The Trump family’s crypto project, WLFI, is hiring a chief financial officer for its proposed crypto bank.

2026-01-16 by admin

PANews reported on January 16th, citing Bloomberg, that World Liberty Financial, the Trump family’s crypto project, is seeking a banking license, with its new entity, “World Liberty Trust Co.”, submitting its application on January 5th. According to the application documents, the current position of Chief Financial Officer is “pending,” but sources indicate plans to fill the role soon. If approved, the license would allow World Liberty Trust Co. to perform banking functions in specific ways, including asset protection, as part of the company’s goal to promote the “mainstream adoption” of its USD-denominated stablecoin, USD1.

According to Nikita Bier, X Product Lead and Solana Ecosystem Advisor, on January 15th, Deep Tide TechFlow reported that X platform is revising its developer API policy, which will no longer allow applications that reward users for posting on X. Bier stated that such applications have led to a large amount of AI-generated low-quality content and reply spam on the platform. X platform has revoked API access for these applications, and user experience is expected to improve soon. For developer accounts whose API access has been terminated, X platform indicated it will assist in transitioning their business to Threads and Bluesky platforms.

Deep Tide TechFlow News, January 15 - According to Coinglass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $356 million, with long positions liquidated at $214 million and short positions liquidated at $142 million.BTC liquidation amounted to $103 million, while ETH liquidation reached $80.6949 million. Over the past 24 hours, a total of 125,326 traders were liquidated, with the largest single liquidation occurring on the PUMP-USD trading pair on Hyperliquid, valued at $11.1454 million.

BlockBeats News, January 16th, according to Bloomberg, Coinbase CEO Brian Armstrong met with lawmakers on Capitol Hill to ensure his company can continue paying rewards to users holding stablecoins on the platform. Armstrong stated that banking lobbying groups are attempting to restrict stablecoin rewards through legislation, which would hinder the crypto industry's ability to compete with banks for funds. He believes that Americans should have the right to earn higher yields through their funds, and banks are concerned about being forced to raise deposit rates for customers as a result.Previously, Armstrong opposed a draft digital asset market structure bill planned for review by a Senate committee, after which committee chairman Tim Scott announced a delay in action on the bill. The compromise clause in the draft originally prohibited payment of deposit yields but allowed other forms such as trading rewards. However, senators are expected to vote on an amendment that comprehensively bans stablecoin rewards, with the outcome still unclear.

PANews reported on January 16th that Goldman Sachs is exploring opportunities in prediction markets, a move aimed at allowing the investment bank to benefit from this rapidly evolving field of betting on real-world events. CEO Solomon called prediction markets "very interesting" and said he had personally met with the heads of two of the largest prediction market firms in the field over the past two weeks. "We have a team here engaging with them and conducting research," Solomon said on Thursday's analyst call following the bank's fourth-quarter earnings release. The entry of this mainstream Wall Street firm into prediction markets could enhance the legitimacy and trading volume of this less regulated but burgeoning financial segment. Several market-making firms have already joined the race.

PANews reported on January 16th, citing Bloomberg, that World Liberty Financial, the Trump family's crypto project, is seeking a banking license, with its new entity, "World Liberty Trust Co.", submitting its application on January 5th. According to the application documents, the current position of Chief Financial Officer is "pending," but sources indicate plans to fill the role soon. If approved, the license would allow World Liberty Trust Co. to perform banking functions in specific ways, including asset protection, as part of the company's goal to promote the "mainstream adoption" of its USD-denominated stablecoin, USD1.