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Top House Democrats are pressing the Treasury Department to release all suspicious activity reports related to Donald Trump’s crypto ventures, Elon Musk’s America PAC, the GOP fundraising platform WinRed, and several alleged scam PACs. The May 14 letter , signed by Reps. Gerald Connolly, Joe Morelle, and Jamie Raskin, cites possible campaign finance violations, foreign influence, securities fraud, and deceptive fundraising targeting vulnerable Americans. The lawmakers are particularly focused on Trump’s crypto company, World Liberty Financial , which launched in late 2024. WLF’s non-transferable tokens, critics say, offer no real value and have drawn scrutiny for receiving $75 million in funding from Justin Sun, a Chinese-born entrepreneur facing SEC charges at the time. Shortly after Sun’s investment, the SEC paused its case. WLF has since announced the USD1 stablecoin, tied to a $2 billion deal involving a UAE-backed fund and Binance. The investigation also targets the $TRUMP ( TRUMP ) memecoin, launched just before Trump’s inauguration. Entities linked to Trump reportedly hold 80% of the token supply and have earned $100 million in trading fees. With no public records of coin buyers and the SEC ruling meme coins fall outside its jurisdiction, Democrats warn of risks of undisclosed foreign actors influencing Trump through crypto. Musk’s America PAC is also under scrutiny for allegedly leveraging financial backing to gain Trump’s political favor, including turning the White House South Lawn into a Tesla showroom. Meanwhile, WinRed and two scam PACs are being investigated for deceptive practices, including tricking elderly donors and using Trump’s voice in robocalls to raise funds. The lawmakers say the probe will help determine if new legislation is needed to prevent fraud and preserve election integrity.

BREAKING NEWS 🚨: Major League Baseball reinstates Pete Rose and Shoeless Joe Jackson making them eligible for the Hall of Fame

Masu yin kasuwa masu sarrafa kansu sune nau'in DEX da aka fi amfani da su yayin da suke ba da damar samar da ruwa nan take, samun damar dimokraɗiyya don samar da ruwa, da kuma -a yawancin lokuta — ƙirƙirar kasuwa mara izini ga kowace alama. AMM shine ainihin mutummutumi na kuɗi wanda koyaushe yana shirye ya faɗi farashin tsakanin kadarorin biyu (ko fiye). Maimakon littafin oda, AMM yana amfani da tafkin ruwa wanda masu amfani za su iya musanya alamun su, tare da ƙimar da aka ƙayyade ta algorithm dangane da adadin alamu a cikin tafkin. Tun da koyaushe suna iya faɗin farashi ga mai amfani, AMMs suna ba da damar samun damar shiga kasuwa nan take a kasuwanni wanda in ba haka ba na iya samun ƙarancin ruwa. A cikin yanayin littafin oda DEX, mai siye mai son ya jira odar su don dacewa da odar mai siyarwa-ko da mai siye ya sanya odar su zuwa “saman” littafin oda kusa da farashin na yanzu, odar ba zata taɓa aiwatarwa ba. A cikin yanayin AMM, an ƙayyade ƙimar musayar ta hanyar kwangila mai wayo. Masu amfani za su iya samun damar shiga cikin ruwa nan take, yayin da masu samar da ruwa (masu ajiya a cikin tafkin ruwa na AMM) za su iya samun kudin shiga ta hanyar kudaden ciniki. Wannan haɗin kai tsaye da samun damar dimokuradiyya don samar da ruwa ya ba da damar fashewar sabbin alamomin da ake ƙaddamar da su ta hanyar AMMs da buɗe sabbin ƙira waɗanda ke mai da hankali kan lamuran amfani daban-daban, kamar musanyawa na stablecoin. Idan kuna son ƙarin cikakken bincike na AMMs, karanta wannan post ɗin wanda ke rufe yadda AMMs ke aiki. Duk da yake yawancin ƙirar AMM na yanzu suna hulɗa da cryptocurrencies, AMMs kuma za a iya amfani da su don sauƙaƙe musanyawa na NFTs, alamar kadarorin duniya na gaske, ƙimar carbon, da ƙari mai yawa. Wasu shahararrun AMM DEXs sun haɗa da Bancor, Balancer, Curve, PancakeSwap, Sushiswap, Trader Joe, da Uniswap.

