The SEC’s Crypto Task Force is all set for its next roundtable conference on tokenization and DeFi. It has announced the agenda and panelists for the event, where top Wall Street leaders will join to discuss the future of finance.
The event titled “Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet” is scheduled for May 12 at the agency’s headquarters in Washington, D.C., where the event will explore how TradFi and DeFi meet through blockchain-based asset movement. The event will be open to the public and webcast live on the SEC’s website.
SEC’s Peirce Calls Tokenization Game-Changer
SEC Chair Paul Atkins will deliver the keynote address at the event. Commissioner Hester M. Peirce opened up about the importance of the event, calling Tokenization a technological development that could change many aspects of the financial markets. “I look forward to hearing ideas from our panelists on how the SEC should approach this area,” she said.
The event has two key sessions scheduled: “Capital Markets 2.0,” led by Jeff Dinwoodie from the law firm Cravath, and “The Future of Tokenization,” headed by Tiffany Smith from WilmerHale. The session will focus on the long-term implications, use cases, and how regulators may react to tokenized assets in capital markets.
BlackRock, Fidelity, Robinhood Join In
The roundtable will feature panelists from Wall Street Giants like BlackRock, Fidelity, Nasdaq, and Robinhood. Participants include Robert Mitchnick (BlackRock), Cynthia Lo Bessette (Fidelity), Eun Ah Choi (Nasdaq), Will Geyer (Invesco), Sandy Kaul (Franklin Templeton), Christine Moy (Apollo Management), among others.
Representatives from Robinhood, Maple Finance, Securitize, and Blockchain Capital will also share their views at the event.
SEC Reschedules ‘DeFi and the American Spirit’ Roundtable
Also, the fourth roundtable conference, “Defi and the American Spirit,” has been moved to June 9 from June 6.
The Crypto Task Force started a series of roundtables in March. The first roundtable discussed how crypto assets are classified, the second focused on crypto trading, and the third addressed custody issues. These sessions show how the agency is moving towards a more open and collaborative approach.
The $TRUMP memecoin has been making waves in the crypto world, especially following a recent announcement by President Trump that the top holders would be invited to a Gala Dinner.
As per data from analytics firm Nansen, as of April 2025, TRUMP coin witnessed over $869 million in outflows from the top 500 wallets. Only $96 million in inflows were recorded over the week.
This comes at a time when Trump has announced a Gala Dinner for the top 220 TRUMP holders at his Washington, DC golf club. Analytics firm Nansen reports that the top 100 wallets bought around 940,000 more tokens within an hour of the announcement.
The outflows suggest that some large holders might have opted to cash out instead of following the crowd. Nansen noted that more people sold the tokens than bought them. A few new buyers jumped in with some aiming to profit from the price swings, while others were simply hoping to secure a dinner invite.
One whale sold 407,467 TRUMP for $5.73M, making $731K in just 30 minutes. Another spent $5M to buy 407,467 TRUMP at $12.27. A liquidity provider pulled $2.76M in TRUMP and SOL, pushing their wallets into the top 220 holders. Additionally, a wallet withdrew 1.5M USDC to buy 123,228 TRUMP, likely to secure a dinner invite.
A longtime $TRUMP liquidity provider removed liquidity from 2 wallets 2 hours ago, receiving 211,977 $TRUMP($2.76M) and 18,376 $SOL($2.76M).
Now, both wallets are in the top 220 holders — giving them a shot at scoring 2 invites to the $TRUMP dinner.
As of April 2025, Tron founder Justin Sun reportedly topped Trump’s memecoin leaderboard, owning 1,176,803 TRUMP coins worth over $14 million. The wallet, under the name “Sun,” has sparked speculation that it could be Justin Sun’s, who has also invested $30 million to World Liberty Financial, a firm backed by Trump.
