Key Points Real-world asset tokenization is being embraced as a major trend by key Wall Street players. Chainlink, Ondo, and World Liberty Financial are among the cryptocurrencies that could benefit the most from the trend. Real-world asset tokenization is still in its infancy, so investors would be best off to stick with high-market-cap tokens that have significant support from mainstream financial institutions. 10 stocks we like better than Chainlink › In October, BlackRock (NYSE: BLK) CEO Larr ...

Digital assets related to Binance and President Donald Trump surged on Thursday following news that the U.S. leader had pardoned the crypto exchange's ex-CEO and founder, Changpeng "CZ" Zhao.  Binance's BNB token was among the top-performing cryptocurrencies recently climbing about 4.7% to trade at about $1,115, according to crypto data provider CoinGecko. BNB rose as high as  $1,149 earlier in the day.  World Liberty Financial—WLFI—soared even higher. The Trump- and Binance-backed asset, which runs on Ethe ...

Core Points - Sun Yuchen, known for his unconventional path from winning a writing competition to becoming a major player in cryptocurrency, has invested $75 million in the Trump family-supported project World Liberty Financial (WLFI) [1] - His public image is polarizing, with supporters viewing him as a visionary entrepreneur and critics labeling him a speculator [3] - Sun's cryptocurrency narrative is characterized by evading regulation, starting with the establishment of TRON in 2017, which claims to offer a decentralized platform [4][5] Investment and Regulatory Context - TRON's fundraising occurred just days before a Chinese regulatory ban on token issuance, raising suspicions about Sun's foresight regarding regulatory changes [5] - The project faced accusations of plagiarism in its white paper, suggesting a lack of originality and transparency [5] - Sun's subsequent appointment as Grenada's ambassador to the WTO highlights a controversial shift in his career, leveraging Caribbean citizenship for political protection [6][7] Citizenship and Regulatory Evasion - Sun acquired citizenship from Saint Kitts and Nevis, known for its lax immigration policies, allowing for quick nationality acquisition [8][9] - This citizenship has been associated with facilitating money laundering, making it an attractive option for individuals seeking to evade regulatory scrutiny [9][10] - Sun's strategy involved obtaining multiple citizenships to create legal barriers against potential regulatory actions from stronger nations [12][13] Legal Challenges and Political Connections - The SEC filed a lawsuit against Sun and his companies for unregistered securities issuance and market manipulation, which he contested by claiming the actions were outside U.S. jurisdiction [18][19] - Following a significant investment in Trump-related projects, the SEC paused its civil fraud case against him, raising concerns about political influence in regulatory matters [21][22] - This situation reflects a broader trend of individuals seeking political connections to navigate legal challenges, showcasing the intersection of finance and politics [23] Broader Implications of Neoliberalism - Sun's story exemplifies the contradictions of neoliberal globalization, where market mechanisms often serve elite interests rather than the public good [25][26] - The commodification of citizenship, as seen in Caribbean nations selling citizenship, highlights the challenges to national sovereignty and regulatory frameworks [27] - Sun's narrative of decentralization in cryptocurrency is critiqued as a façade for centralization, undermining the principles of a truly decentralized economy [28][29] Conclusion - Sun Yuchen's trajectory from regulatory evasion to political maneuvering illustrates the inherent flaws in neoliberal ideologies, revealing a significant gap between the ideals of free markets and the realities of power dynamics [32][33]

If distribution of XRP widens through mainstream brokerage channels, and it likely will, the upside for investors can compound. There are a handful of active attempts to get regulatory approval to list spot XRP exchange-traded funds (ETFs), with several applications bunched into the upcoming October decision window. Getting access to retirement capital and other forms of capital from traditional financial accounts could be a significant unlock for catalyzing upward price movement.Ripple's financial products ...