subsequent projects, citing earlier initiatives such as Funler and Bitlearn prior to the launch of Cere Network in 2019. Plaintiffs argue that this alleged pattern forms part of a broader racketeering conspiracy underlying the case. Beyond Jin and Brad Bao, the lawsuit names several additional defendants, including Maren Schwarzer, Xin Jin, CMO Martijn Broersma, and director Francois Granade, as well as corporate entities Cerebellum Network Inc., Interdata Network Ltd., and CEF AI Inc. The complaint asserts multiple civil claims, including violations of RICO statutes, fraud, aiding and abetting fraud, negligent misrepresentation, and breaches of advisory and token sale agreements. CERE Price Collapsed The CERE token is now trading around $0.0027, a staggering drop of nearly 99.96% from its reported all-time high. Plaintiffs in the lawsuit describe the token as effectively “worthless” and allege that the project was largely abandoned after the early sell-off. Source: TradingView Why This Matters The case stands out for naming a high-profile tech figure on the board and highlights growing scrutiny of governance in token fundraising, including board oversight, vesting transparency, insider liquidity, and investor concerns over lockups, token allocations, and early-stage market practices. Its outcome could set a precedent, reshaping how crypto boards are held accountable worldwide. Explore DailyCoin’s hottest crypto news right now: People Also Ask: What is a crypto governance issue? Crypto governance refers to how decisions are made in a blockchain project, including protocol changes, fund allocation, and token distribution. Poor governance can create risks for investors. Why do early token distributions matter? Early token distributions can give founders or insiders significant control or financial advantage. Transparent policies help ensure fairness and reduce conflicts of interest. Can founders be held accountable for governance or fund mismanagement? Yes. Legal action can be taken if founders breach agreements, misrepresent facts, or fail to uphold fiduciary responsibilities. .social-share-icons { display: inline-flex; flex-direction: row; gap: 8px; border-radius: 8px; border: 1px solid #dedede; padding: 8px 16px; margin-bottom: 8px; } .social-share-icons a { display: flex; color: #555; text-decoration: none; justify-content: center; align-items: center; background-color: #dedede; border-radius: 100%; padding: 10px; } .social-share-icons a:hover { background-color: #F7BE23; fill: white; } .social-share-icons svg { width: 24px; height: 24px; } Market Sentiment 0% Neutral
The United Arab Emirates built its reputation on physical infrastructure. Ports, airlines, sovereign funds, free zones. The country learned early that long-term competitiveness comes from building systems that attract capital and make it stay. Now that same philosophy is being applied to digital assets. While parts of the crypto industry continue to oscillate between exuberance and contraction, the UAE has taken a more deliberate route. Regulations were clarified early. Licensing frameworks were defined. And once the rulebook was written, builders were given room to execute. Among those builders is Saeed Al Fahim. From Industrial Portfolios to Onchain Architecture Saeed did not enter crypto through trading desks or token launches. His background is grounded in traditional enterprise. As part of one of the UAE’s established business families, he developed experience across automotive, real estate, and industrial procurement, overseeing portfolios that demanded operational rigor and careful capital allocation. Sponsored @media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-a6167040-fbb2-464b-a235-ad8d7419ff89"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-a6167040-fbb2-464b-a235-ad8d7419ff89"] { width: 728px; height: 90px; } } window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "a6167040-fbb2-464b-a235-ad8d7419ff89"; sevioads_preferences[0].adType = "banner"; sevioads_preferences[0].inventoryId = "1a7020d0-8d6f-416c-a378-a48c52cce23b"; sevioads_preferences[0].accountId = "b41b6b73-db60-45a1-abc7-61b71ffe1a82"; sevioads.push(sevioads_preferences); That experience now shapes his work as founder of Tharwa, a stablecoin protocol built around asset productivity and disciplined treasury management. His perspective is pragmatic. Blockchain, in his view, is not a rebellion against the existing financial system. It is a tool for upgrading it. The efficiencies he once pursued in procurement, eliminating friction, improving data visibility, tightening controls, are now being translated into programmable finance. A Regulatory Environment Designed for Scale The UAE’s digital asset framework has become one of its strongest competitive advantages. Through Abu Dhabi Global Market and Dubai’s Virtual Assets Regulatory Authority, the country has created a structured pathway for tokenized assets and licensed virtual asset businesses. This clarity has allowed founders to focus on product design rather than regulatory guesswork. Tharwa’s stablecoin, thUSD, reflects that environment. It is backed one to one by a diversified portfolio that includes Sukuk, UAE real estate exposure, gold, and short duration sovereign instruments. Rather than functioning as idle collateral, these assets are selected for stability and productive capacity. An AI driven treasury system monitors macroeconomic conditions and portfolio risk in real time, adjusting allocations with an emphasis on resilience. The objective is not aggressive yield chasing. It is sustainable capital efficiency. Bridging Institutional Capital and Web3 One of Saeed’s defining advantages is proximity. Based in Abu Dhabi, Tharwa operates near sovereign wealth, regulated asset originators, and institutional banking partners. That ecosystem influences how products are designed. Audit transparency, risk parameters, and governance standards are not afterthoughts. They are embedded at the outset. Saeed’s approach also incorporates Sharia alignment, structuring returns around tangible asset productivity rather than interest based mechanisms. In a region where Islamic finance plays a central economic role, this expands participation while maintaining cultural coherence. The result is a model that sits comfortably between traditional capital markets and onchain infrastructure. Building for the Next Decade Crypto