From Cointelegraph

April 18, 2025 05:04:00 PM:

Cryptocurrency payment firm MoonPay’s CEO, Ivan Soto-Wright, urges US lawmakers to include state regulators in stablecoin regulation. The Conference of State Bank Supervisors also supports a state-level approach. Bills like the GENIUS Act and STABLE Act are advancing in Congress. However, Trump family-backed venture World Liberty Financial launched its own stablecoin.

World Liberty Financial, backed by the Trump family, launched its stablecoin despite potential conflicts of interest. The project received $600 million from investors like Justin Sun and DWF Labs. Trump’s stablecoin is not yet tradable. Concerns about conflicts of interest and insider trading surround Trump’s crypto ventures.

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Bitcoin reaches new all-time high of $62,000, driven by increased institutional adoption and positive market sentiment. The cryptocurrency has gained over 100% in 2021, with a market cap surpassing $1 trillion for the first time. Analysts predict further price appreciation as demand continues to surge.: MoonPay CEO calls on Congress to keep state authority over stablecoins