Overview

• Chainalysis data reveals stark inequities among $TRUMP investors, with 58 wallets profiting over $10 million each while 764,000 wallets report losses.
• The End Crypto Corruption Act, introduced by Democratic Senators, seeks to bar federal officials and their families from profiting from cryptocurrency ventures.
• The GENIUS Act, a bipartisan stablecoin regulation bill, has lost support from nine Senate Democrats over concerns about anti-corruption and national security provisions.
• World Liberty Financial, a Trump family-linked crypto venture, is under scrutiny for facilitating a $2 billion stablecoin deal with an Emirati-backed fund and Binance.
• Ethics watchdogs and lawmakers question the White House’s claim that Trump’s crypto assets are in a trust managed by his children, citing potential conflicts of interest.