🇺🇸 Tether's Strategic Move: Former Trump Advisor Bo Hines Joins to Lead U.S. Expansion

🚀 Tether is making a significant move in its U.S. expansion efforts by hiring Bo Hines, a former executive director of the White House Crypto Council under President Donald Trump. This appointment, announced on August 19, signals Tether's intent to influence stablecoin policy and strengthen its presence in the American market.

🗣 Tether's CEO, Paolo Ardoino, emphasized the importance of Hines' experience in shaping digital asset policy.

Bo’s appointment demonstrates our commitment to building a strong U.S.-based presence that spans across multiple sectors,

he stated. Hines' background includes establishing regulatory frameworks for stablecoin issuers and leading initiatives focused on consumer protection and financial stability.

💬 Hines expressed his enthusiasm for his new role, highlighting the transformative potential of stablecoins in modernizing payments and enhancing financial inclusion. He stated,

During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion.

His goal is to create a compliant and innovative ecosystem that benefits U.S. consumers while supporting financial modernization.

⚖️ As the debate over the risks and oversight of stablecoins continues among policymakers, Tether's recruitment of Hines reflects its strategy to combine policy expertise with aggressive investment in the U.S. market. This move positions Tether to navigate the complex regulatory landscape and capitalize on the growing adoption of digital assets.

🚀 SEC's Nationwide Crypto Roadshow: A Shift Towards Collaborative Policymaking

🌍 The U.S. Securities and Exchange Commission (SEC) has launched its Crypto Task Force: On the Road initiative, hosting a series of roundtables across the country to engage with grassroots innovators in the cryptocurrency space. This effort aims to gather feedback from a broader range of stakeholders, particularly those who have been historically underrepresented in policymaking discussions.

🗓 The roadshow began on August 4 in Berkeley and will continue through December, with upcoming stops in cities like Dallas, Chicago, and New York City. The SEC emphasized its commitment to comprehensive outreach, stating,

The Crypto Task Force wants to hear from those who weren’t able to travel for the roundtables, and from voices that may have been historically underrepresented in other policymaking efforts.

✍️ While acknowledging that demand for meetings may exceed availability, the SEC reassured stakeholders of its dedication to providing multiple avenues for engagement, including written submissions. This initiative comes at a time of increased scrutiny on crypto regulation and may signify a shift towards more inclusive and collaborative policymaking practices.

🤝 Supporters of crypto innovation argue that direct dialogue with regulators is essential for balancing investor protection with the need for technological growth. The SEC's proactive approach through this roadshow could pave the way for a more open and constructive regulatory environment for digital assets.

🌍 Africa's Cybercrime Crackdown: A Coordinated Interpol Operation

🚨 An Interpol-coordinated operation has led to a significant crackdown on cybercrime across Africa, resulting in 1,209 arrests and the recovery of $97.4 million. In Angola, authorities shut down 25 illegal cryptocurrency mining centers and confiscated 45 illicit power stations and equipment valued at over $37 million.

🔍 The seized equipment will be used by the Angolan government to support power distribution in vulnerable areas. A prohibition on cryptocurrency mining was implemented in 2024 following the approval of a bill aimed at addressing the environmental impact of the crypto industry and protecting the country's monetary sovereignty.

⚠️ Despite a warning from the China Embassy in Angola against cryptocurrency mining, which followed the detention of several Chinese citizens for illegal electricity use, about 60 Chinese nationals were later caught illegally validating blockchain transactions.

💰 In Zambia, authorities dismantled a large-scale online investment fraud scheme that had defrauded approximately $300 million from 65,000 victims. The cybercriminals had promised high returns on cryptocurrency investments. Fifteen individuals were arrested, and key evidence including domains, mobile numbers, and bank accounts was seized.

🗣 Valdecy Urquiza, Secretary General of Interpol, remarked on the operation's success:

Each INTERPOL-coordinated operation builds on the last, deepening cooperation, increasing information sharing and developing investigative skills across member countries.

🚔 In addition to the crypto-related actions, African authorities also disrupted a human trafficking syndicate and a transnational inheritance scam. The operation resulted in the dismantling of 11,432 malicious infrastructures across the continent.

💰 The Smarter Web Company Expands Bitcoin Holdings

🔍 The Smarter Web Company (Aquis: SWC) has recently acquired an additional 45 bitcoins at an average price of £82,919 (approximately $111,758) as part of its ongoing “10 Year Plan” treasury policy. This latest purchase increases the company's total bitcoin holdings to 2,440, with a cumulative average cost of £82,409 (about $111,071) and a total expenditure of around £201,077,906.