Bitcoin Sinks and Stocks Rise After US, China Scale Back Tariffs Bitcoin touched a four-month high of $105,500 early Monday, but then dipped after the U.S. revealed a partial tariffs pause with China. James Rubin By James Rubin May 12, 2025 3 min read Image: Danielo/Shutterstock Image: Danielo/Shutterstock In brief Bitcoin has dipped in recent hours after touching $105,500, its highest price since January. The U.S. and China announced Monday that they were cutting their tariffs on one another. Ethereum and Dogecoin have spiked in recent days, leading the altcoin rebound. Bitcoin and major altcoins surged early Monday, but then dipped after the U.S. and China announced that they were scaling back the Draconian tariffs on one another that have been weighing on investors for weeks. The largest cryptocurrency by market capitalization was recently trading at about $102,600, down 1.5% over the past 24 hours, according to crypto data provider CoinGecko. Bitcoin briefly rose above $105,500—for the first time since January—before U.S. markets opened, but then retreated. "Bitcoin's rally above $105,000 this morning appears to be a direct response to the easing of U.S.-China trade tensions," wrote Joe DiPasquale, CEO of crypto fund manager BitBull Capital, in a text to Decrypt. "The announcement of a 90-day tariff truce has injected optimism into global markets."

Frank Bisignano just took the top job at the Social Security Administration, and nearly 73 million people might see changes in how they get their money. Frank, a former finance exec, was confirmed as commissioner this week under Donald Trump’s new term in the White House. The agency’s already gone through a mountain of reforms in the first 100 days of Trump’s return — many driven by the Department of Government Efficiency. Now, with Frank in charge, those changes are going even faster. According to CNBC, adjustments are already affecting pensions, overpayment rules, phone wait times, and direct deposit setups. From the way checks are calculated to how the agency handles mistakes, Trump’s government is pressing harder on enforcement and automation. A new law that kicked in this January is giving almost 3 million people a raise in their Social Security checks. The Social Security Fairness Act targets workers who used to get hit by the Windfall Elimination Provision and the Government Pension Offset — two rules that cut down benefits for folks with jobs that didn’t pay into Social Security. That includes teachers, cops, firefighters, federal employees under the Civil Service Retirement System, and workers under foreign pension plans. Under the new law, they’ll now get full Social Security benefits. Monthly increases started going out in February and could be small for some, but others will see over $1,000 more every month. And it’s not just future checks getting bumped. The agency is also sending retroactive payments all the way back to January 2024. In just over three months, Social Security has already paid $14.8 billion in back pay to more than 2.2 million people. The catch? Not everyone’s getting their check right away. Some cases need manual processing, and the agency says it could take over a year to get those paid. The way Social Security handles overpayments has also changed again. If the government pays someone too much by mistake — which can go unnoticed for months or even years — it eventually sends a letter demanding the money back. Under Joe Biden, the default repayment rate was lowered to 10% of a person’s monthly benefit, or $10, whichever was higher. That was meant to ease the burden. Under Trump, the agency announced in March that it planned to bring the rate back up to 100%, meaning someone could lose their entire check until the debt was cleared. The move was supposed to recover about $7 billion over the next ten years. But after complaints, the agency adjusted the plan. Starting April 25, the default withholding rate for new overpayment letters is now 50% for retirement, survivor, and disability benefits. For SSI, the rate stays at 10%. That’s still too much for some. Richard Fiesta, head of the Alliance for Retired Americans, told CNBC, “Losing 50% [of benefits] for a lot of people could put them into immediate economic hardship.” And that’s not the only reason a check can shrink. On May 5, the federal government restarted collection efforts for defaulted student loans. That means the Education Department can now use the Treasury Department Offset Program to grab Social Security benefits, tax refunds, and even paychecks to cover unpaid loans. Some people could see those deductions as early as June. The agency can also withhold checks for unpaid child support, alimony, restitution, and tax debt, depending on who you owe. Both parties in Congress are complaining. Republicans in the House Ways and Means Committee told Frank these problems aren’t new. But Democrats worry that if nothing gets fixed, more chaos is coming. The agency says it’s working on a new telecom system that should make phone calls easier. The full upgrade is expected to be finished by the end of this summer. Early results show slightly better answer rates, but the problems aren’t gone. KEY Difference Wire helps crypto brands break through and dominate headlines fast