archiveBiden crypto crackdown

Donald Trump’s World Liberty Financial crypto venture will launch a dollar-pegged stablecoin, it said in a statement on Tuesday, after raising more than half a billion dollars from selling a separate digital token. The stablecoin, called USD1, will be fully backed by U.S. Treasuries, dollars and other cash equivalents and is designed to keep a value of $1, World Liberty said in the statement. Dollar-pegged stablecoins such as Tether and USDC have ballooned in recent years and now act as a key cog in the multi-trillion dollar crypto trading industry,...

In recent weeks, though, cryptocurrency prices are down sharply, with some of the biggest digital currencies erasing nearly all of the gains made after Trump’s election win triggered a wave of excitement across the industry.read moreUS President Donald Trump said on Sunday that three cryptocurrencies—XRP (Ripple), SOL (Solana), and ADA (Cardano)—will be included in a new US crypto strategic reserve, spiking their value in market trading.In a social media post, Trump said that his January executive order on digital assets would establish a reserve featuring these currencies. Following the announcement,...