The Latest Breaking News from DeFi

Texas, United States, June 11th, 2025, Chainwire

The crypto market maker GSR is also helping incubate the project.

When the first cryptocurrency, Bitcoin, was proposed in 2008, the goal was simple: to create a digital currency free from banks and governments. Over time, that idea evolved into something much bigger: “decentralized finance,” or “DeFi.”

World Liberty Financial is once again under scrutiny after some X users, including Sen. Warren, raised issue about the deal the Trump-backed crypto venture sealed with Abu Dhabi-backed MGX and crypto exchange titan Binance.

$USD1, World Liberty Financial's stablecoin, has become the fastest-rising stablecoin in terms of market cap, even as concerns remain around the DeFi venture's $WLFI token and listing on major exchanges.

What exactly does DeFi mean, and what's driving its rise?

The Trump family's WLFI DeFi project has launched a native stablecoin, $USD1, which is not yet tradable but is already getting much attention in the crypto space as scammers moved to replicate the coin.

World Liberty Financial has completed a second round of $WLFI token sale that brought the total sales proceeds to $550 million, and amid reports that the U.S. president will collect $390 million from his role in promoting the DeFi project, there is confusion, and there is concern.

The SEC has dropped its investigations into Robinhood Crypto and Uniswap, marking what Uniswap said was a "win for DeFi" as the Wall Street regulator pivots toward a more positive approach in regulating digital assets.

WLFI moved some of its crypto holdings for staking and lending, and swapped $USDC for $wBTC and $MOVE – actions in line with its recent announcement regarding a digital asset reserve that includes various cryptocurrencies.

After years of uncertainty under Biden, the Trump admin promises clear, consistent regulations for digital assets.