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Here’s what happened in crypto today – ‘Coin Telegraph’ News Summary (United States)

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May 19, 2025
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Fast Summary:

Today in crypto, Moody’s degrades US credit standing, Bitcoin’s subsequent explosive transfer might ship the asset to $250,000 by the top of 2025, in keeping with analyst Scott Melker, and the co-founding father of World Liberty Monetary pushes again towards US lawmakers’ makes an attempt to probe potential conflicts of curiosity involving the president.

In a Could 15 letter to Senator Richard Blumenthal, legal professionals for World Liberty Monetary claimed a name to research the crypto platform was primarily based on “basically flawed premises and inaccuracies.” Witkoff didn’t particularly handle any allegations, claiming that WLFI was “too busy constructing” for oversight.“The Firm rejects the false selection between innovation and oversight,” stated the letter.“What it opposes is the misuses of regulatory authority and uncertainty to suppress lawful innovation.”Could 15 letter to Sen.Blumenthal.

World Liberty Monetary brushes off oversight issues from CongressZach Witkoff, one of many co-founders of the Donald Trump household-backed crypto platform World Liberty Monetary (WLFI), has rebuffed efforts by US lawmakers to research the president’s potential conflicts of curiosity.

Article Particulars

Creator / Journalist: Cointelegraph by Cointelegraph

Class: Crypto

Markets:

Matters:

Supply Web site Safe: Sure (HTTPS)

News Sentiment: Impartial

Reality Checked: Reputable

Article Kind: News Report

Revealed On: 2025-05-17 @ 23:27:31 (1 days in the past)

News Timezone: GMT -5:00

News Supply URL: cointelegraph.com

Language: English

Article Size: 563 phrases

Studying Time: 4 minutes learn

Sentences: 25 traces

Sentence Size: 23 phrases per sentence (common)

Platforms: Desktop Internet, Cellular Internet, iOS App, Android App

Copyright Proprietor: © Coin Telegraph

News ID: 28773944

View Article Evaluation

About Coin Telegraph

Coin Telegraph Logo

Predominant Matters: Crypto

Official Web site: cointelegraph.com

Replace Frequency: 43 posts per day

Yr Established: 2013

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Headquarters: United States

News Final Up to date: 7 hours in the past

Protection Areas: United States

Possession: Unbiased Firm

Publication Timezone: GMT -5:00

Content material Availability: Worldwide

News Language: English

RSS Feed: Obtainable (XML)

API Entry: Obtainable (JSON, REST)

Web site Safety: Safe (HTTPS)

Writer ID: #11

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