Signed memos reveal that Movement Labs, a Trump-backed crypto startup, offered up to 10% of its token supply to shadow advisers through undisclosed agreements.
The 27-year-old was appointed chairman of Cantor Fitzgerald in February, shortly after his father was named Commerce Secretary by U.S. President Donald Trump.
“There is no investigation into us, as is unambiguously clear at this point,” Anchorage Digital CEO Nathan McCauley said on Wednesday at Consensus 2025 in Toronto.
Hoskinson said being rich lets him ignore VCs and “do [stuff] on principle” like giving away Midnight tokens in a massive multi-chain airdrop to retail users only.
DEK:The congressman said he thinks getting a stablecoin bill and a market structure bill on President Donald Trump’s desk by the August recess is “still doable.”
The request marks an escalation in Congressional scrutiny on whether the President and his entourage are abusing their positions to benefit their crypto businesses.
At Consensus 2025, top asset managers say bitcoin is close to being recognized as a full-fledged asset class — but institutional acceptance still hinges on education, infrastructure, and maturity.
Ripple and Kraken executives said at Consensus 2025 that stablecoin adoption is at a tipping point to become an integral part of the global payment system.