Arkham Intelligence in a recent X post shared that one of the biggest holders of TRUMP, ‘Boop’, spent $300K worth of FARTCOIN to buy more TRUMP and stay in the top 25 holders for Trump’s dinner. He earlier made $1.75M from a $107K TRUMP investment.
One of the top TRUMP holders, ‘boop’, just swapped $300K of FARTCOIN into TRUMP, so that he doesn’t fall out of the top 25 attendees for the Trump Dinner.
Top holders for the TRUMP Dinner will be calculated based upon time-weighted holdings of TRUMP.
Other tokenholders included usernames like “Elon” and “Doge,” raising questions about whether Musk was involved. With the team behind TRUMP controlling 80% of the total supply, critics claim that Trump or someone in his family could still pull a rug-pull on investors.
Launched in January before Trump’s presidency, the memecoin has faced criticism from several lawmakers and crypto leaders over potential conflicts of interest.
Trump coin surged 73% over the Dinner announcement, rising to $15.47. At the same time, the scheduled release of 40 million tokens was delayed by 90 days. TRUMP remains 83% below its ATH of $75.35.
The post Trump Memecoin Skyrockets — But Are Whales Planning Their Exit? appeared first on Coinpedia Fintech News
The $TRUMP memecoin has been making waves in the crypto world, especially following a recent announcement by President Trump that the top holders would be invited to a Gala Dinner. As per data from analytics firm Nansen, as of April 2025, TRUMP coin witnessed over $869 million in outflows from the top 500 wallets. Only …
Since its launch in late March, World Liberty Financial’s stablecoin USD1 has achieved an impressive market capitalization, reflecting strong investor interest. If the creators want to maximize USD1’s reach by accessing markets abroad, particularly in Europe, they must confront MiCA’s extensive compliance list.
In a BeInCrypto interview, experts from Foresight Ventures, Kaiko, and Brickken stressed the importance of stablecoin issuers having substantial European bank reserves, operational volume caps protecting the euro, and transparent USD1 information to ensure transparency and avoid conflicts of interest.
USD1’s Search for Dollar Dominance
World Liberty Financial (WLF), a decentralized finance (DeFi) project heavily associated with the Trump family, officially launched USD1 a month ago. Through this stablecoin, WLF aims to promote dollar dominance worldwide.
So far, this initiative has been working well for WLF. According to CoinGecko, USD1 has now surpassed a market capitalization of $128 million and reached a 24-hour trading volume of nearly $41.6 million. The project has already released 100% of its total supply of 127,971,165 tokens.
USD1’s market capitalization over the past 24 hours. Source: CoinGecko.
For WLF to seriously establish dollar dominance across the globe, it will have to move fast and efficiently. This urgency stems from the need to surpass its main competitors, USDT and USDC. These rivals currently hold a massive market share advantage.
Additionally, there’s a need to maintain a competitive advantage against established currencies like the euro.
USD1 needs to access foreign markets and stand out from established competitors to achieve this. Should Europe become a primary target, USD1 must prepare to tackle numerous challenges head-on.
The EU’s Stringent Compliance Demands
The European Union (EU) became the first jurisdiction in the world to establish a comprehensive regulatory framework for digital assets across its 27 member states. This regulation, known as Markets in Crypto-Assets (MiCA), has been in effect for nearly four months. Through this legislation, the EU has confirmed how seriously it takes compliance with a defined regulatory regime.
The regulation is detailed and clear, leaving no room for interpretation. If USD1 wants to operate in this crypto market of 31 million users, it must ensure it meets every demand.
US Senators Flag Risks of Presidential Involvement in USD1
In the letter, the group asked both agencies to clarify how they plan to uphold regulatory integrity following the issuance of USD1.
The Senators cautioned that letting a president personally benefit from a digital currency overseen by federal agencies he has sway over is a big risk to the financial system. They argued that an unprecedented situation like this one could hurt people’s trust in how regulations are made.