💼 The company reported having an approximate net cash balance of £600,000 available for further bitcoin acquisitions. It highlighted a year-to-date BTC yield of 56,105% and a 30-day BTC yield of 28% on its treasury. The Smarter Web Company, which has been accepting bitcoin payments since 2023, emphasized that its treasury strategy focuses on ongoing bitcoin accumulation alongside organic growth and targeted acquisitions to enhance recurring revenue.

📈 Bitget: Leading the Cryptocurrency Exchange Landscape

🚀 Bitget, recognized as the world’s leading cryptocurrency exchange and Web3 company, has recently been featured in a CoinDesk Market Data Deep-Dive report for its exceptional performance in trading volume, institutional adoption, and liquidity. From November 2023 to June 2025, Bitget achieved a remarkable $11.5 trillion in derivatives volume, positioning itself among the top four global exchanges. The report highlighted Bitget as the number one exchange for ETH and SOL spot depth and second for BTC, solidifying its status as a leader in execution quality.

📊 In 2025, Bitget continued to demonstrate strong performance with average monthly volumes reaching $750 billion, predominantly driven by derivatives. Despite cooler market conditions, Bitget emerged as a structurally important venue characterized by scale, stickiness, and growing institutional weight. Notably, the user mix is rapidly changing; in the first half of 2025, 80% of spot volumes and 50% of derivatives volume came from institutions, reflecting a significant shift towards institutional participation.

💡 The report attributes this evolution to Bitget’s upgraded product offerings, including its Liquidity Incentive Program and institutional lending suite. Additionally, the native BGB token ranked as the third-most traded spot asset after BTC and ETH, contributing to Bitget’s highest-ever spot market share of 5.2% in May. Combined, BTC, ETH, and BGB accounted for 44% of spot activity, indicating stable institutional demand.

🔝 Bitget’s liquidity leadership was further emphasized in the report, which named it the #1 exchange for ETH and SOL liquidity and #2 for BTC spot depth. With an average BTC slippage of just 0.0074% for $100K trades, Bitget ranked among the top three globally for execution quality.

We’ve been deliberate about how we scale, we deliver world-class products, and provide one of the strongest security infrastructures,

said Gracy Chen, Chief Executive Officer at Bitget.

📈 The CoinDesk report also highlighted Bitget’s Onchain launch in April 2025, which contributed to a 32% month-on-month increase in spot volumes. It noted Bitget’s dominance in XRP derivatives open interest and its leadership in Layer-1 and memecoin sectors. With its strong positioning, Bitget has scaled deeper into institutional markets and introduced hybrid on-chain/off-chain liquidity, shaping the next phase of exchange evolution.

🌍 Established in 2018, Bitget serves over 120 million users across 150+ countries. It is committed to driving crypto adoption through strategic partnerships, including its role as the Official Crypto Partner of LALIGA and collaboration with UNICEF to support blockchain education for 1.1 million people by 2027.

🚀 AlphaTON Capital Launches $100M TON Treasury Strategy, Rebrands as ATON on Nasdaq 📢

👉 Read more

🪙 Lagarde Emphasizes Compliance of Stablecoins with EU Regulations

🇪🇺 Christine Lagarde, head of the European Central Bank (ECB), has underscored the importance of stablecoin projects adhering to EU-equivalent regulations in other jurisdictions to mitigate risks for funds held in Europe. Speaking at a recent conference, she stated,

European legislation must ensure that these schemes cannot operate in the EU unless they are underpinned by robust equivalence regimes in other jurisdictions and safeguards relating to the transfer of assets between EU and non-EU entities.

⚖️ The EU boasts one of the most stringent regulatory frameworks for stablecoins, which has led to the delisting of major projects like Tether's USDT from European exchanges due to compliance issues. However, Lagarde argues that this framework is still inadequate when companies operate in regions with lax regulations. She pointed out that the interconnectedness of the international financial system means that a crisis in one market can create imbalances in others.

🌍 Lagarde emphasized the necessity of international cooperation in addressing these risks, stating,

This also highlights why international cooperation is indispensable. Without a level global playing field, risks will always seek the path of least resistance.

She also expressed concerns about the potential impact of stablecoins on international economies, warning that their widespread acceptance could lead to the privatization of money.

💶 In response to the challenges posed by stablecoins, the ECB has been advocating for the digital euro as a sovereign solution. This contrasts with the approach of the U.S. government, which has promoted stablecoins as a means to extend dollar hegemony internationally.

