Truth.Fi is expected to launch in 2025, pending regulatory approvals and the finalisation of agreements. The company will partner with major financial firms, including Charles Schwab, which will act as a custodian for the investment funds.
The exchange has been accused of lacking proper anti-money laundering (AML) and Know Your Customer (KYC) programs.
This surge in global inflows last week is said to be driven by Trump’s executive orders supporting digital assets and Elon Musk’s blockchain initiatives.
Trump’s new order creates a crypto task force, bans CBDCs and explores a national digital asset stockpile using seized crypto to boost US innovation and leadership.
The SEC forms a crypto task force to clarify rules, as Trump pardons Silk Road founder Ross Ulbricht, stirring debate in the crypto community.
Bitcoin hits a record high, boosted by rising demand and growing optimism around Trump’s potential pro-crypto policies following his inauguration.
Senator Cynthia Lummis is expected to chair the first Senate subcommittee on crypto, signalling Trump’s push for stronger regulations and pro-industry policies.
Circle has donated $1 million in $USDC to Trump’s 2025 inauguration, joining Ripple, Coinbase, and others in supporting the event.
Coinbase has won a key court ruling allowing it to appeal the SEC’s lawsuit over digital asset regulations. The decision could have major implications for crypto laws and securities rules in the US.
The CFTC’s investigation focused on Gemini’s role in helping launch the first regulated Bitcoin futures contract in the US, in partnership with Cboe Global Markets.