often rewards visibility and short term momentum. Saeed’s focus appears longer in scope. He speaks less about market cycles and more about durability. Less about speculation and more about systems. His thesis is that institutional adoption will not arrive because of enthusiasm alone. It will arrive when infrastructure feels familiar, regulated, and dependable. As tokenization accelerates globally, jurisdictions that combine regulatory clarity with credible asset backing are likely to lead. The UAE is positioning itself for that role. And through Tharwa, Saeed Al Fahim is helping shape what a disciplined, institutionally aligned version of digital money can look like when built with patience rather than hype. People Also Ask: What is a stablecoin? A stablecoin is a type of cryptocurrency designed to maintain a stable value, often pegged to a fiat currency or backed by real-world assets. How do asset-backed stablecoins work? Asset-backed stablecoins are supported by reserves like cash, bonds, gold, or real estate. These assets provide stability and ensure the coin can be redeemed at a consistent value. How do institutional stablecoins differ from regular cryptocurrencies? Institutional stablecoins are designed for regulated markets, often backed by tangible assets, and focus on transparency, compliance, and integration with traditional financial systems. .social-share-icons { display: inline-flex; flex-direction: row; gap: 8px; border-radius: 8px; border: 1px solid #dedede; padding: 8px 16px; margin-bottom: 8px; } .social-share-icons a { display: flex; color: #555; text-decoration: none; justify-content: center; align-items: center; background-color: #dedede; border-radius: 100%; padding: 10px; } .social-share-icons a:hover { background-color: #F7BE23; fill: white; } .social-share-icons svg { width: 24px; height: 24px; } Market Sentiment 0% Neutral
Crypto Legislation Faces Challenges in Congress While a highly anticipated crypto bill remains stalled in Congress, the Trump administration has adopted assertive measures to revive its progress. These efforts have included pointed criticism of Coinbase, the leading crypto exchange, which withdrew its support from the legislation last month. Treasury Secretary Criticizes Crypto Leaders Recently, U.S. Treasury Secretary Scott Bessent has repeatedly targeted crypto executives, including Coinbase CEO Brian Armstrong, for their stance against the bill if its terms are unfavorable. Bessent has called these leaders “nihilists” and “recalcitrant actors,” even suggesting they relocate to El Salvador, as he remarked. Support for Coinbase at Mar-a-Lago Conference Despite the criticism, Armstrong received praise from the Trump family and their business associates during a recent crypto event at Mar-a-Lago. Zach Witkoff, CEO of World Liberty Financial—the Trump family’s crypto venture—commended Armstrong’s approach to the market structure bill, stating, “We applaud you.” During a public discussion at the World Liberty Forum, Witkoff expressed strong support for Armstrong, saying, “We’re super aligned.” Stablecoin Rewards at the Heart of the Debate Coinbase’s decision to step away from the bill was largely driven by changes in the legislation regarding stablecoin rewards. Stablecoins, such as USDC, are digital assets pegged to the U.S. dollar. Coinbase offers users interest—typically around 4%—on their USDC holdings. Traditional banks have opposed these programs, arguing they could make conventional low-yield accounts less appealing. World Liberty Financial’s Stablecoin Initiatives World Liberty Financial has launched its own stablecoin, USD1, which is central to its future plans. The company recently introduced the WLFI Markets app, enabling users to earn rewards, lend, and borrow against their USD1 assets. Additionally, World Liberty unveiled a platform that allows AI agents to autonomously spend USD1 online for tasks and investments. World Liberty also plans to launch a user-friendly app similar to Venmo, allowing stablecoin holders to exchange their assets for fiat currencies and transfer funds internationally. A key feature is that users can continue earning rewards on USD1 while utilizing it for various purposes. World Liberty Aligns with Coinbase’s Approach Given the ongoing debate in Washington over stablecoin rewards, it’s understandable that World Liberty is following Coinbase’s lead. “We are very much aligned with their way of thinking about this,” said World Liberty co-founder Zak Folkman to Decrypt, referring to Coinbase. “Brian’s been doing such a great job.” Controversy Surrounds Coinbase’s Withdrawal Coinbase’s decision to withdraw support for the market structure bill sparked controversy. When Armstrong made the announcement last month, it surprised both Congress and the White House. According to sources familiar with the situation, Trump administration officials were angered by the unexpected move. The sudden change prompted Republican lawmakers to postpone a crucial Senate vote on the bill that was scheduled for the next day. The vote has not yet been rescheduled, and many crypto policy experts in Washington now doubt the bill will pass before the midterm elections slow legislative activity. Ongoing Negotiations and Legislative Priorities The Trump administration has made passing the bill by spring a top priority. Despite tensions with Coinbase, the White House has recently held meetings with executives from Coinbase, other crypto firms, and banks to negotiate stablecoin yields. According to meeting participants, Coinbase’s influence is too significant to exclude from these discussions. Legal Status of Stablecoin Rewards If the market structure bill fails, rewards programs offered by Coinbase, World Liberty, and others would likely remain legal under provisions established by the GENIUS Act passed last year. Scrutiny of World Liberty Financial Since President Trump’s return to office, World Liberty Financial—co-founded by Trump in late 2024—has faced intense scrutiny and investigation from lawmakers. However, the company’s leaders maintain that they operate independently from the White House, as evidenced by their differing views on Coinbase and the market structure bill. “The truth is, we’re just as affected by what happens in Washington as anyone else,” Folkman explained. “We’re observing these developments from the outside, just like everyone else.”
Delivery scenarios
