Senator Rips GENIUS Act, Alleges Trump Cashing In On USD1 Coin
United States Sen. Elizabeth Warren is urging Congress to reject the GENIUS Act, a bill that would potentially pave the way for what she terms “crypto corruption.” Related Reading: Crypto Founder Warns: Skipping XRP Could Be The Real Risk The bill – the Guiding and Establishing National Innovation for US Stablecoins Act – has been […]
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A small US logistics firm hit headlines after announcing plans to hold the TRUMP memecoin as part of its treasury. Freight Technologies Inc.’s share price surged over 100% on Friday after reports of the announcement. Related Reading: Trump-Linked Stablecoin USD1 Fuels $2 Billion Binance–Abu Dhabi Power Move According to a Bloomberg report, the lesser-known company […]
USD1 has pushed past a $5 billion market cap, a rapid climb that has attracted wide attention across crypto markets. Reports say the stablecoin, issued by World Liberty Financial, now ranks among the largest dollar-pegged tokens. Trading has stayed close to the $1 peg even as overall market interest spiked. Some exchanges have added new […]
The stablecoin USD1, issued by World Liberty Financial, has been chosen to handle a major $2 billion investment from MGX into Binance, according to reports. This move marks a new chapter for the crypto exchange and adds fresh attention to the stablecoin space. Related Reading: The Bitcoin That Got Away: Docuseries Explores $800 Million Trash […]
The Senate revived the GENIUS bill on Monday, after a procedural vote put the bill on track to receive the green light. Altcoins like Best Wallet Token could catch steam as a result. GENIUS was initially rejected by the democrats two weeks ago due to concerns relating to Donald Trump’s ‘crypto dealings.’ Dem Senator, Elisabeth […]
Binance, the world’s largest crypto exchange, has broadened support for USD1, the stablecoin tied to World Liberty Financial and US President Donald Trump’s crypto ventures, reports disclosed. The exchange added new spot pairs including ETH/USD1, SOL/USD1 and BNB/USD1, and enabled fee-free swaps between USD1 and other major stablecoins. Related Reading: Is Dogecoin Waking Up? Critical On-Chain Metric Explodes Higher Binance Will Shift Collateral Into USD1 The exchange will convert all collateral backing its Binance-Peg BUSD (B-Token) into USD1 at a 1:1 ratio, a process the company said....