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27 May 2026, 23:10

Trump Blames Gensler for Crypto Exodus, Pledges Legislative Shield for Industry

BitcoinWorld Trump Blames Gensler for Crypto Exodus, Pledges Legislative Shield for Industry U.S. President Donald Trump has publicly blamed former Securities and Exchange Commission (SEC) Chairman Gary Gensler for driving cryptocurrency innovation overseas, vowing to enact permanent protections for the digital asset industry. In a post on his social media platform Truth Social, Trump accused Gensler and what he described as an “anti-crypto army” of attempting to destroy the domestic crypto sector by pushing Bitcoin, perpetual futures products, and emerging blockchain technology abroad. Trump’s Pro-Crypto Pledge Trump claimed that under his leadership, the United States has reclaimed its status as the world’s crypto capital, adding that developers and entrepreneurs who previously left the country are now returning. He pledged to introduce legislation that would codify the crypto market structure, making it “irreversible” for regulatory opponents to reverse. “A new frontier of finance is being created in the United States,” Trump stated, emphasizing, “‘TRUMP’ will NEVER let Crypto down.” Context and Implications The remarks come amid a broader political realignment on cryptocurrency in Washington. Under Gensler’s tenure, the SEC pursued aggressive enforcement actions against major crypto firms, including Coinbase and Binance, arguing that many digital assets qualify as securities. Critics claimed this regulatory uncertainty stifled innovation and drove companies to friendlier jurisdictions like Singapore, Dubai, and the European Union. Trump’s latest statements signal a sharp reversal from that approach, aligning his administration with industry calls for clearer, more accommodating rules. What This Means for the Crypto Industry If enacted, Trump’s proposed legislation could provide legal clarity on whether cryptocurrencies are securities or commodities, potentially reducing the SEC’s enforcement reach. This would likely boost investor confidence and encourage domestic innovation in decentralized finance (DeFi) and tokenized assets. However, consumer protection advocates warn that overly permissive rules could increase fraud and market manipulation risks. The exact details of the proposed legislation remain unclear, and it will require bipartisan support in Congress to become law. Conclusion Trump’s latest attack on Gensler and his pro-crypto promises underscore a major policy shift that could reshape the U.S. digital asset landscape. While the rhetoric energizes industry supporters, the practical impact depends on the specifics of forthcoming legislation and its reception in a divided Congress. For now, the crypto market is watching closely as the administration moves to define its regulatory legacy. FAQs Q1: What did Trump accuse Gary Gensler of? Trump accused former SEC Chair Gary Gensler of driving the U.S. crypto industry overseas through aggressive enforcement and regulatory hostility, pushing Bitcoin and related technologies to foreign markets. Q2: What legislation is Trump proposing? Trump pledged to introduce laws that would codify the crypto market structure, providing clear legal definitions for digital assets and making it harder for future regulators to reverse pro-crypto policies. Q3: How does this affect the current regulatory environment? If passed, the legislation could limit the SEC’s authority over cryptocurrencies, potentially reducing enforcement actions and encouraging domestic innovation, though it may also raise concerns about investor protections. This post Trump Blames Gensler for Crypto Exodus, Pledges Legislative Shield for Industry first appeared on BitcoinWorld .