🌍 Boerse Stuttgart Group Launches Seturion: A Revolutionary Blockchain-Based Settlement Platform

🚀 The Boerse Stuttgart Group has introduced Seturion, a groundbreaking pan-European, blockchain-based settlement platform designed to streamline cross-border settlement for tokenized assets and reduce costs for market participants. This innovative platform is accessible to banks, brokers, traditional and digital trading venues, and tokenization platforms.

🔗 Seturion supports both public and private blockchains and facilitates settlement using central bank money or on-chain cash across all asset classes. Boerse Stuttgart’s European trading venues will be the initial users of the platform, with plans for broader partner onboarding in the future. The Seturion solution is already in use by the Swiss DLT trading venue BX Digital and has been tested in ECB blockchain trials.

👩‍💼 Dr. Lidia Kurt will lead Seturion as CEO, supported by an experienced management team. Boerse Stuttgart has also applied for a BaFin DLT Pilot Regime license to operate the platform, pending regulatory approvals.

🚀 QMMM Holdings' Cryptocurrency Treasury Announcement Sends Stock Soaring

📈 QMMM Holdings, a digital media firm based in Hong Kong, experienced a staggering 1,730% increase in its stock price following the announcement of its plans to launch a $100 million cryptocurrency treasury. On September 10, the company's shares opened at $14.85 and skyrocketed to a peak of $303 within hours, before closing at $207.

💰 This remarkable surge boosted QMMM's market capitalization from approximately $850 million to $11.84 billion. Unlike many publicly traded companies, QMMM is implementing a digital asset treasury strategy that aims to provide shareholders with exposure to three major cryptocurrencies: bitcoin (BTC), ethereum (ETH), and solana (SOL).

🌐 According to a company news release, QMMM's crypto treasury is expected to grow to $100 million. This move highlights the firm's ambition to become a significant player in the Web3 ecosystem. By leveraging its expertise in artificial intelligence (AI) and digital platforms, QMMM aims to deliver sustainable value to stakeholders while positioning itself at the forefront of Web3 innovation.

“The company’s foray into cryptocurrency is expected to enhance its capabilities in delivering cutting-edge solutions and further solidify its reputation as a forward-thinking industry leader,”

QMMM Holdings stated in the release.

📊 QMMM joins a growing list of publicly traded companies that have seen explosive stock gains after announcing crypto treasury strategies. For instance, Nasdaq-listed Eightco experienced a 4,300% stock surge following its announcement of a Worldcoin treasury. Similarly, Bitmine Immersion Technologies, founded by Tom Lee, recorded a 1,300% increase after revealing its ETH-focused treasury plan.

⚠️ However, some market observers warn that such rallies may be short-lived and could leave retail investors vulnerable to significant declines. The rapid shift of companies towards crypto treasuries has also drawn scrutiny from exchanges like Nasdaq, which now reportedly seeks shareholder approval for such strategic changes.

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📝 Coinbase Enhances Transparency in Crypto Listings

🔍 On September 10, Coinbase, a leading cryptocurrency exchange, announced improvements to its digital asset listing process. The company aims to provide greater clarity and transparency in its operations, emphasizing its commitment to investor protection and regulatory compliance.

📄 Project teams are now required to submit detailed information including governance models, whitepapers, tokenomics, and third-party audits. Approved tokens undergo a structured rollout process that includes deposits, auction-based price discovery, and full trading to maintain market integrity.

We hear you – sometimes our listings process can feel unclear. We want to do better. We’re bringing more transparency to our review standards, including common roadblocks, and timelines.

📊 Coinbase assures that the application process is free and merit-based. All assets are evaluated against the same criteria. Listing timelines vary based on the project's complexity and the completeness of the application. Tokens built on established networks like Ethereum, Solana, and Polygon typically progress faster, while new blockchains require more extensive work.

🔍 In addition to technical assessments, Coinbase evaluates liquidity, market demand, and project credibility. Its review process includes legal, compliance, and technical security checks to ensure consumer protection and risk management.

⏳ For issuers concerned about timing, Coinbase clarified that due diligence on a token takes about one week, with trading enabled within two weeks of approval. However, the total timeline can vary based on factors such as the token's complexity and the responsiveness of the project team.

However, the total timeline can be significantly shorter or longer, and is based on factors such as the token’s complexity, whether we support its network, the responsiveness of the project team, and the time it takes us to complete the technical work for trading and custody. In general, the time from our review of an asset to its listing is under 30 days

⚖️ While some critics argue that this process may slow innovation, industry advocates believe that thorough due diligence enhances credibility, protects investors, and establishes a solid foundation for legitimate projects in the global marketplace.

