Today in crypto news, World Liberty Financial's co-founder Zach Witkoff responded to US lawmakers scrutinizing potential conflicts of interest involving President Trump, asserting that the company was focused on innovation rather than regulatory oversight. Meanwhile, a report from Fireblocks indicated that 90% of institutional players in the crypto space are either using or planning to adopt stablecoins, driven by the need for efficiency in cross-border transactions. The survey revealed that 49% of institutions currently use stablecoins for payments. On the regulatory front, the US Department of Justice added 12 individuals to a crypto racketeering case involving the theft of 4,100 Bitcoin worth $263 million from a Genesis creditor, highlighting ongoing issues of cybercrime in the crypto industry.

Source đź”—