Commodities Tokenization Accelerates

WLFI CEO Zack Witkoff emphasized during his keynote that tokenization is not just a theoretical concept for the company but an active strategy already in motion:

“We didn’t just think about it—we are actively building it.”

According to the company’s plan, both energy resources like oil and gas and agricultural/raw materials such as cotton and lumber will be digitized on-chain. This move is seen as a significant step in the broader trend of Real World Assets (RWA) tokenization.

Powered by the USD1 Stablecoin

At the heart of WLFI’s tokenization push is its dollar-pegged stablecoin, USD1. With a market capitalization already approaching $2.7 billion, USD1 has become the fifth-largest stablecoin globally.

Witkoff stressed that USD1 is designed not just as a payment mechanism but as “the currency of the future of finance.” He also highlighted WLFI’s mission to act as “the voice of the people” through decentralization and community focus.

Trump Jr.: “We Aim for Global Growth”

WLFI Co-Founder Donald Trump Jr. framed the project as a global initiative: “As America, we must lead—but this is not just for the U.S., it’s a platform designed for the entire world.”

Both Witkoff and Trump Jr. clarified that WLFI is not a political endeavor but a purely commercial enterprise. Witkoff explained:

“Dollarizing the world is a patriotic mission, but it’s also a step that will bring global benefits. We love President Trump and believe he’s the greatest president in history. But World Liberty Financial is not a political organization—it is a commercial venture.”

The New Direction of Crypto Finance

WLFI’s strategy is seen as critical for bridging the gap between crypto and the real-world economy. Tokenizing commodities and financial assets could increase transparency, reduce costs, and open access for global investors.

Experts believe this move positions WLFI not only as a strong player in the stablecoin sector but also as a serious contender in the global tokenization race.

The post World Liberty Financial Launches a Commodities and Tokenization Initiative! appeared first on Coin Engineer.

The proposal targets the President, Vice President, members of Congress, and senior officials. Family members of these individuals are also included. The law bans digital earnings starting 180 days before holding office and lasting for two years after leaving. 

Trump’s family-related World Liberty Financial (WLF) platform announced $57.4 million in revenue for 2024, which sparked the COIN Act initiative. The bill aims to prevent ethical violations and ensure transparency. 

Schiff said, “President Donald Trump’s cryptocurrency dealings raised significant ethical, legal, and constitutional concerns about using the presidency to enrich himself and his family. Therefore, I am introducing legislation to prevent any financial exploitation of digital assets by the president and the First Family, including public officials.” 

Key Provisions of the COIN Act 

The bill severely restricts digital asset activities. Notable points include: 

• Broad Scope: Covers all digital assets like memecoins, NFTs, and stablecoins. Mining, sponsoring, and promoting these assets will be prohibited. 
• Clear Timeline: The law applies 180 days before the term begins and continues for two years after the term ends. Family members are also subject to these bans. 
• Increased Transparency: Every transaction over $1,000 must be reported. Digital assets must be included in annual income disclosures. 
• Harsh Penalties: Profits will be forfeited to the government. Fines and imprisonment may also apply. 
• Legal Update: The GAO will prepare an ethics rule proposal within 360 days after the law’s enactment, marking a significant step in digital asset regulation. 

Political Tensions: Will the COIN Act Pass? 

Trump’s USD1 stablecoin initiative and $TRUMP memecoin launch have intensified conflict-of-interest debates. As of April, Trump’s digital assets were reported at $2.9 billion, representing 40% of his total wealth. 

In May, an Abu Dhabi-based company planned a $2 billion investment in Binance with the WLF stablecoin. Also, the family’s stake in WLF dropped from 75% in December to 40% in June. This decline means millions in potential gains. However, the COIN Act’s passage remains uncertain. Democrats are in the minority in the Senate, and Trump is likely to veto it. The bill requires a two-thirds majority in both chambers to pass. 

Senator Schiff had previously supported the GENIUS Act, but that bill excluded the president and vice president. The COIN Act aims to close this gap and prevent the misuse of public office for personal profit. 

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The post Senator Schiff’s Crypto Blow to Trump: No More Winning!  appeared first on Coin Engineer.