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Trump Promises Clear Crypto & Bitcoin (BTC) Regulations As Family Sells Stake in Stablecoin Venture | Flash News Detail | Blockchain.News
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7/1/2025 11:50:00 AM

Trump Promises Clear Crypto & Bitcoin (BTC) Regulations As Family Sells Stake in Stablecoin Venture

Trump Promises Clear Crypto & Bitcoin (BTC) Regulations As Family Sells Stake in Stablecoin Venture

According to @KookCapitalLLC, Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration would work towards "clear and simple market frameworks" for crypto and Bitcoin (BTC) and support dollar-backed stablecoins through the GENIUS Act. This development comes as an entity linked to the Trump family, DT Marks DEFI LLC, reportedly reduced its ownership stake in the parent company of stablecoin issuer World Liberty Financial (WLFI) from 60% to 40%, coinciding with the Senate's passage of a significant stablecoin regulation bill. The source highlights Trump's extensive ties to the crypto industry, including NFTs, a planned Bitcoin treasury for his media company, and family involvement in Bitcoin mining, which creates potential conflicts of interest as new regulations are formed. Market data indicates a concurrent downturn, with Bitcoin (BTC) trading at $105,588.17, down 1.83%, and Ethereum (ETH) at $2,414.00, down 4.04% in the last 24 hours.

Source

Analysis

The cryptocurrency market is navigating a complex interplay of bullish political overtures and bearish short-term price action, following former President Donald Trump's recent affirmations of support for the digital asset industry. Speaking at the Coinbase State of Crypto Summit, Trump reiterated his commitment to fostering a favorable regulatory environment, promising to establish "clear and simple market frameworks" to ensure American dominance in crypto and Bitcoin. This pro-crypto rhetoric, which included mentions of a potential U.S. Strategic Bitcoin Reserve, comes at a pivotal time, with significant stablecoin legislation, the GENIUS Act, advancing through Congress. However, the market's immediate reaction appears disconnected from this political optimism. Bitcoin (BTC) is currently trading at approximately $105,588 on the BTC/USDT pair, marking a 1.83% decline over the past 24 hours. The asset has oscillated between a high of $107,800 and a low of $105,479, indicating significant volatility and a struggle to maintain upward momentum. The immediate support for traders to watch is this 24-hour low, a break below which could signal further downside pressure.



Altcoin Market Reacts as ETH and SOL See Deeper Pullbacks



While Bitcoin shows signs of consolidation after its recent dip, the altcoin market is experiencing a more pronounced downturn. Ethereum (ETH) has fallen approximately 4.04% to trade at $2,414 against USDT, underperforming Bitcoin and pushing the crucial ETH/BTC ratio down by 1.328% to 0.02303. This suggests that in the current risk-off environment, capital is flowing from Ethereum back to Bitcoin. The 24-hour low for ETH stands at $2,404, a critical level that must hold to prevent a steeper correction. The situation is even more challenging for Solana (SOL), which has plunged 7.36% to $146.11. The SOL/BTC pair reflects this weakness, dropping over 6.17%, highlighting a broader flight from higher-beta altcoins. This sell-off occurred despite positive long-term developments, such as comments from Circle CEO Jeremy Allaire at the same summit, who noted the significant shift in institutional perception of crypto over the past decade. The current price action indicates that traders are prioritizing capital preservation over speculative bets on future regulatory tailwinds.



Stablecoin Politics and On-Chain Clues



The legislative focus on stablecoins is a key narrative, yet it is complicated by political maneuvering and on-chain activities. As the stablecoin regulation bill gained bipartisan support in the Senate, reports based on legal disclosures indicate that DT Marks DEFI LLC, an entity affiliated with Donald Trump and his family, reduced its stake in the parent company of World Liberty Financial (WLFI), which operates its own stablecoin. This move, which reduced the affiliated ownership from 60% to 40%, has raised questions about the timing and motivations behind the sale, especially given the president's direct influence on the regulatory landscape. For traders, this adds a layer of political risk to the stablecoin sector. While clearer regulations could be a massive boon for issuers like Circle (USDC), the market may remain wary of assets closely tied to politically exposed figures until full transparency is achieved. The market's caution is visible across various pairs, with even established projects like Cardano (ADA) seeing a 6.42% drop against Bitcoin (ADABTC), touching a low of 0.00000500 BTC.



Amid the broad market decline, a few assets are showing relative strength, offering potential opportunities for discerning traders. Avalanche (AVAX) stands out with a remarkable 6.73% gain against Bitcoin, with the AVAX/BTC pair climbing to 0.00022670. This divergence suggests a specific catalyst or strong community support is insulating AVAX from the wider market fear. Similarly, Litecoin (LTC) is up 1.69% against Bitcoin, and Dogecoin (DOGE) also shows a modest 1.83% gain on its BTC pair, backed by substantial 24-hour volume of over 137,000 BTC. These pockets of strength indicate that the market is not monolithic. Traders are actively rotating capital, seeking assets with unique narratives or stronger short-term technicals. As Bitcoin hovers above its $105,500 support, the performance of these outliers, particularly their strength against BTC, will be a key indicator of whether broader market sentiment is poised for a recovery or a continued leg down.

kook

@KookCapitalLLC

Retired crypto hunter seeking 1000x gems through BullX strategies

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