Trump-Backed Crypto Token Falls Short: $WLFI Sells Only 2% of Initial Target
A cryptocurrency project endorsed by former President Trump has achieved just 2% of its original 63 billion token sales goal amid multiple target revisions and centralization concerns. The project's structure, which grants Trump-affiliated entities majority control and revenue share, has raised questions about its alignment with crypto's decentralization principles.
Trump Team Explores First-Ever White House Cryptocurrency Advisor Role
Former President Trump's transition team is evaluating candidates for a groundbreaking White House position dedicated to cryptocurrency policy coordination. The role would bridge communication between Congress, regulatory bodies, and industry stakeholders while aligning with Trump's campaign promises on digital asset regulation.
Chinese Court Rules Cryptocurrency Ownership Legal Despite Trading Ban
A Shanghai court has declared personal cryptocurrency ownership legal in China, classifying digital assets as 'virtual commodities with property attributes'. While individuals can hold crypto assets, the ruling maintains strict prohibitions on commercial crypto activities including trading and mining.
Japan Unveils Landmark Crypto Tax Reforms in Economic Stimulus Package
Japan plans to simplify cryptocurrency taxation by introducing a flat 20% rate, replacing current rates of up to 55%. The reform, part of a broader economic stimulus package, signals the country's commitment to fostering digital asset innovation and maintaining its competitive edge in blockchain technology.
Ethereum ETFs Surge Post-Election: Total Inflows Turn Positive in Market Shift
Ethereum ETFs have attracted over $700 million in new investments following recent elections, marking their first net positive inflows since launch. The surge reflects growing institutional adoption and retail confidence, pushing total ETF assets beyond $4 billion.
Major Token Launch on TON Network Set to Revolutionize Social Engagement Rewards
Popular Telegram mini-app Major, with 30 million users, announces November 28 token launch on The Open Network. The platform's innovative tap-to-earn model and social engagement approach has created substantial interest, with OKX confirmed as first exchange listing.
18 States Challenge SEC's Authority in Landmark Cryptocurrency Regulation Lawsuit
A coalition of 18 state attorneys general has filed a lawsuit against the SEC, challenging its authority to regulate the $3 trillion cryptocurrency industry. The legal battle, coinciding with Trump's election victory, could reshape federal oversight of digital assets as state officials argue against what they view as unconstitutional overreach.
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Former CFTC Chair 'Crypto Dad' Giancarlo Refutes SEC Leadership Rumors
Christopher Giancarlo, known as 'Crypto Dad' from his pro-innovation CFTC tenure, firmly denies rumors about replacing Gary Gensler as SEC Chair. The speculation emerged amid criticism of Gensler's strict cryptocurrency regulatory approach.
GOP House Victory Signals Potential Crypto-Friendly Turn Under Trump Leadership
Recent Republican gains in the House suggest a possible shift toward more crypto-friendly policies under a potential Trump administration. Industry observers note this could lead to lighter regulatory oversight of digital assets, aligning with conservative principles of reduced government intervention.