“The launch of a stablecoin directly tied to a sitting President who stands to benefit financially from the stablecoin’s success presents unprecedented risks to our financial system,” they argued.
The letter further detailed situations where Trump could directly or indirectly affect decisions regarding USD1.
As things stand, USD1 isn’t well-prepared to follow MiCA’s strict reporting and transparency rules.
How Do Concerns Over USD1 Impact MiCA Acquisition?
According to Ianeva-Aubert, if USD1 doesn’t clear up doubts over potential conflicts of interest, this would affect its ability to apply for an operating license in the European Union.
“MiCA requires strong governance, including independent directors and clear separation between owners and managers. Issuers must have clear rules to handle conflicts of interest. If USD1 has any conflicts, this could make it harder to comply,” she said.
Ianeva-Aubert also highlighted that WLF still hasn’t released enough public information on USD1 to assess the degree of its compliance effectively. In particular, the stablecoin issuer has not disclosed the measures it would take to safeguard against market manipulation.
As of now, USD1 would likely fail MiCA’s transparency tests. However, industry experts pointed out other parts of the framework that might be even larger obstacles for USD1 to operate across the European Union.
Impact of the EU’s Reserve Mandate on USD1
When asked about the biggest regulatory hurdles USD1 would face in securing a MiCA license, experts’ responses were unanimous. The stablecoin would need to store a large portion of its reserves in a European bank.
This mandate has proven difficult for established stablecoin issuers seeking operations across the region.
This regulation aims to ensure seamless accessibility for European crypto users and traders. For Forest Bai, Co-founder of Foresight Ventures, USD1 could capitalize on this opportunity during the early stages of its development. By doing so, it could avoid some of the obstacles its competitors had to endure.
Yet, even as USD1 scales and its demand grows, other mandatory requirements could restrict its scope of success.
MiCA’s Transaction Volume Caps to Preserve Euro Dominance
As part of the MiCA regulation, the European Union has taken specific measures to safeguard the euro’s dominance. If a digital currency not denominated in euros were to become extensively adopted for daily payments within Europe, it could present a potential risk to the European Union’s financial sovereignty and the stability of the euro.
To contain this possibility, MiCA places volume caps on transactions used as a means of exchange within the EU.
In other words, MiCA establishes predefined limits on the transactional volume of such currencies. The EU initiates regulatory measures when these limits are exceeded due to widespread payment usage.
Specifically, USD1 issuers must suspend any further digital currency issuance and provide a remediation plan to the relevant regulator, outlining steps to ensure their usage does not negatively impact the euro.
If USD1 wants to work in places where it can experience uninhibited growth, the European market might not be the best fit for this stablecoin. Other parts of MiCA also suggest this could be the case.
MiCA Limitations to Stablecoins as Investment Vehicles
EU regulators have been clear that stablecoins, or e-money tokens (EMTs), as the regulation refers to them, are payment instruments that should not be confused with investment vehicles. The MiCA framework has a few rules in place to prevent this.
Given the circumstances, experts like Bai think WLF might want to focus on countries with better market conditions for stablecoin issuers.
Should WLF Consider the EU Market for USD1 Operations?
While the European Union has an undeniable crypto market presence, other jurisdictions have an even larger footprint.
”The EU’s crypto market remains comparatively small, with just 31 million users versus Asia’s 263 million and North America’s 38 million users, according to a report from Euronews. This limited market size may not justify MiCA compliance costs for projects, like WLFI,” Bai told BeInCrypto, adding that “Projects ultimately determine their own growth strategy. Given that, currently, the EU represents a secondary market for USD1, the project’s strategic priorities may naturally shift toward regions with less stringent stablecoin regulations to drive its adoption.”
These circumstances alone may prompt USD1 to reconsider its options.
In fact, USD1 could start by gaining a competitive edge right at home.
USD1’s Political Backing at Home
With a crypto-friendly president in office –whose very crypto project officially announced the launch of USD1– the stablecoin has sufficient backing to make its mark.
