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As the July 9 deadline for tariff negotiations approaches, President Donald Trump has ruled out the possibility of extending the pause on tariffs. His firm stance has caused turbulence in the crypto markets, with the top coins experiencing notable declines. This decision comes as Trump continues to press for trade agreements with several nations, including
The post Crypto Market Slides As Trump Dismisses Extending Tariffs Deadline appeared first on CoinGape.
The post Roger Ver Paid $600K to Donald Trump Ally to Fight Crypto Charges appeared first on Coinpedia Fintech News
Roger Ver, once known as “Bitcoin Jesus,” is now facing serious charges, including mail fraud, tax evasion, and filing false returns. But Ver isn’t relying on the courts alone—he’s taking his fight to Capitol Hill.
According to filings, Ver paid $600,000 to Trump ally Roger Stone to lobby Congress to amend the law he’s accused of breaking. The New York Times reported that Stone was hired in February. Ver denies wrongdoing but admits he struggled to manage his U.S. exit tax, citing Bitcoin market illiquidity at the time. In a January video, Ver made a public appeal to Trump, warning he faces over 100 years in prison for promoting crypto.
The government accuses Ver of evading at least $48 million in taxes after renouncing his U.S. citizenship. Ver maintains the situation was complicated, blaming the illiquidity of Bitcoin for making it difficult to comply.
Crypto Voices Rally Behind Ver
Support for Ver is growing. Silk Road founder Ross Ulbricht, serving a life sentence, has called for Ver’s pardon, highlighting Ver’s past support. American economist Jeffrey Tucker also defended Ver, calling him a hero being punished for advocating freedom.
Ver’s push coincides with Trump’s growing support for crypto and retreat from tough SEC regulations. Whether Ver’s lobbying will pay off remains uncertain, but the message is clear: crypto’s future now runs through political corridors.
Roger Ver paid $600,000 to Roger Stone to lobby Congress to amend the law he is accused of breaking and to influence political support for his legal battle.
Trump’s softer stance on crypto could create a more favorable political environment, but it’s unclear if it will directly impact Ver’s legal outcome.
Ver claims Bitcoin’s market was too illiquid when he renounced his U.S. citizenship, making it difficult to sell enough coins to cover his exit tax obligations.
The post Roger Ver Paid $600K to Donald Trump Ally to Fight Crypto Charges appeared first on Coinpedia Fintech News
Roger Ver, once known as “Bitcoin Jesus,” is now facing serious charges, including mail fraud, tax evasion, and filing false returns. But Ver isn’t relying on the courts alone—he’s taking his fight to Capitol Hill. $600K Lobbying Effort to Influence Congress According to filings, Ver paid $600,000 to Trump ally Roger Stone to lobby Congress …
The team behind the Solana-based TRUMP meme coin, a digital asset connected to US President Donald Trump’s brand, has moved 3.527 million tokens (equivalent to about $32.8 million) to Binance.
This transaction is the latest in a string of significant token deposits to centralized exchanges, sparking fresh concerns about the team’s intentions and the potential impact on market stability.
Blockchain analysis platform Lookonchain reported that this latest transfer, conducted on June 21, forms part of a larger pattern.
Since late April, the team has sent more than 12.5 million TRUMP tokens, valued at over $150 million, to exchanges including Binance, OKX, and Bybit.
Market experts caution that these frequent, large-volume deposits to exchanges without transparent communication can heighten uncertainty and trigger price declines.
However, the project representatives previously claimed that the movement of tokens aimed to support liquidity and ensure smooth trading conditions. They also stated that the tokens came from a wallet created specifically for this purpose during the project’s launch phase.
Despite those assurances, the token’s market value has continued to decline.
According to BeInCrypto data, TRUMP has lost around 6% over the past day and currently hovers near $8.68 as of press time. Since its January debut, the token’s value has dropped by around 90% from its peak of over $75.
Meanwhile, the controversy surrounding the token doesn’t stop at market activity. There is also an ongoing political scrutiny surrounding the token’s ties to US President Donald Trump, which further complicates sentiments surrounding the meme coin.
For context, US Representative Brad Sherman recently accused TikTok of planning to spend $300 million on TRUMP tokens in an attempt to sway US policy. However, TikTok has since denied the allegation, calling it both misleading and baseless.
“Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible and doesn’t even accurately reflect a letter you signed last month,” the video-sharing platform stated.
These issues mean the outlook for TRUMP remains uncertain due to the growing skepticism about the token’s utility and persistent price declines.
The post TRUMP Meme Coin Team Moves $32.8 Million to Binance appeared first on BeInCrypto.
The post US Senate Committee to Release CFTC Crypto Regulation Draft appeared first on Coinpedia Fintech News
The Senate Agriculture Committee will release its draft bill on CFTC regulation of digital commodities in early September. The legislation aims to clarify regulatory authority by assigning the CFTC oversight of cryptocurrencies like Bitcoin and Ethereum while leaving digital securities under the SEC’s jurisdiction. The draft will propose new registration requirements for digital asset intermediaries and address key issues like DeFi and stablecoin oversight, providing clearer guidance for the U.S. digital asset market.
The post US Senate Committee to Release CFTC Crypto Regulation Draft appeared first on Coinpedia Fintech News
The Senate Agriculture Committee will release its draft bill on CFTC regulation of digital commodities in early September. The legislation aims to clarify regulatory authority by assigning the CFTC oversight of cryptocurrencies like Bitcoin and Ethereum while leaving digital securities under the SEC’s jurisdiction. The draft will propose new registration requirements for digital asset intermediaries …