27 May 2026, 22:55

Nasdaq-Listed BNBPlus Raises $4.1M to Expand BNB Treasury Reserves

BitcoinWorld Nasdaq-Listed BNBPlus Raises $4.1M to Expand BNB Treasury Reserves BNBPlus (BNBX), a Nasdaq-listed company pursuing a strategic accumulation of BNB tokens, announced on May 27 that it has secured $4.1 million through an issuance of convertible preferred stock. The funding round included participation from digital asset institutional investors Comstock Multichain Fund and Off The Chain LP, signaling continued institutional interest in publicly traded vehicles with direct cryptocurrency exposure. Strategic Capital Raise Details The company stated in a press release that proceeds from the convertible preferred stock issuance will be allocated toward expanding its digital asset reserves and providing working capital for ongoing strategic reviews. BNBPlus has positioned itself as one of the few Nasdaq-listed entities with a treasury strategy explicitly centered on BNB, the native token of the BNB Chain ecosystem. This latest raise comes as the company continues to build its balance sheet around the token, a move that differentiates it from other publicly traded crypto-focused firms that often hold diversified portfolios of Bitcoin and Ethereum. Institutional Participation Signals Confidence The involvement of Comstock Multichain Fund and Off The Chain LP in the financing round adds a layer of institutional validation. Comstock Multichain Fund is known for its multi-chain investment approach, while Off The Chain LP has a track record of backing blockchain infrastructure and digital asset strategies. Their participation suggests that sophisticated investors see value in BNBPlus’s focused accumulation model, particularly as BNB continues to play a central role in the BNB Chain’s DeFi and Layer-2 scaling ecosystems. Market Implications and Context BNBPlus’s approach mirrors a broader trend among publicly traded companies adopting bitcoin treasury strategies, but with a distinct focus on BNB. The move could appeal to investors seeking indirect exposure to the BNB ecosystem without directly holding the token. However, it also concentrates risk on a single asset’s performance. The company’s ability to raise capital through convertible preferred stock — a hybrid instrument that can later convert to equity — provides flexibility without immediate dilution of common shares. This structure is often used by growth-stage firms to attract institutional capital while managing near-term balance sheet impact. Conclusion The $4.1 million raise positions BNBPlus to further execute its BNB accumulation strategy, while the involvement of established crypto funds underscores the growing intersection between traditional public markets and digital asset treasury management. As the company continues its strategic review, market observers will watch for further disclosures on reserve growth and potential shifts in corporate structure. FAQs Q1: What is BNBPlus (BNBX)? BNBPlus is a Nasdaq-listed company that focuses on accumulating and holding BNB tokens as a core part of its corporate treasury strategy, making it a publicly traded vehicle for indirect exposure to the BNB ecosystem. Q2: How does the convertible preferred stock work in this raise? Convertible preferred stock allows investors to receive preferred dividends and, under certain conditions, convert their shares into common equity. This structure helps companies raise capital without immediately diluting existing common shareholders. Q3: Why is this raise significant for the crypto market? It demonstrates continued institutional appetite for publicly traded companies with focused crypto treasury strategies, and it highlights BNB’s growing role as a reserve asset beyond its utility within the BNB Chain ecosystem. This post Nasdaq-Listed BNBPlus Raises $4.1M to Expand BNB Treasury Reserves first appeared on BitcoinWorld .

27 May 2026, 21:02

Pundit to XRP Holders: Big Things Will Come. We Are Still Early. Here’s Why

SEC Chair Paul Atkins recently sat down with Maria Bartiromo to discuss tokenization, blockchain settlement, and the future of U.S. markets. Crypto commentator Lord XRP (@Bitforcoinz) shared the video with the XRP army, telling them that “big things will come, and we are still early.” Atkins Speaks On Tokenization Atkins described tokenization as the use of smart contracts or tokens on a blockchain to represent underlying securities. He noted that putting assets on-chain creates transparency that the current system lacks. Today, companies often do not know who their shareholders are or where shares reside, and tokenization changes that. The settlement benefits are significant. Atkins pointed to the possibility of moving from T+1 settlement to T+0, meaning trades could clear on the same day they execute. He explained that the gap between trade execution and final settlement is where risk enters the system. On-chain delivery versus payment eliminates that gap. BIG THINGS WILL COME! WE ARE STILL EARLY pic.twitter.com/R7hTblDtEX — Lord XRP (@Bitforcoinz) May 26, 2026 The SEC Has Changed Direction Atkins was direct about the agency’s recent posture. He acknowledged that the SEC had actively blocked marketplace innovation as it emerged. That position is now reversed. He stated that only two countries in the world had been working to make cryptocurrencies illegal in recent years: communist China and the U.S., through the SEC. He confirmed that it has changed. The agency is now actively embracing digital asset technology to keep the U.S. competitive globally. This is a significant policy shift. The SEC under previous leadership pursued aggressive enforcement against crypto firms and projects. Atkins is steering the agency toward engagement instead. Why XRP Is Positioned for Growth XRP exists precisely for the use case Atkins described. Ripple built XRP to serve as a bridge asset for cross-border payments and institutional settlement. The token enables fast, low-cost transfers between financial institutions, settling transactions in seconds. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 As banks and brokers move toward tokenized systems, demand for assets that can facilitate real-time settlement grows. XRP fits that infrastructure. Ripple has spent years building partnerships with financial institutions across dozens of countries. Those relationships become more valuable as the regulatory environment clears. The Opportunity Ahead Atkins told Bartiromo that the shift toward tokenization could happen within a few years. That timeline puts XRP in focus. A regulatory framework that supports tokenization and on-chain settlement is the environment where XRP was designed to operate. The infrastructure is being built, and regulation is aligning. The SEC chair is on record saying the U.S. must lead in this space, and Lord XRP believes big things are coming for XRP. Given what Atkins outlined, that assessment holds up. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Pundit to XRP Holders: Big Things Will Come. We Are Still Early. Here’s Why appeared first on Times Tabloid .