Looking past the immediate future, Bai underlined that if the US doesn’t keep developing supportive crypto regulations, USD1’s growth in the country could be held back following a government shift.
Given this reality, USD1’s failure to comply with the EU’s regulations, should it ever even consider applying for a MiCA license in the first place, could have negative consequences for the project’s long-term viability.
Regardless of the markets WLF evaluates in its efforts to increase the reach of USD1, compliance with general stipulations concerning transparency, legal architecture, and real-time transaction oversight could be conducive to its eventual success.
Crypto whales have begun to quietly shift their altcoin positions following Trump’s Liberation Day tariffs. Uniswap (UNI), Chainlink (LINK), and Ondo Finance (ONDO) have all seen declines in the number of wallets holding between 10,000 and 100,000 tokens.
While the sell-off hasn’t been dramatic, the timing and consistency across multiple tokens suggest growing caution or short-term repositioning. As these altcoins face key support and resistance levels, whale behavior could continue to shape their price trajectories in the coming days.
Uniswap (UNI)
The number of Uniswap (UNI) addresses holding between 10,000 and 100,000 tokens has been steadily declining, a trend that began before Trump’s so-called Liberation Day and has continued in its aftermath.
Between April 2 and April 3 alone, this group of crypto whales dropped from 825 to 821, signaling a slight but notable reduction in confidence or positioning from a segment often seen as strategically reactive.
Number of Addresses Holding Between 10,000 and 100,000 UNI. Source: Santiment.
While this decline may seem modest, it reflects a broader sentiment of caution among larger UNI holders, which often precedes or reinforces price weaknesses.
Currently, UNI price remains in a clear downtrend, with growing risks of a drop toward the $5.50 level or even below it if bearish momentum continues. However, if the trend begins to reverse, the token could first test resistance at $5.97.
A successful breakout from there could push Uniswap higher toward $6.23, a level that would suggest a stronger recovery is underway.
For now, though, the decrease in whale-sized wallets and prevailing bearish momentum place the asset in a vulnerable technical position.
Chainlink (LINK)
While the number of Chainlink (LINK) whale addresses—those holding between 10,000 and 100,000 LINK—only slightly declined after Trump’s Liberation Day, falling from 2,859 to 2,855, the context leading up to that matters more.
From March 29 to April 1, this group was actively accumulating, with the number of crypto whales rising from 2,852 to 2,860. This short burst of accumulation suggested growing confidence in LINK’s upside potential heading into the month.
The recent dip may simply reflect mild profit-taking or caution during the current correction rather than a broader shift in sentiment.
Number of Addresses Holding Between 10,000 and 100,000 LINK. Source: Santiment.
Technically, LINK is at a critical point. If the ongoing correction deepens, the token could fall below $12 for the first time since November 2024, with $11.85 as the key support to watch.
However, if the trend shifts and buyers regain control, LINK could first test resistance at $13. A break above that level would likely open the door for a move toward $13.45.
Ondo Finance (ONDO)
ONDO is showing a trend similar to Chainlink, with whale accumulation taking place between March 26 and March 29 as the number of addresses holding between 10,000 and 100,000 ONDO grew from 376 to 390.
This wave of accumulation pointed to growing interest and confidence from larger holders. However, after peaking, the number of whales started to drop, falling from 374 to 371 following Trump’s Liberation Day.
This decline, while subtle, may indicate a pause in optimism or a cautious shift in positioning among key players.
Number of Addresses Holding Between 100,000 and 1,000,000 ONDO. Source: Santiment.
From a price perspective, ONDO now sits at an important moment. If it can regain the bullish momentum seen last month, it could push through the resistance at $0.82, with the potential to climb further toward $0.90 or even $0.95 if strength persists.
However, if momentum continues to fade, downside risks increase, with support levels around $0.76 and $0.73 likely to be tested.
