Trump | Crypto

A person familiar with the project reportedly said the stablecoin under preliminary discussion by the board would be established as “a means to allow Gazans to transact digitally.” The Board of Peace established by US President Donald Trump, which requires a $1 billion contribution for membership, is reportedly exploring a stablecoin for use in rebuilding Gaza's economy following two years of war triggered by a Hamas terror attack in October 2023. According to a Monday Financial Times report, the board is in the preliminary stages of discussing whether a stablecoin could be used to help rebuild Gaza’s economy. A person familiar with the project reportedly said the stablecoin would not be a meme coin or a replacement for fiat currency, but rather “a means to allow Gazans to transact digitally.” Trump announced the formation of the board in January. Membership requires countries to contribute $1 billion for a permanent, renewable role, while the US, according to Trump’s social media announcement, pledged $10 bi...

The price of World Liberty Financial's token dipped about 7% early on Monday, later reported to be the result of a social media and short-seller attack. World Liberty Financial, the crypto company backed by US President Donald Trump and his sons, reported being targeted by hackers, “paid influencers,” and short sellers in an effort to “manufacture chaos” against the USD1 stablecoin. In a Monday X post, World Liberty said the attack, which happened earlier this morning, failed after hackers targeted “several WLFI cofounder accounts,” opened “massive shorts” against the company’s WLFI token, and “paid influencers to spread FUD [fear, uncertainty, and doubt].” The price of WLFI dipped by about 7% amid the “manufactured chaos,” according to the company, but was trading at $0.1128 at the time of publication. USD1 similarly dropped to about $0.994, briefly losing its peg to the US dollar, before returning to more than $0.999. Read more

A Trump-linked crypto firm is bringing the former president's brand into the structured credit market. World Liberty Financial plans to tokenize loan-revenue interests tied to the Trump International Hotel and Resort Maldives, offering investors exposure to projected interest payments connected to the project's financing rather than ownership of the property itself. With the completion date […] The post Trump’s crypto firm made $1.2 billion in 16 months because it found a way to sell resort debt as tokens appeared first on CryptoSlate.

Bitcoin trades sideways as Trump cites Trade Act for 15% tariffs after Supreme Court limits IEEPA authority, and the market starts watching the 150-day clock It is one of those rare weekend sessions where the chart barely moves… yet it still feels like something is about to snap. Bitcoin is hovering around $68,000, chopping inside […] The post Bitcoin enters a 150-day danger zone as Trump pivots to a 1974 trade law the Supreme Court hasn’t touched yet appeared first on CryptoSlate.

The Supreme Court's Feb. 20 decision striking down President Donald Trump's IEEPA-based tariff program as illegal creates a massive fiscal overhang that could function as an unintended liquidity injection. The Court ruled 6-3 that the International Emergency Economic Powers Act does not authorize the President to impose tariffs, invalidating a program that collected at least […] The post Bitcoin eyes $175B in refund liquidity as Supreme Court nukes Trump tariffs appeared first on CryptoSlate.

US President Donald Trump is now using alternative legal routes to levy tariffs, but critics say his authority to impose them is still limited. United States President Donald Trump announced on Saturday that he is raising the 10% global tariff rate announced on Friday to 15%, which will take effect immediately.  Trump reiterated his criticism of the Supreme Court’s decision to strike down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). In a Saturday Truth Social post, he said: On Friday, Trump announced a 10% global tariff rate to be added on top of already existing tariffs that remained valid after the court ruling, under alternative legal statutes outlined in the Trade Expansion Act of 1962 and the Trade Act of 1974.  Read more

The tariffs are just taxes on American businesses and consumers, while providing no benefit to the economy, critics of Trump's policies say. The tariffs imposed by US President Donald Trump and the 10% global tariff announced by Trump on Friday have drawn critical reactions from US lawmakers, Washington, DC-based think tanks and attorneys.  US Senator Rand Paul said that the Trump tariffs are a tax increase on “working families and small businesses,” characterizing them as a net negative on the economy. “Those tariffs weren’t about security — they were a tax on families and small businesses to bankroll a reckless trade war,” US Congressperson Ro Khanna said.  Read more

