Lawmakers discussed stable coin regulation, including the Clarity Act and potential rewards on stable coins.
WLFI is up 20% today because World Liberty Financial has said it plans to tokenize loan revenue tied to the Trump International Hotel & Resort now being built in the Maldives.
Traders reacted fast. The token is now linked to projected resort loan income, and that pushed WLFI higher during a week when the broader crypto market looked mixed.
World Liberty Financial lists President Donald Trump as “co-founder emeritus.” The company said it will tokenize revenue interests from loans connected to the Maldives resort.
Those tokens will fall under its branded real-world asset strategy. The announcement came Wednesday at the World Liberty Forum held at Mar-a-Lago in Palm Beach, Florida.
The forum brought out Goldman Sachs CEO David Solomon, Coinbase CEO Brian Armstrong, Eric Trump and Donald Trump Jr. also spoke.
John D’Agostino from Coinbase Institutional spoke about volatility. John said, “There are emotional break points. Uh 100,000 I think was an emotional break point on the upside where a lot of people who’ve been holding it since a,000 bucks 2,000 bucks said okay now I can kind of delever and take some risk off.
“Um I think any handle six handle, five handle, eight handle, nine handle, 10 handle is an emotional break point. uh in terms of the technicals, you know, that varies based on momentum,” John added.
His comments came as investors tried to make sense of price levels across the market while WLFI climbed.
Ohio Senator Bernie Moreno spoke at the event. Bernie said the Clarity Act could become law by April. He supports allowing rewards on stable coins. Bernie said, “What it means is that the cash that you hold, you’re going to have competition to pay you more interest. So, you’re going to be able to get more money for the money that you have in your wallet or the money that you have in some sort of account. So, this is very, very good for working Americans because ultimately this is about giving Americans more rewards for being able to have cash. uh on reserve, be able to get paid quicker, be able to transact faster, democratize the financial systems.”
Brian addressed concerns about blocking regulation. Brian said, “One of the big issues that did come up in the past was this idea of stable coins on rewards. Um I wouldn’t say we blocked it. In fact, nobody, I think, in the crypto space has been working harder on this over the last few years to try to get some legislation. Uh, what we did say was the current draft, we had some issues with it. I think that caused everyone to come back to the table.”
Brian then said:-
“And there’s now a path forward where we can get a win-win-win outcome here. Win for the crypto industry, a win for the banks, and a win for the American consumer uh to get President Trump’s crypto agenda through to the finish line uh so we can make America the crypto capital of the world.”
Eric and Donald Jr. also spoke about bringing crypto and traditional finance together. Critics from the Democratic Party have questioned whether the Trump family’s crypto involvement could create conflicts of interest.
The White House said the president’s crypto holdings are held in a trust managed by his children. Eric has dismissed those concerns in prior interviews.
Dragonfly Capital announced it closed a $650 million fourth fund. Backers include JP Morgan and the Rockefeller Foundation. General manager Rob Haddock spoke about raising money during a risk-off period.
Rob said investors want managers who understand traditional market structure, crypto systems, and blockchain technology.
He said 2025 and 2026 could bring faster adoption across payments, stable coins, prediction markets, decentralized finance, and market structure reform.
Dragonfly has focused heavily on stable coins. It invests in issuers like Agora and Athena. It also backs Rain, which settles stable coins directly with Visa 365 days a year.
That channel grew from zero last April to over $4 billion annualized in direct settlement volume. The firm is also looking at tokenization, blockchain infrastructure, decentralized finance, centralized finance, and AI crypto crossover.
Gemini announced executive exits, including its COO, CFO, and CLO, after cutting roughly 25% of staff. The company said it will stop operating in the UK, EU, and Australia to focus on the United States. Galaxy shares have fallen about 22% month to date.
