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How The Second Trump Administration Is Changing Crypto—For Good
Benzinga· 2026-01-29 17:09
Core Insights - President Donald Trump's crypto ventures have reportedly increased his net worth by approximately $1 billion, coinciding with the SEC's decision to drop lawsuits against major crypto exchanges like Coinbase, Binance, and Kraken [1] Group 1: Trump's Crypto Portfolio - Trump's family controls a significant crypto portfolio that includes meme coins, stablecoins, and a pending application for a federally regulated bank [2] - Trump Media & Technology Group plans to accumulate crypto tokens, further expanding the portfolio [2] - World Liberty Financial, a Trump-backed venture, is a key component of this portfolio [2][3] Group 2: World Liberty Financial - World Liberty Financial has applied to launch a national trust bank that would manage billions in customer assets supporting its USD1 stablecoin [3] - Trump and his family own approximately 38% of World Liberty's holding company [3] - The bank application places a Trump-linked business under the oversight of the Office of the Comptroller of the Currency, which is one of Trump's regulatory bodies [3] Group 3: Regulatory Environment - The Trump administration has seen a reduction in enforcement actions against major crypto companies, with the SEC and Justice Department pulling back on crypto regulations [5] - Trump previously pardoned Binance founder Changpeng Zhao, which aligns with World Liberty's stablecoin investment in Binance [5] - Congress is currently considering significant crypto legislation, while Trump signed a bill last summer that integrated stablecoins into the mainstream financial system [5] Group 4: Political Implications - Senator Elizabeth Warren has called for the OCC to pause World Liberty's bank review due to potential conflicts of interest, but the agency has maintained that its process is apolitical [6] - Trump's crypto holdings are directly influenced by regulatory decisions made by his appointees, indicating a potential risk if political power shifts in the future [6]
X @Decrypt.co
Decrypt· 2026-01-29 10:39
World Liberty Financial’s USD1 Tops $5B Market Cap as TRUMP Meme Coin Stumbleshttps://t.co/4zgPziMRKL ...
Japanese Banking Giant’s Crypto Subsidiary Applies for US Banking Charter
Yahoo Finance· 2026-01-28 20:40
The crypto-focused subsidiary of Japan’s largest investment bank has joined the growing list of digital asset firms seeking a coveted banking charter from the U.S. Treasury Department. The subsidiary, Laser Digital, is based in Switzerland and owned by the Nomura Group, the Tokyo investment banking and brokerage giant. On Tuesday evening, Laser announced it had filed an application with the U.S. Office of the Comptroller of the Currency to form a national trust bank. The bank, Laser Digital National Trust ...
Nomura spinoff Laser Digital applies for OCC charter
Yahoo Finance· 2026-01-28 14:37
Core Viewpoint - Laser Digital, a spinoff from Nomura, has applied for a national trust bank charter to enhance its digital asset services and streamline regulatory compliance [1][2]. Group 1: Company Developments - Laser Digital plans to offer custody of digital assets and U.S. government securities, as well as spot trading and staking, but will not engage in direct deposits or trade securities [2]. - The application for the national trust bank charter aims to eliminate the need for state-by-state custody licenses, reflecting the company's strategic move to scale its operations [2]. - Steve Ashley, co-founder of Laser Digital, emphasized that the application aligns with the company's global ambitions and the importance of operating under stringent regulatory standards in the U.S. financial market [5]. Group 2: Industry Trends - The Office of the Comptroller of the Currency (OCC) has seen a significant increase in charter applications, with 18 de novo applications filed in 2025, indicating a growing interest among nonbank entities [2]. - The OCC conditionally approved national trust banking charters for five digital-asset firms in December, showcasing a trend towards regulatory acceptance in the digital asset space [3]. - Industry experts predict that the OCC will receive 25 novel charter applications in 2026, highlighting the evolving landscape of banking and the challenges to traditional banking franchise value [6].
X @Cointelegraph
Cointelegraph· 2026-01-27 11:16
📊 UPDATE: The fastest-growing tokenized asset on Solana is USD1 by World Liberty Financial, up +191.8% MoM, Per Token Terminal. https://t.co/kUitxfwFXD ...
X @Cointelegraph
Cointelegraph· 2026-01-26 01:00
⚡️ NEW: Trump-backed World Liberty Financial sold 93.77 $WBTC worth $8.07M for 2,868 $ETH at $2,813 per $ETH. https://t.co/csOXcdviB2 ...
Eric Trump Says 'Big Banks' Doing Everything They Can To Stop Crypto Legislation For 'Obvious' Reasons: 'The Entire Financial System Is Changing'
Yahoo Finance· 2026-01-24 17:31
Core Viewpoint - Major U.S. banks are resisting cryptocurrency legislation to maintain their monopoly over the financial system, as argued by Eric Trump, co-founder of American Bitcoin Corp. and World Liberty Financial [2][5]. Group 1: Resistance from Traditional Banks - Legacy banks benefit from inefficiencies in traditional finance and lack incentive to support faster, technology-driven alternatives [2][4]. - The current financial system is characterized by intentional delays, such as the inability to send wire transfers after 5 PM on Fridays, which banks exploit to earn interest on idle funds [3][4]. - The opposition to cryptocurrency legislation is driven by the desire of big banks to protect their existing financial practices and revenue streams [5]. Group 2: Impact of Cryptocurrency Legislation - The Senate Banking Committee has delayed the crypto market structure bill to late February or March, following Coinbase's withdrawal of support due to disagreements with the banking industry [5]. - The anticipated market structure bill is viewed as a potential catalyst for the cryptocurrency market, which has seen a decline in Bitcoin prices by 19.8% since a previous bullish prediction by Trump [6].
Eric Trump Says Trump Family-Linked World Liberty Financial's Stablecoin USD1 Has Eclipsed PayPal's Digital Dollar: 'The Shift Is Happening' - American Bitcoin (NASDAQ:ABTC), PayPal Holdings (NASDAQ:P
Benzinga· 2026-01-24 03:41
Group 1 - The USD1 stablecoin issued by World Liberty Financial has surpassed PayPal's PYUSD stablecoin, marking a significant milestone in the cryptocurrency market [1] - Binance announced a $40 million WLFI token airdrop for USD1 holders, which will run until February 20, rewarding users with a 1.2× bonus for collateralized holdings [1] - World Liberty Financial is a decentralized finance platform co-founded by Eric Trump, with the Trump family owning 60% of the company and entitled to 75% of revenue from coin sales [2] Group 2 - Eric Trump has criticized traditional banks, claiming they are attempting to obstruct cryptocurrency legislation, indicating a shift in the financial system [3] - Senators Elizabeth Warren and Jack Reed have called for an investigation into World Liberty Financial over alleged ties to North Korea and Russia, which Eric Trump has dismissed as unfounded [4] - As of the latest data, USD1 has a closing price of $0.9999, a 24-hour trading volume of $6.23 billion, and a market cap of $4.4 billion, compared to PYUSD's closing price of $0.9994, trading volume of $188.38 million, and market cap of $3.75 billion [4]
X @Cointelegraph
Cointelegraph· 2026-01-23 16:01
⚡️ UPDATE: World Liberty Financial partners with Spacecoin to bring onchain finance to underserved regions using satellite connectivity. https://t.co/bvkSedaTeW ...