The United States Supreme Court ruled on Friday that President Donald Trump could not use national emergency powers to levy tariffs during peacetime. US President Donald Trump announced a 10% global tariff on Friday following the Supreme Court's ruling striking down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). Trump was critical of the Supreme Court’s decision, calling the decision “ridiculous” at Friday’s press conference, and said that he will levy the tariffs under different legal methods, including the Trade Expansion Act of 1962 and the Trade Act of 1974. Trump said: Trump’s tariffs have repeatedly caused severe downturns in markets considered high risk, including crypto and equities, as the threat of tariffs fuels uncertainty and shakes investor confidence. Read more

US President Donald Trump has repeatedly said that tariffs could help pay down the $38 trillion, and growing, US national debt. The Supreme Court of the United States (SCOTUS) issued a ruling on Friday striking down most of US President Donald Trump’s tariffs, with six of the nine Supreme Court justices ruling that the Executive Branch lacks authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). “IEEPA does not authorize the President to impose tariffs,” Friday’s ruling said, adding that the president has “no inherent authority” to impose tariffs during peacetime using the statutes in the IEEPA. The ruling read: Trump claimed that the purported inflow of drugs from Canada, China and Mexico, as well as the “hollowing out” of the US industrial base, constituted a national emergency under IEEPA that justified the tariffs, which the court rejected. In a press briefing following the decision, Trump lashed out at the justices who voted to strike down the tariffs and vowed to get th...

Although US President Donald Trump was not slated to appear at today's event, it will include two senators, the CFTC chair, and industry leaders. Lawmakers, Wall Street executives, and cryptocurrency leaders will meet at US President Donald Trump’s private Mar-a-Lago club for a crypto “forum” organized by World Liberty Financial, the company backed by Trump and his sons. Ahead of the event, the price of World Liberty’s WLFI token surged by more than 23%, to about $0.12 from $0.10. Trading volume in the past 24 hours topped $466 million. On Wednesday, the president’s sons, Eric Trump and Donald Trump Jr. — also the co-founders of World Liberty Financial — along with Coinbase CEO Brian Armstrong, BitGo co-founder and CEO Mike Belshe, CFTC Chair Michael Selig and others will gather to discuss crypto-related policy issues at Trump’s Florida property. Read more

The platform hopes to capture a fraction of the more than $9.6 trillion in daily trading volume in the foreign currency exchange market. World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by the family of US President Donald Trump, announced on Thursday that it will launch foreign currency exchange (FX) and remittance services for its users. The planned foreign exchange and remittance platform, called World Swap, seeks to challenge traditional remittance and FX service providers with lower fees and a simplified user interface, according to Reuters. Daily global FX trading volume surpassed $9.6 trillion in April 2025, according to a report from the Bank of International Settlements (BIS), and the personal remittances market topped $892 billion in annual volume in 2024, according to data from the World Bank. Read more

The crypto market that surged on Donald Trump’s campaign promise of a friendlier US posture is now back near where it started, after an 18-month round trip that added close to $2 trillion in value and then erased roughly the same amount. Data compiled by CryptoSlate put the total crypto market value at about $2.4 […] The post Trump’s crypto “golden age” throws away $2 trillion in profits, leaving those holding dollars as winners appeared first on CryptoSlate.

Erebor doubled its valuation to $4 billion after a $350 million Lux Capital-led funding round late last year. The United States has approved a newly created national bank for the first time during President Donald Trump’s second term, granting a charter to crypto-friendly startup Erebor Bank. The Office of the Comptroller of the Currency (OCC) confirmed the approval on Friday, allowing the lender to operate nationwide, the Wall Street Journal reported, citing people familiar with the matter. The institution launches with about $635 million in capital and aims to serve startups, venture-backed companies and high-net-worth clients, a segment left underserved after the 2023 collapse of Silicon Valley Bank. Read more

Bitcoin fell around 8% on Feb. 3, briefly losing the $73,000 level. A quick rebound took prices to $74,500 as of press time, dampening the intraday correction to 5.8%. The decline marks the lowest price point in the President Donald Trump administration and the weakest level since the November 2024 Presidential Election. The selloff pushed […] The post Bitcoin in freefall hitting lowest price since Trump took office as leverage turns a macro wobble into a brutal cascade appeared first on CryptoSlate.

