https://www.scmp.com/rss/523261/feed The latest news and top stories on World Liberty Financial, which provides decentralized finance (DeFi) and cryptocurrency services including its native token $WLFI and USD1 stablecoin. It was founded in 2024 with ties to the Trump family, including Eric Trump. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Agence France-Presse Agence France-Presse Entrepreneur Justin Sun filed a lawsuit on Wednesday accusing a Trump family-backed cryptocurrency platform of fraud and alleging he was blocked from withdrawing his assets. In a San Francisco federal court filing reviewed by Agence France-Presse, the Chinese-born crypto billionaire and former Trump ally claims to have bought US$45 million worth of WLFI, an electronic currency launched by World Liberty Financial in October 2024. To thank him for the investment – at a time when WLFI was... https://www.scmp.com/news/world/united-states-canada/article/3351063/billionaire-justin-sun-sues-trump-family-crypto-venture?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3351063/billionaire-justin-sun-sues-trump-family-crypto-venture?utm_source=rss_feed Wed, 22 Apr 2026 23:08:16 +0000 Bochen Han Bochen Han TikTok and its Chinese parent ByteDance announced on Thursday the official creation of a new US venture – TikTok USDS Joint Venture – to operate the short video app used by 200 million Americans. The deal, the culmination of years of legal and political uncertainty, is part of the effort to comply with a 2024 US law that aimed to push ByteDance to divest TikTok to address national security concerns over the app’s links to Beijing. Without a divestment, the app would have faced a nationwide... https://www.scmp.com/news/china/article/3341074/who-are-owners-new-tiktok-us-entity?utm_source=rss_feed https://www.scmp.com/news/china/article/3341074/who-are-owners-new-tiktok-us-entity?utm_source=rss_feed Fri, 23 Jan 2026 22:02:59 +0000 Bloomberg Bloomberg Binance co-founder Zhao Changpeng has received a pardon from US President Donald Trump after he went to prison for failing to safeguard the world’s largest crypto exchange against money laundering. “President Trump exercised his constitutional authority by issuing a pardon for Mr Zhao, who was prosecuted by the Biden administration in their war on cryptocurrency,” said White House spokeswoman Karoline Leavitt. Zhao wrote in a social media post that he was “deeply grateful for today’s pardon and... https://www.scmp.com/news/world/united-states-canada/article/3330124/binance-founder-zhao-pardoned-trump-latest-crypto-clemency?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3330124/binance-founder-zhao-pardoned-trump-latest-crypto-clemency?utm_source=rss_feed Thu, 23 Oct 2025 17:31:23 +0000 Zhou Xin Zhou Xin The United States is expanding its influence over the US$4 trillion global cryptocurrency industry amid favourable regulation under the Trump administration and the growing use of US dollar-backed stablecoins, according to participants at this year’s Token2049 event in Singapore. The US is on a path to becoming the world’s “crypto capital”, said Bo Hines, the former executive director of the White House’s Council of Advisers on Digital Assets, at a fireside chat on Thursday to conclude the... https://www.scmp.com/tech/blockchain/article/3327662/us-takes-drivers-seat-crypto-industry-back-trump-policy-stablecoin-frenzy?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3327662/us-takes-drivers-seat-crypto-industry-back-trump-policy-stablecoin-frenzy?utm_source=rss_feed Thu, 02 Oct 2025 12:00:08 +0000 Zhou Xin Zhou Xin The issuer of XSGD – the only Singapore dollar-backed stablecoin and one of the world’s major non-US dollar stablecoins – said its commitment to strict regulatory compliance and emphasis on cross-border payments could serve as a model for stablecoin issuers in Hong Kong. In an interview with the South China Morning Post on Thursday in Singapore, CEO Liu Tianwei said StraitsX was working with regulators and traditional financial institutions to support cross-border payments – an approach that may... https://www.scmp.com/tech/blockchain/article/3327611/singapore-stablecoin-issuer-offers-tips-hong-kong-counterparts?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3327611/singapore-stablecoin-issuer-offers-tips-hong-kong-counterparts?utm_source=rss_feed Thu, 02 Oct 2025 08:00:09 +0000 Zhou Xin Zhou Xin World Liberty Financial, a venture backed by the family of US President Donald Trump, took centre stage on Wednesday at the world’s largest cryptocurrency event in Singapore, as Trump’s eldest son and his business partner promoted the firm’s USD1 stablecoin and its potential for “dollarising the world”. At Token2049, World Liberty Financial co-founders Donald Trump Jnr and Zach Witkoff, who serves as CEO, received rock star treatment from a cheering audience, as they touted the success of USD1,... https://www.scmp.com/tech/blockchain/article/3327522/trump-led-crypto-venture-lauds-usd1-stablecoins-potential-dollarising-world?