Hyperliquid At Risk In Democrats’ Crypto Crackdown? ZachXBT Warns Of Potential Risks

A U.S. Senator has called on banking regulators to halt the approval process for a national trust bank charter application linked to a cryptocurrency firm backed by Donald Trump's family. This request comes amid concerns about potential conflicts of interest as Trump maintains financial ties to the venture.

Senator Elizabeth Warren has called on the Office of the Comptroller of the Currency (OCC) to pause its review of the bank charter application for World Liberty Financial, citing unresolved conflicts of interest linked to former President Donald Trump. This request highlights ongoing tensions surrounding cryptocurrency regulation and the influence of political figures on financial institutions.

The cryptocurrency market remained stable as traders awaited the U.S. Supreme Court's decision regarding tariffs imposed during Donald Trump's presidency, with Bitcoin's price rising to over $94,000. This stability follows the release of the December consumer inflation report, which has influenced market sentiment.

Hyperliquid's price has confirmed a failed auction setup, closing below key resistance levels and indicating a downside target of $19.70. This decline follows a trend of diminishing bullish trading volume, raising concerns about the cryptocurrency's stability.