The US House of Representatives approved a bill on Tuesday that will fund most of the government through the end of September. Lawmakers in the US House of Representatives have approved a bill that will mostly reopen the government after a four-day partial shutdown. In a Tuesday House vote of 217 to 214 in favor of the bill, the chamber approved a roughly $1.2 trillion package already passed by the Senate that will ​​fund most of the US government through Sept. 30. The measure passed with some support from Democrats, many of whom were opposed to provisions in the bill over immigration enforcement policies. US President Donald Trump is expected to sign the legislation and reopen the government, provided there are “no changes” to the Senate bill. The legislation provides the Department of Homeland Security with funding for only two weeks before lawmakers return to negotiate changes related to Immigration and Customs Enforcement (ICE) and the Border Patrol. Read more

New reports says Abu Dhabi royal Sheikh Tahnoon bin Zayed al-Nahyan, or investors tied to him, agreed in January 2025 to invest $500 million into Trump-linked World Liberty Financial for about a 49% stake. WLFI, the governance token of World Liberty Financial, has currently decoupled from Bitcoin price, up around 8% today amid a flat […] The post UAE royal bought Trump influence through reported $500M investment in WLFI digital dollar appeared first on CryptoSlate.

FTX founder Sam Bankman-Fried said in a series of recent X posts that US President Donald Trump was “right on crypto,” while Joe Biden “bungled crypto.” Disgraced FTX founder Sam Bankman-Fried has ramped up his social media praise for US President Donald Trump while taking aim at former President Joe Biden, just days after Caroline Ellison, the former CEO of Alameda Research, was released from federal custody. Since Bankman-Fried’s February 2025 interview with the New York Sun and March appearance with political commentator Tucker Carlson, many see Bankman-Fried as angling for a pardon from Trump. “@realdonaldtrump is right on crypto,” Bankman-Fried said in an X post on Friday, just days after Ellison walked free after serving 440 days in prison for her role in the 2022 collapse of FTX. Read more

President Donald Trump announced he will nominate former Federal Reserve Governor Kevin Warsh to lead the US central bank. In a Jan. 30 post on Truth Social, the president confirmed the selection, writing: Trump’s move follows months of internal jockeying over who would replace Chair Jerome Powell when his term ends in May. Warsh, 55, […] The post Trump’s Fed pick Kevin Warsh is “not nervous” about Bitcoin while plotting a digital dollar takeover appeared first on CryptoSlate.

US President Donald Trump nominated former Fed Governor Kevin Warsh to replace Jerome Powell as Federal Reserve chair, setting up a Senate confirmation fight. US President Donald Trump said Friday he will nominate former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chair of the US central bank, setting the stage for a high-stakes Senate confirmation battle. The decision, announced by Trump on his social media platform Truth Social, confirmed Thursday reports that Trump would move ahead with the 55‑year‑old ex–Fed official and Morgan Stanley banker as his preferred candidate. The president said that he had known Warsh for a long time and had “no doubt” that he would go down as “one of the “GREAT Fed chairmen, maybe the best.” Read more

A tentative deal in Washington has eased some shutdown fears, but with key votes still pending, crypto, gold and silver are trading through liquidity jitters and foreign policy risk. US Senate leaders and the White House said they have reached a bipartisan framework to avert a partial government shutdown, but the agreement still needs to clear key votes in Congress before funding actually expires. Negotiations had stalled over funding for the Department of Homeland Security and immigration enforcement, with the current stopgap spending bill set to lapse Friday at midnight Eastern Time, leaving lawmakers racing to finalize and vote on the package before the deadline. On Thursday evening, President Donald Trump stated that the “only thing” that could slow down the country was “another long and damaging Government Shutdown.” He said that he was “working hard with Congress” to secure the necessary funding. Read more