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3327522/trump-led-crypto-venture-lauds-usd1-stablecoins-potential-dollarising-world?utm_source=rss_feed Wed, 01 Oct 2025 11:00:10 +0000 Zhou Xin Zhou Xin The world’s largest cryptocurrency conference, Token2049, kicked off in Singapore on Wednesday, attracting a record-breaking 25,000 attendees amid growing adoption of digital assets by institutions and individuals globally, partly driven by a friendlier regulatory environment in the US. Participants from more than 160 countries formed a queue stretching hundreds of metres outside the Marina Bay Sands convention centre in the morning. The two-day event features five simultaneous forums and... https://www.scmp.com/tech/blockchain/article/3327492/singapores-token2049-worlds-biggest-crypto-event-draws-250000-amid-us-policy-shift?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3327492/singapores-token2049-worlds-biggest-crypto-event-draws-250000-amid-us-policy-shift?utm_source=rss_feed Wed, 01 Oct 2025 08:00:10 +0000 Xinmei Shen Xinmei Shen Tron blockchain founder Justin Sun has unveiled a new financial product linked to USDT, the world’s most popular stablecoin, as Democratic lawmakers called on the US Securities and Exchange Commission (SEC) to look into “concerning ties” between the cryptocurrency entrepreneur and US President Donald Trump’s family. In a social media post on Friday, Sun said he launched a website dedicated to “perpetual futures”, also known as “perps” – financial instruments that allow traders to speculate on... https://www.scmp.com/tech/blockchain/article/3326165/crypto-mogul-justin-sun-launches-perps-trading-us-lawmakers-question-his-trump-ties?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3326165/crypto-mogul-justin-sun-launches-perps-trading-us-lawmakers-question-his-trump-ties?utm_source=rss_feed Fri, 19 Sep 2025 10:00:28 +0000 Xinmei Shen Xinmei Shen World Liberty Financial, a cryptocurrency company backed by the family of US President Donald Trump, has frozen the tokens of Justin Sun, founder of the Tron blockchain and one of the most vocal supporters of the venture, in a rare show of disharmony between the project and the Hong Kong-based crypto billionaire. In a Friday post on social media platform X, Sun said his tokens on the World Liberty Financial blockchain were frozen, confirming data that the Trump venture had blacklisted Sun’s... https://www.scmp.com/tech/tech-trends/article/3324540/trump-family-backed-blockchain-project-freezes-tokens-major-backer-justin-sun?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3324540/trump-family-backed-blockchain-project-freezes-tokens-major-backer-justin-sun?utm_source=rss_feed Fri, 05 Sep 2025 13:00:08 +0000 Reuters Reuters A bitcoin company tied to US President Donald Trump’s two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons’ stake at well over US$1.5 billion as the first family grows their crypto business interests. Shares in American Bitcoin, a bitcoin miner, soared as high as US$14.52 on its first day of trade on the Nasdaq, before pulling back to be up 16.5 per cent at US$8.04 by the end of the day. The company was around 20 per cent owned by Eric Trump and... https://www.scmp.com/tech/blockchain/article/3324271/trumps-oldest-sons-american-bitcoin-stake-worth-us15-billion-stock-debut?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3324271/trumps-oldest-sons-american-bitcoin-stake-worth-us15-billion-stock-debut?utm_source=rss_feed Thu, 04 Sep 2025 03:13:30 +0000 Willa Wu Willa Wu A senior Hong Kong official and a lawmaker have withdrawn from a Bitcoin Asia conference where Eric Trump, son of United States President Donald Trump, will attend, with sources confirming they were advised not to interact with the American businessman. A check by the Post on the conference’s website on Wednesday found that Eric Yip Chee-hang, executive director of the city’s Securities and Futures Commission (SFC), had been removed from the list of keynote speakers for the forum taking place... https://www.scmp.com/news/hong-kong/politics/article/3323388/hong-kong-official-and-lawmaker-pull-out-bitcoin-asia-2025-featuring-eric-trump?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3323388/hong-kong-official-and-lawmaker-pull-out-bitcoin-asia-2025-featuring-eric-trump?utm_source=rss_feed Wed, 27 Aug 2025 12:17:38 +0000 Xinmei Shen Xinmei Shen Eric Trump, the second-born son of US President Donald Trump, will attend next month’s Bitcoin Asia 2025 conference in Hong Kong as a headline speaker, as the city strives to position itself as a leading hub for digital assets, competing with the US. Trump would discuss bitcoin’s “long-term potential” and its impact on global finance, as well as “how Asia is shaping the future of bitcoin adoption,” said BTC Inc, the conference organiser, on Tuesday. Bitcoin Asia, the regional edition of the... https://www.scmp.com/tech/blockchain/article/3317317/eric-trump-headline-bitcoin-asia-2025-hong-kong-competes-us-be-crypto-hub?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3317317/eric-trump-headline-bitcoin-asia-2025-hong-kong-competes-us-be-crypto-hub?utm_source=rss_feed Tue, 08 Jul 2025 04:30:08 +0000