💰 Helius Medical Secures $500 Million for Solana-Focused Treasury Initiative

🌟 Helius Medical Technologies has successfully raised over $500 million in an oversubscribed offering to establish a Solana-backed treasury vehicle. This initiative, supported by Pantera Capital and Summer Capital, aims to position SOL as its primary reserve asset while leveraging its yield and on-chain growth to accelerate Solana's expansion in the capital markets.

💵 The private investment in public equity (PIPE) was priced at $6.881 per share, with stapled warrants exercisable at $10.134. Helius plans to utilize the funds to acquire SOL and take advantage of its native staking yield and decentralized finance (DeFi) opportunities.

A productive treasury company, backing the industry’s most affordable, fastest, and most accessible network, stands to substantially increase institutional and retail access to the Solana ecosystem and help fuel its adoption around the world,”

said Dan Morehead, Founder of Pantera Capital.

🤝 The deal was backed by a diverse group of institutional and crypto-native investors, including Big Brain Holdings, Arrington Capital, Animoca Brands, FalconX, Borderless, Hashkey Capital, and Republic Digital.

📈 Solana's network fundamentals remain robust, with 3.7 million daily active wallets, over 23 billion transactions year-to-date, and a throughput exceeding 3,500 transactions per second.

⚖️ Trump vs. Cook: A Supreme Court Showdown

👨‍⚖️ The legal battle between U.S. President Donald Trump and Federal Reserve Governor Lisa Cook has escalated to the Supreme Court. Trump is seeking to overturn a temporary injunction issued by U.S. District Judge Jia Cobb, which blocked his order to fire Cook for alleged mortgage fraud.

🏠 The controversy began in 2021 when Cook took out two mortgages, claiming both properties would be her principal residence. However, she later listed one property for rent and did not report rental income in her government disclosures. The Trump administration argues this constitutes fraud, while Cook maintains it was an honest mistake made before her appointment as a Fed governor.

📜 Judge Cobb noted that the standard for firing a Federal Reserve governor requires evidence of misconduct during their tenure. She stated,

‘For cause’ thus does not contemplate removing an individual purely for conduct that occurred before they began in office.

⚖️ The Trump administration disagrees, labeling Cobb's ruling as “improper judicial interference.” Solicitor General Dean John Sauer argued that it undermines the president's authority to remove Fed board members for cause.

🔍 Interestingly, reports suggest that several Trump administration officials have also listed multiple primary residences on loan applications to secure better rates. Treasury Secretary Scott Bessent faced similar allegations in the past, which his lawyer dismissed as “nonsensical.”

📉 Cook recently participated in a Fed interest rate meeting, voting to cut the policy rate by 25 basis points—a move Trump has advocated for. If Trump succeeds in removing Cook, he could appoint four out of seven Fed governors, raising concerns about the independence of the central bank.

📊 Analysts from Goldman Sachs warned that undermining Fed independence could lead to higher inflation and an erosion of the dollar’s reserve-currency status. They stated,

A scenario where Fed independence is damaged would likely lead to higher inflation, lower stock and long-dated bond prices, and an erosion of the dollar’s reserve-currency status.

💰 Capital B Acquires 551 BTC for $64.3 Million

📈 Capital B (The Blockchain Group, ISIN: FR0011053636; ALCPB) has confirmed its acquisition of 551 BTC for approximately $64.3 million (€54.7 million). With this purchase, the company now holds a total of 2,800 BTC valued at about $307 million (€261 million), acquired at an average price of $109,542/BTC (€93,205/BTC).

📊 The company reported impressive year-to-date (YTD) figures, including a "BTC Yield" of 1,651.2% (27.8% quarter-to-date), a "BTC Gain" of 660.5 BTC (496.3 BTC QTD), and a YTD BTC euro gain of €65.6 million (€49.3 million QTD).

💼 The finalization of a €2.2 million capital increase at €2.24 per share, fully subscribed by Adam Back (announced 18 Aug 2025), facilitated the acquisition of 21 BTC for €2.1 million. Additionally, a separate Accelerated Bookbuilding at €1.55 per share raised €58.1 million (announced 16 Sep 2025) which was used to fund the purchase of 530 BTC for €52.6 million.

🔒The company has conservatively integrated potential BSA/OCA-related shares into its fully diluted basis, stating that future exercises will not increase that basis.

