According to some Republican lawmakers, the first crypto-related priority in the Senate will be to pass legislation for market structure. After a monthlong break, the US Senate and House of Representatives are scheduled to return to conducting government business, which includes key policies affecting the cryptocurrency and blockchain industry. Both chambers of the 119th session of the US Congress went on recess weeks ago as part of their schedule established in January. The move effectively paused any work toward passage of a bill to establish digital asset market structure, consider the nomination of Brian Quintenz to become chair of the Commodity Futures Trading Commission (CFTC), and legislation containing a provision for restricting a central bank digital currency (CBDC). One of the first legislative items on Republicans’ agenda upon their return will be to pass a bill establishing crypto market structure out of a committee and for a floor vote. Read more
The World Liberty Financial token, WLFI, began trading on several crypto exchanges on Monday. Here’s how traders can avoid scams. After months of speculation, the Donald Trump–backed World Liberty Financial (WLFI) token began trading Monday morning. However, confusion remains around the token’s unlock schedule, supported exchanges and distinguishing the legitimate WLFI from a wave of imitations. WLFI is the native token of World Liberty Financial, a decentralized finance (DeFi) platform founded in 2024. While its utility has been kept deliberately vague, the project promotes itself as a bridge between traditional finance and DeFi. WLFI functions as the platform’s governance token, giving holders voting power over protocols and strategic decisions. On Monday, the project confirmed WLFI is officially live with a total supply of 24.66 billion tokens, allocated as follows: Read more