27 May 2026, 20:45

Anonymous Plaintiff Sues to Claim 3.8 Million BTC

A New York man and two corporate entities have filed an unprecedented lawsuit in the Supreme Court of the State of New York against 39,069 dormant digital wallets, seeking a formal judicial declaration establishing them as the legal owners of millions of.

27 May 2026, 20:00

Ripple Turns Up Pressure On SEC Over Crypto Rules

Ripple has submitted a follow-up response to the SEC Crypto Task Force seeking clearer treatment for payment stablecoins, crypto asset non-securities and tokenized securities under broker-dealer rules. The letter, dated May 22, 2026 and shared by BankXRP on X, points to a broader push for regulatory clarity around collateral treatment, custody requirements and whether on-chain records can serve as the authoritative legal registry for tokenized assets. The document is addressed to the SEC Crypto Task Force at the US Securities and Exchange Commission and is marked as a follow-up to a prior Ripple meeting with the task force. According to the letter, Ripple met with the group on March 20, 2026 to discuss “the treatment of payment stablecoins and tokenized securities under the net capital and customer protection rules, and potential next steps for broader guidance.” “We are submitting this response as a follow-up to several questions raised in our meeting,” Ripple wrote in the visible portion of the letter. “The enclosed sections outline our rationale and suggestions for the Task Force to provide clarity to the issues at hand. The response addresses the following:” JUST IN: Ripple officially submitted a follow-up letter to the SEC Crypto Task Force on May 22, 2026 Here’s what they’re demanding: Stablecoins treated as proper collateral RLUSD haircut reduced to 0% XRP & other non-securities get same treatment as BTC & ETH … https://t.co/9DTmsGUz4f pic.twitter.com/MgERkvxr0O — 𝗕𝗮𝗻𝗸XRP (@BankXRP) May 27, 2026 What Ripple Is Requesting From The SEC The first issue raised is the treatment of stablecoins as collateral. Ripple’s letter calls for Rule 15c3-1 to be amended to clarify how stablecoins can be applied on broker-dealer balance sheets. That rule sits at the center of net capital requirements, making the treatment of stablecoin collateral a practical issue for regulated intermediaries that want to handle tokenized instruments without facing capital treatment that makes the activity uneconomic. Ripple also asks the SEC to clarify requirements for custodying clients’ stablecoins. The company proposes amending Rule 15c3-3, the customer protection rule, to define a new category called “Qualified Payment Stablecoins.” The framing suggests Ripple is seeking a clearer regulatory box for stablecoins used in payments and settlement, rather than forcing them into legacy categories that may not reflect how these assets function in crypto market structure. Another major point concerns crypto asset non-securities beyond Bitcoin and Ethereum. The letter asks the SEC to clarify that “crypto asset non-securities aside from BTC and ETH can receive equivalent treatment,” citing the agency’s recently released guidance on the application of securities laws to crypto assets. Ripple specifically proposes revising Question 4 in the SEC’s FAQ relating to crypto asset activities to account for any non-securities that meet the “readily marketable” definition. That language matters because it pushes against a narrow regulatory framework in which only BTC and ETH are treated as clearly eligible for certain forms of favorable or workable treatment. While the visible page does not name XRP directly in that section, the implication is significant for assets that issuers, exchanges or broker-dealers may argue are non-securities and sufficiently liquid to be treated similarly under capital and customer protection analysis. The letter also challenges the SEC’s treatment of stablecoin haircuts. Ripple says it is providing analysis showing that a 2% haircut for stablecoins “remains punitive,” and argues that “Stablecoins should have a 0% haircut” when there is a mint-burn relationship between the broker-dealer and issuer. For firms operating in tokenized settlement, that distinction could affect whether stablecoins are usable at scale as collateral or treated as carrying a capital cost that limits adoption. The final issue listed in the letter goes to tokenized asset ownership. Ripple asks the SEC to clarify whether an off-chain or on-chain registry takes precedence in determining ownership and legally enforceable rights. Its proposed answer is direct: “Designate the on-chain registry as the single authoritative legal register,” which Ripple says would eliminate “dual-registry ambiguity” in digital twin structures. BankXRP framed the submission more aggressively, saying Ripple was demanding stablecoins be treated as proper collateral, RLUSD receive a 0% haircut, XRP and other non-securities get the same treatment as BTC and ETH, and on-chain registries be recognized as the only legal record. “Ripple isn’t asking anymore. They’re telling,” the XRP community account wrote. At press time, XRP traded at $1.3299.

