Today in crypto, Changpeng Zhao, former CEO of Binance, forcefully refuted claims made by The Wall Street Journal linking his crypto dealings with a Trump-associated decentralized finance platform, World Liberty Financial. Zhao called the article a 'hit piece' and firmly denied any role as a 'fixer' for WLF, insisting that he had no connections facilitating introductions during his travels. Meanwhile, CFTC Commissioner Summer Mersinger announced that crypto perpetual futures could debut in the U.S. very soon, highlighting the positive impact of regulated trading on the industry. Additionally, U.S. Senate members plan to amend the GENIUS Act to prevent presidents from profiting from stablecoins, following concerns regarding President Trump’s ties to World Liberty Financial, which recently launched a stablecoin. The proposed amendment reflects bipartisan concerns over influence and corruption related to stablecoin legislation.

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