Was Trump Crypto Project, WLFI Just Hit With Security Breach?

Industry groups have sent a letter to President Donald Trump advocating for new tax policies and agency actions on cryptocurrency initiatives, emphasizing the need for progress amid Congressional uncertainty regarding market structure work.

Acting CFTC Chair Caroline Pham is closer to leaving the agency as the Senate Agriculture Committee has advanced President Donald Trump's nomination to replace her. This development indicates a potential shift in leadership at the Commodity Futures Trading Commission, which plays a crucial role in regulating the U.S. derivatives markets.

Dave Portnoy, founder of Barstool Sports, has made a significant return to the cryptocurrency market with a $1 million investment in XRP. This move comes amid a challenging period for XRP, which has seen a nearly 15% decline in value recently. Portnoy's purchase, alongside investments in Bitcoin and Ethereum, has sparked curiosity about his market insights and the potential for XRP's recovery.

November has brought a significant downturn for Bitcoin (BTC), which previously reached an all-time high of $126,000 in October. The cryptocurrency has since dropped sharply, leading analysts to speculate that BTC may stabilize within the $60,000 to $80,000 range if the Federal Reserve maintains current interest rates.

The Democratic party's recent crackdown on cryptocurrency, led by Senator Elizabeth Warren, poses potential risks for the decentralized exchange Hyperliquid (HYPE). The scrutiny is linked to concerns regarding crypto ventures associated with Donald Trump's family, particularly World Liberty Financial (WLFI). This situation raises alarms about the future of Hyperliquid amid increasing regulatory pressures.

In today's crypto market news, Bitcoin's price experienced a significant drop, falling below $90,000 before quickly rebounding to approximately $92,000. This volatility is reminiscent of previous market cycles, where sharp declines are often followed by rapid recoveries. The recent fluctuations highlight the ongoing instability within the cryptocurrency market.

Dave Portnoy's recent investments in XRP, BTC, and ETH have drawn attention, reflecting a growing interest in cryptocurrency among mainstream investors. His actions may influence market dynamics and highlight the potential volatility of digital assets.

New Hampshire has made history as the first U.S. state to approve a Bitcoin (BTC) backed municipal bond. On November 17, 2025, the state's Business Finance Authority authorized a $100 million bond backed by BTC, marking a significant shift from traditional financing methods.