27 May 2026, 19:45

Polymarket intensifies VPN crackdown, introduces voluntary ID checks amid legal scrutiny

BitcoinWorld Polymarket intensifies VPN crackdown, introduces voluntary ID checks amid legal scrutiny Prediction market platform Polymarket has escalated its enforcement against users accessing the service through virtual private networks (VPNs), according to a report from The Information. The company has also blocked a number of accounts flagged as suspicious. In a parallel move, Polymarket has introduced an optional feature allowing users to voluntarily submit identity verification documents. Background and regulatory context Polymarket, a decentralized prediction market built on the Polygon blockchain, allows users to bet on the outcomes of real-world events—ranging from election results to sports matches. The platform has faced increasing scrutiny from U.S. regulators, particularly over potential violations of sanctions and anti-money laundering (AML) laws. The Commodity Futures Trading Commission (CFTC) has previously taken action against prediction markets operating without proper registration, and Polymarket settled with the CFTC in 2022 for $1.4 million over unregistered trading. The tightening of VPN enforcement suggests the platform is proactively addressing concerns that users from sanctioned jurisdictions—such as Iran, North Korea, or Syria—may be bypassing geographic restrictions. VPNs are commonly used to mask a user’s location, making it difficult for platforms to enforce jurisdiction-based bans. Details of the enforcement measures According to The Information, Polymarket has deployed advanced detection methods to identify and block VPN traffic. Accounts exhibiting patterns consistent with VPN usage or other suspicious behavior have been suspended or restricted. The company has not publicly disclosed the exact number of accounts affected or the specific detection techniques used. The new voluntary ID verification option allows users to submit government-issued identification documents. While not mandatory, this feature could serve as a trust signal for remaining users and potentially reduce the risk of fraudulent activity. It may also position Polymarket more favorably in ongoing discussions with regulators. Implications for users and the market For users who rely on VPNs for privacy or to access Polymarket from restricted regions, the crackdown may significantly limit their ability to participate. The voluntary ID verification, while optional, may create a two-tier system where verified users enjoy higher trust or access privileges in the future. This could influence user behavior and platform liquidity. From a market perspective, Polymarket’s actions reflect a broader trend among crypto platforms moving toward compliance. Similar enforcement has been seen at centralized exchanges like Binance and Coinbase, which have tightened KYC (Know Your Customer) and geographic restrictions in response to regulatory pressure. Conclusion Polymarket’s simultaneous enforcement against VPN usage and introduction of optional ID verification represent a strategic effort to mitigate legal risks while maintaining user trust. As regulatory attention on prediction markets and decentralized finance continues to grow, these measures may become standard across the industry. Users should expect further compliance-driven changes as the platform navigates an increasingly complex legal landscape. FAQs Q1: Why is Polymarket blocking VPN users? A: Polymarket is likely enforcing geographic restrictions to comply with U.S. sanctions and AML regulations. VPNs can be used to bypass these restrictions, creating legal exposure for the platform. Q2: Is ID verification mandatory on Polymarket now? A: No. The ID verification feature is currently voluntary and optional. Users can choose whether to submit identity documents, though the platform may incentivize verification in the future. Q3: What happens if my account is flagged as suspicious? A: Polymarket may block or restrict accounts that exhibit suspicious behavior, such as consistent VPN usage. Affected users may need to contact support to resolve the issue, though the company has not detailed a formal appeals process. This post Polymarket intensifies VPN crackdown, introduces voluntary ID checks amid legal scrutiny first appeared on BitcoinWorld .