House Democrats Allege Trump Administration Is ‘World’s Most Corrupt Crypto Startup Operation’ – Report

Small Texas lender Monet is entering the cryptocurrency banking sector, backed by billionaire Andy Beal, known for his support of Donald Trump's 2016 presidential campaign. This move positions Monet among a growing number of banks focusing on crypto services, reflecting an evolving financial landscape.

The White House's new National Security Strategy emphasizes increased global fiscal expansion and military spending, which may have significant implications for various asset classes, including Bitcoin, gold, and bond yields. This strategy reflects a shift in U.S. policy under President Trump, aiming to bolster national security through economic means.

U.S. prosecutors are seeking a 12-year prison sentence for Do Kwon, the founder of Terraform Labs, in a case linked to a cryptocurrency fraud that resulted in losses exceeding those from other high-profile collapses, including FTX and OneCoin. The prosecution argues that Kwon's actions led to significant financial devastation, particularly with the TerraUSD crash, which alone accounted for approximately $40 billion in losses.

US prosecutors have requested a 12-year prison sentence for Do Kwon, co-founder of Terraform Labs, citing that his actions led to greater financial losses than those caused by other high-profile figures in the cryptocurrency sector. This recommendation comes as Kwon faces legal repercussions for his role in the TerraUSD crash, which resulted in approximately $40 billion in losses.

The price of LUNC surged by 40% on Friday, coinciding with a significant increase in its burn rate, which rose by 849 million over the past week. This price movement comes just ahead of the sentencing of Do Kwon, the co-founder of Terraform Labs, scheduled for next week in the U.S.

Lindsay Fraser has been appointed as the new policy chief at the Blockchain Association, coinciding with the crypto industry's efforts to influence a significant market structure bill in Congress that has substantial implications for decentralized finance (DeFi).

The U.S. Commodity Futures Trading Commission (CFTC) has initiated leveraged spot cryptocurrency trading, starting with Bitnomial, as part of a broader push for friendly crypto policies under President Donald Trump. This move aims to enhance trading activity within the U.S. market and provide a regulated environment for cryptocurrency transactions.