ChainCatcher reports that Senator Warren called the application “the most despicable” presidential corruption scandal, pointing out that an investment firm related to UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan invested $500 million in WLFI four days before Trump’s inauguration, gaining 49% equity, with approximately $187 million flowing to Trump family entities.
Warren urged Gould to reject or suspend the review of the application, stating that approval would make him “an accomplice in corruption.” Gould refused to intervene, saying he would handle the application through normal procedures, and countered that the only political pressure he felt came from Warren. Forty-one House Democrats previously wrote to the Treasury Secretary warning that approving the license could threaten “the legitimacy of the U.S. banking system and its independence from foreign actors.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
“Sports Betting Contract” is a derivative! The U.S. CFTC blocks local law enforcement to fight for regulatory control of prediction markets
The U.S. federal government argues that sports event wagering should be treated as a financial derivative rather than gambling, and it seeks to bar Arizona from enforcing against Kalshi, the prediction market platform. If the court backs the federal position, prediction markets will operate under uniform nationwide regulation, weakening each state’s ability to regulate. This legal dispute concerns the legitimacy of prediction markets and the allocation of regulatory authority, affecting the future development of the industry.
区块客33m ago
A certain CEX offers temporary relocation options for employees in the United Arab Emirates to deal with regional conflict
Amid the impact of the Iran war, a certain CEX offered about 1,000 temporary relocation options for its employees in the UAE, including to places such as Hong Kong. Its UAE operations remain normal, and global user services are unaffected. This move is intended to address disruptions to cryptocurrency activities caused by regional conflicts.
GateNews1h ago
Circle Responds to the Drift Protocol Hack: USDC Freezing Must Be Executed Legally, Urges Faster Crypto Legislation
Circle’s Chief Strategy Officer Dante Disparte responded to the Drift Protocol theft incident, emphasizing that freezing USDC is being carried out according to law, calling for stronger coordination between law and technology, and suggesting that DeFi protocols should draw on protection mechanisms from traditional markets to advance legal protection of property rights and financial privacy.
GateNews1h ago
The ECB supports transferring regulatory powers—such as those over crypto asset service providers—uniformly to the ESMA.
The European Central Bank supports transferring regulatory authority over cross-border financial market participants such as crypto-asset service providers to the European Securities and Markets Authority, with the aim of strengthening the integration of the EU capital markets and their competitiveness; the related proposals will be subject to legislative talks between member states and the European Parliament.
GateNews1h ago
Put the Genius Act into action! The U.S. will bring stablecoin issuers under regulation and require the ability to freeze transactions for “anti-money laundering capabilities.”
The U.S. Department of the Treasury classifies stablecoin issuers as financial institutions, requiring them to comply with anti–money laundering regulations and designating U.S. residents with no criminal record as compliance officers. The new requirements grant issuers the authority to freeze transactions, emphasizing the protection of the financial system and the promotion of technological development. However, regulatory pressure and political power struggles still remain, and the outlook for the market in the future is still to be seen.
CryptoCity2h ago
Caixin: Polymarket’s use of USDC settlement creates legal risk for participants within China
The article discusses legal disputes involving Polymarket prediction markets, especially the unclear boundary between insider trading and gambling. It emphasizes that using USDC for settlement exposes Chinese participants to legal risk, and it mentions the “End Prediction Market Corruption Act” proposed by a U.S. senator, which prohibits certain government officials and their family members from participating in prediction market trading.
GateNews2h ago