🌐 Coinbase and Cloudflare Launch x402 Foundation for AI-Driven Payments

🚀 Coinbase and Cloudflare are teaming up to revolutionize online payments with the launch of the x402 Foundation. Announced on September 23, this initiative aims to establish the x402 protocol as the universal standard for AI-driven transactions. By leveraging the HTTP "402 Payment Required" status code, the protocol integrates payments into web activities, allowing AI agents and applications to transfer value seamlessly during everyday internet interactions.

By creating a neutral, open standard, we aim to unlock the full potential of agentic commerce, enabling seamless, autonomous transactions between AI agents, businesses, and users

Coinbase stated. This approach seeks to eliminate the complexities of traditional payment systems, ushering in a new era of automated commerce.

💡 Practical applications of the x402 protocol are already emerging. These include pay-per-request access to AI services, real-time analytics, tipping for creators, and payments for data storage. Cloudflare will contribute its infrastructure capabilities to this collaboration, including a deferred payments feature linked to its pay-per-crawl beta.

📈 Looking ahead, Coinbase envisions the x402 protocol becoming the backbone of agent-driven economies, transforming value exchange across the internet. However, for this vision to materialize, it is crucial that x402 remains an open, neutral standard. The x402 Foundation is committed to ensuring transparent governance and fostering collaboration within the ecosystem.

However, for x402 to reach its full potential, it must be an open, neutral standard. The x402 Foundation ensures transparent governance, fostering collaboration, and inviting contributions from across the ecosystem

the crypto firm emphasized. As the foundation's membership grows with the involvement of developers, e-commerce platforms, and enterprises, the goal is to build a programmable economy that serves both people and AI agents.

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💰 Capital B Completes €1.2 Million Capital Increase to Acquire Bitcoin

🔗 Capital B (The Blockchain Group, ISIN: FR0011053636, ticker: ALCPB) has successfully executed an “ATM-type” capital increase with TOBAM at a price of €1.70 per share, raising €1.2 million ($1.4 million) to acquire 12 BTC. This transaction increases the group's total cryptocurrency treasury to 2,812 BTC, which were acquired for €262.1 million ($307.3 million) at an average price of €93,216 per bitcoin.

📈 The company emphasizes its strategy of steady Bitcoin accumulation while continuing to develop its Data Intelligence, AI, and decentralized technology subsidiaries. Capital B reports an impressive BTC Yield of 1,656.1% year-to-date and 28.1% quarter-to-date, translating to a net gain of 662.4 BTC YTD (502.7 BTC QTD) and a euro-denominated gain of €63.6 million YTD (€48.2 million QTD).

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🚀 Crypto's Resurgence: Easing Regulations and Record Highs

📈 The crypto market is experiencing a resurgence as regulatory pressures diminish, token prices reach new heights, and developer activity increases. This shift is being shaped by investors, policymakers, and developers, indicating a significant phase for digital assets. Supporters believe this momentum suggests long-term resilience and greater integration of blockchain technologies into global finance.

🗣 Binance founder Changpeng Zhao (CZ) highlighted these changes in a recent social media post. He reflected on his personal journey over the past year, stating,

A year (and 2 days) ago, I got out of prison and finally left the US. What a year since then!

He noted the political shift in the U.S., mentioning,

We saw the people of U.S. choosing a pro-crypto President and government, influencing policies all around the world.

CZ also pointed out that BNB, bitcoin, and ethereum have all reached new all-time highs, with increased developer participation in the BNB chain and the broader ecosystem.

🔒 CZ was released from U.S. federal custody in September 2024 after serving a four-month sentence. Although he is barred from a formal management role at Binance during a three-year probation period, he remains a major shareholder. Since his release, he has focused on education and philanthropy through initiatives like Giggle Academy and has been advising governments on crypto and blockchain regulation. His advisory work includes a signed agreement to help develop Kyrgyzstan’s crypto ecosystem, ensuring his influence in the global crypto sphere continues.

📊 In his remarks, CZ also addressed ongoing regulatory and structural changes. He noted the U.S. SEC's shift away from regulation-by-enforcement under new leadership and highlighted the revival of utility tokens and growth in on-chain trading volumes. He emphasized the educational impact of Giggle Academy, which has provided free learning resources to 50,000 children. He concluded his post with a call to the community:

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🪙 Ethereum's Current Market Position and Future Predictions

📈 Ethereum is currently trading at $4,500 with a market cap of $543 billion and a 24-hour trading volume of $36.86 billion. However, its intraday range of $4,446 to $4,583 indicates that the cryptocurrency market remains volatile.

