World Liberty Financial, the Trump family’s crypto firm, announced that tech company ALT5 Sigma will sell $1.5B in shares to buy $WLFI coins. World Liberty will get ALT5 shares in return, with Eric Trump joining its board. The deal mirrors trends of public companies amassing crypto holdings to boost value.
The U.S. allows federally regulated, fully reserved dollar tokens backed by cash and Treasuries, enabling faster, targeted monetary policy. Europe and China advance retail CBDCs for programmable payments. Bitcoin acts as digital gold, while tokenized real-world assets like Treasuries enhance settlement and yield distribution. Ethereum dominates tokenization due to reliability, maturity, and ecosystem strength, though networks like Solana offer high-speed alternatives. #DigitalDollar #Stablecoins #CBDC #Bitcoin #DigitalGold #Tokenization #RealWorldAssets #Ethereum #Solana #Blockchain #Fintech #Crypto #ProgrammableMoney #Web3 #DigitalFinance
Despite Trump’s pro-crypto stance, U.S. banks continue closing crypto firm accounts without explanation. Industry leaders warn of “Operation Chokepoint 3.0,” with higher fees and restrictions from major banks like Citibank, Chase, and Wells Fargo.
WASHINGTON, Aug 9 — Bo Hines, head of Republican President Donald Trump’s Council of Advisers on Digital Assets, announced on Saturday that he is stepping down from his position and returning to the private sector.
Hines has played a key role in shaping the administration’s cryptocurrency policy. Late last month, he led a cryptocurrency working group that included several senior administration officials. The group outlined the Trump administration’s stance on pivotal crypto legislation and urged the U.S. Securities and Exchange Commission (SEC) to establish new, tailored regulations for digital assets.
In a statement, Hines expressed pride in the council’s work, highlighting efforts to bring clarity and innovation to the fast-evolving digital asset market. His departure comes as the administration continues to navigate the complex regulatory landscape surrounding cryptocurrencies, a sector that has seen rapid growth and increasing calls for updated oversight.