News with the tag "usd1"

Senator Richard Blumenthal has ripped into the Trump family-led crypto firm World Liberty Financial over its inadequate response to a Senate inquiry. Senator Blumenthal, who represents Connecticut, said the company gave a “seriously inadequate” response as investigation into its business continues. ...

President Trump just watched his biggest crypto push collapse because of his own wallet. On Thursday, the Senate rejected the GENIUS Act, a bill meant to set federal rules for stablecoins. The vote ended 48-49, with three senators missing. And no, it wasn’t party politics that killed the bill—it was...

On a negative development for the US crypto industry, the highly anticipated stablecoins legislation has failed to advance in the US Senate after not receiving enough support from Senate Democrats. Several Republican senators have slammed the Democratic lawmakers for putting “partisan politics above...

USD1 stablecoin, which recently sparked political debate, is growing fast. The stablecoin was issued by World Liberty Financial (WLFI), a crypto firm partially owned by former President Donald Trump and his family. As reported by The Block, on-chain analytics revealed that the total amount of USD1 i...

US President Donald Trump-backed World Liberty Financial’s (WLFI) stablecoin is making its way to the tally of the biggest cryptos in the market. The dollar-pegged USD1 has exploded into the world’s 7th-largest stablecoin in just two months. Launched back in March with a size of $3.5 million supply,...

The Official Trump (TRUMP) token has retained most of last week’s earnings. In the past day, team-connected wallets were sending tokens to centralized exchanges. A wallet linked to the Official Trump (TRUMP) token sent out transactions to centralized exchanges in the past day. The tokens flowed into...