We’re witnessing a recovering uptrend with a classic V-shaped rebound from its capitulation zone near $3,820.

the article states. For Ethereum to break through its consolidation ceiling, it needs to close decisively above $4,600. A bounce entry between $4,300 and $4,350 could be rewarding for traders willing to set a stop loss under $4,200.

🔄 The 4-hour chart shows Ethereum's recent rally has cooled into a sideways movement between $4,550 and $4,600. However, the trend structure remains bullish, supported by large green volume near $4,100 to $4,300. Traders looking for momentum should consider positioning around $4,350 to $4,400 or waiting for a breakout above $4,600.

📉 On the 1-hour chart, Ethereum's price action has fallen into a cautious range between $4,480 and $4,550. Despite this, the support level at $4,480 has been tested multiple times. A breakout above $4,550 with volume could present an opportunity for gains.

The relative strength index (RSI) sits at 57.4, stochastic at 87.0, and commodity channel index (CCI) at 63.0—all twiddling their thumbs in the “meh” zone.

indicates the article. However, the awesome oscillator (AO) at 19.2 and the MACD at 5.1 are leaning bullish.

📊 All key simple moving averages (SMA) and exponential moving averages (EMA) are showing a “buy” signal. The exponential moving average (10) at $4,341.7 and simple moving average (10) at $4,228.8 indicate immediate strength, while the longer-term averages provide a safety net for long-term investors.

🔮 In conclusion, Ethereum is navigating a complex market landscape. It is holding above key supports while teasing resistance levels. Traders need to decide whether to swing trade the optimism or scalp the jitters.

Ethereum’s playing a game of calculated flirtation.

💪 Bullish Scenario: Ethereum is showing strong support zones and bullish indicators. A break above $4,600 could lead to a rally towards $4,800.

⚠️ Bearish Scenario: However, fading momentum and indecisive oscillators suggest caution. If the $4,480 support level fails, it could lead to a downward slide.

🚫 Germany Blocks EU's "Chat Control" Regulation Amid Public Outcry

🇩🇪 Germany's government has rejected the European Union's proposed "Chat Control" regulation, which aimed to mandate client-side scanning of private communications for detecting abuse material. This decision denies the qualified majority needed to advance the measure and effectively postpones the planned vote next week.

📢 The move comes in response to widespread public protests and pressure from digital-rights groups and researchers. They argued that the proposal threatened end-to-end encryption and civil liberties across the bloc. Digital-rights activist and former MEP Patrick Breyer hailed the decision as a "major victory for freedom" but warned that the legislative threat is not over. He noted that proponents of the measure may reintroduce or revise it in the future.

🛡 Breyer promised continued public advocacy to block any future attempts that could enable mass surveillance. This situation highlights the ongoing tension between security measures and the protection of individual rights in the digital age.

🕵️‍♂️ Revelations About a Token Linked to Argentine President Milei in the Libra Case

🔍 A confidential informant has disclosed that there was once a plan to launch a token directly associated with Argentine President Javier Milei. This information suggests a more organized effort behind the launch of Libra than previously understood.

📜 The ongoing class action lawsuit against the Libra organizers is shedding light on the groups involved and their intentions to introduce additional tokens. Plaintiff Max Burwick presented evidence from the informant, which indicates a higher level of coordination regarding Libra and other meme tokens.

📸 The informant provided screenshot evidence to federal judge Jennifer Rochon, showing Hayden Davis of Kelsier Ventures boasting about having marketing exclusivity for "government stuff" in Argentina. Davis allegedly revealed plans to launch a token named Milei as part of a broader political token portfolio that would also feature Melania. This aligns with earlier reports suggesting that Davis claimed to control Milei's actions through bribes to her sister Karina, who is the General Secretary of the Presidency.

🗣 If verified, these images imply a significant involvement of Benjamin Chow, co-founder of Meteora, and an undisclosed group called Axiom in the Libra initiative and other Solana-launched tokens.

Axiom are the guys that did all these tokens lol

Davis reportedly told the informant.

⚖️ Burwick emphasized that these revelations aim to demonstrate the real risk of losing over $58 million worth of USDC that Rochon unblocked. He requested a review of this decision to prevent irreparable harm, as those managing these funds could convert them into untraceable assets.

📱 In Argentina, prosecutors are now investigating seized phone data to ascertain whether President Milei and Karina communicated with Libra's promoters before and after the token's launch.