Trump addresses Coinbase summit to discuss crypto plans
Trump addresses Coinbase summit to discuss crypto plans
The US president has spoken in person at the Bitcoin 2024 conference in Nashville and released a video message for the Digital Asset Summit in New York City.
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Solana-Linked $1 Billion DeFi Dream Crushed By SEC Intervention
DeFi Development Corp. hit a major roadblock this week when the US Securities and Exchange Commission blocked its $1 billion registration filing. The move came after regulators found that the company’s Form S-3 lacked a key internal controls report tied to its 10-K. As a result, DeFi Development—formerly known as Janover—pulled the filing and said it will fix the paperwork before trying again. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Missing Controls Report According to the SEC, the registration was ineligible because it did not include the required internal controls over financial reporting. That report is a must for any firm raising capital through public offerings. Without it, the commission won’t even consider your request. DeFi Development filed in late April 2025 but overlooked this step, a basic requirement in US securities law. DeFi Development (formerly Janover) has withdrawn its $1 billion Form S-3 registration after the SEC deemed it ineligible due to missing a required internal controls report in its Form 10-K. No securities were issued, and part of the proceeds had been intended for purchasing… — Wu Blockchain (@WuBlockchain) June 11, 2025 Plan To Buy Solana Based on reports, the company aimed to use the funds to buy Solana tokens. Solana ranks as the sixth-largest cryptocurrency by market cap. The filing showed some of the $1 billion would go toward staking rewards and token purchases. Staking can earn regular returns, but only if SOL holds or gains value. Putting such a large stake into one chain carries risks if market prices dip. Withdrawal And Next Steps DeFi Development confirmed that no securities were issued during this process. It said it plans to refile once the controls report is in place. A quick resubmission—perhaps within 30 or 45 days—would signal they were almost ready. Investors will watch whether the company brings in an experienced underwriter or auditor to prevent another slip. Related Reading: TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin Market Reaction Some traders had hoped the influx of a billion dollars in Solana tokens would boost the price. Now that the filing is on hold, those bets may stall. Markets often react when big purchases are delayed. Based on trading patterns, any sudden buy order of hundreds of millions in SOL could swing prices up or down. What Comes Next DeFi Development’s experience highlights that crypto firms must meet the same rules as any other public issuer. Skipping standard checks can derail even the boldest plans. The company’s next move will show how well it can balance its blockchain ambitions with straightforward regulatory steps. For now, the token-buy plan waits in limbo, and everyone from investors to developers will be watching the next filing. Featured image from Reuters, chart from TradingView
Ethereum Price Spikes as Lightchain AI Bonus Stage Nears Its End
This content is provided by a sponsor. Ethereum has been making headlines over the past week with a significant price surge, breaking out of consolidation and challenging key resistance levels. The cryptocurrency’s performance has invigorated the market, and it seems the excitement isn’t just about Ethereum itself. The nearing end of Lightchain AI’s presale bonus […]
Trump at Coinbase Summit: ‘I’m the First Crypto President’
On Thursday, U.S. President Donald Trump addressed the Coinbase State of Crypto Summit, showcasing his sweeping federal initiatives to support digital assets and positioning the United States as a global leader in cryptocurrency. Trump Promises Clear Frameworks for U.S. Crypto Leadership At the Coinbase State of Crypto Summit, President Trump declared himself the “first crypto […]
Bitcoin War: Michael Saylor Dares JPMorgan And Warren Buffett To Bring It On
Michael Saylor doesn’t seem bothered about other big companies joining the Bitcoin bandwagon. Speaking on Bloomberg Crypto alongside Matt Meilier and Katie Greifeld, the MicroStrategy (rebranded to Strategy) executive chairman made it clear that he’s not losing sleep over JPMorgan or Warren Buffett. In fact, he sounded ready for them. Saylor’s confidence hasn’t changed. His […]