The Trump family's World Liberty Financial is launching USD1, a stablecoin backed by U.S. Treasurys and dollar deposits. Issued on Ethereum and Binance blockchains, USD1 aims for a 1:1 peg with the U.S. dollar, enhancing the DeFi market. Critics highlight potential conflicts of interest, given President Trump's push for stablecoin legislation. Nonetheless, the crypto community shows significant interest. citeturn0news10
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#SECCrypto2.0 Ushering in a New Era of Crypto Regulation 🔥 The U.S. SEC is shifting gears with SECCrypto2.0, introducing a structured and collaborative framework for crypto regulation. Spearheaded by Commissioner Hester Peirce, this initiative aims to move away from enforcement-heavy tactics, fostering clearer guidelines for the crypto market. 📜💡 Meanwhile, India's SEBI is also stepping up with a multi-regulatory approach to oversee crypto trading. This model involves different regulators supervising various aspects of crypto activities, boosting investor confidence and streamlining operations. 🌐📈 $BTC