Binance founder CZ has confirmed that he has formally applied for a U.S. presidential pardon. He announced this during the May 5 interview with Farokh Sarmad on the Rug Radio podcast. This marks the first time Zhao publicly acknowledged the pardon request. Zhao explained that his legal team applied two
The U.S. Internal Revenue Service (IRS) has appointed Trish Turner as the new head of its digital assets division. Her promotion follows the sudden departure of Sulolit “Raj” Mukherjee and Seth Wilks, two private-sector experts who previously co-led the IRS crypto unit. Turner has worked at the IRS for over
Trump Media and Technology Group is looking to amalgamate a crypto token and wallet into its video streaming site, Truth+. The Chief Executive Officer of Trump Media, Devin Nunes, wrote a letter to shareholders on April 29, mentioning that the firm is exploring the launch of a utility token within
Tron Founder Justin Sun is making headlines once again, this time for a potential appearance at a highly exclusive dinner hosted by former U.S. President Donald Trump. The dinner, set for May 22, is extended to the top 220 holders of the TRUMP token, sparking widespread speculation about who will
Trump’s pro-crypto administration in the US is inspiring other government officials across global countries to regulate and adopt the crypto industry. South Korea presidential candidate Hong Joon-pyo made a vow to push crypto in the country, similar to how Trump did in the US. South Korean local media news outlet
President Donald Trump has signed a law repealing a Biden-era IRS rule that extended tax reporting requirements to decentralized finance (DeFi) platforms. The IRS rule, finalized in late 2024, aimed to treat DeFi operators as brokers and force them to report user transaction data. Although it was scheduled to take
Bitcoin and Ethereum plunged on Wednesday as U.S. President Donald Trump’s new tariffs on Chinese goods officially took effect. The sweeping trade measures have sparked a sharp downturn across global markets, triggering $411 million in crypto liquidations in the past 24 hours. Bitcoin dropped 4.1% to $76,550, while Ethereum lost
A wallet allegedly tied to Trump-supported World Liberty Financial (WLFI) sold 5,471 ETH at $1,465 per coin, according to Lookonchain data sourced from Arkham. The sale, valued at $8.01 million, occurred just before the news broke, prompting questions about the project’s financial position and broader market strategy. WLFI initially spent
The U.S. Department of Justice (DOJ) has officially disbanded the National Cryptocurrency Enforcement Team (NCET), marking a major policy shift under President Donald Trump. The move aligns with the administration’s push to ease crypto regulations and promote innovation in the sector. NCET was launched in 2021 under the Biden administration.
Bitcoin and the broader crypto market show resilience as U.S. equities face a brutal selloff. President Donald Trump’s unveiling of reciprocal tariffs sparked a $5.4 trillion wipeout in just two days. The S&P 500 dropped to its lowest in 11 months, while the Nasdaq 100 entered bear market territory. Despite
