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President Donald Trump will use a White House event on Wednesday to spotlight his administration’s efforts against foreign criminal networks that lure Americans into fraudulent crypto investments, a White House official told Reuters. His own family, meanwhile, is heavily involved in soliciting crypto investments. Cabinet Officials Set to Attend Scam Event Cybercrime prevention more broadly is the theme of the session, and the president and members of his cabinet are expected to point to the government’s seizure of fraudulent crypto investment websites, the official explained. Efforts to stop online impersonation scams are also on the agenda. Homeland Security Secretary Markwayne Mullin, FBI Director Kash Patel, Defense Secretary Pete Hegseth and Attorney General Todd Blanche are expected to attend, the official added. According to an FBI report, Americans filed more than a million complaints about internet scams last year, a 17% increase from 2024. The same report noted that Americans who filed complaints reported the highest losses. Trump’s family has gotten heavily tied to crypto, with the president’s annual financial disclosure showing that most of the $2.2 billion he made last year came from digital currencies. This includes about $600 million from World Liberty Financial (WLFI) and $636 million more from the sale of Trump-branded meme coins. The president defended the earnings, saying there was nothing illegal or wrong about them, even as critics like political commentator John Oliver accused him of giving investors access to the White House in exchange for them putting money into his crypto businesses. The White House has said neither the president nor his family have engaged or will engage in conflicts of interest. Investor Losses Tied to Family Crypto Venture As CryptoPotato reported earlier, consumer advocacy group Public Citizen estimated that investors in crypto ventures tied to the president and his family are at least $4.7 billion underwater since 2022. Most of those losses remain unrealized, meaning investors still hold the assets and have not sold at a loss. The TRUMP meme coin accounted for an estimated $3.2 billion of that figure, and the token has lost more than 97% of its value since hitting an all-time high of $73 in January 2025, although at the time of writing it had jumped more than 7% in 24 hours to take its price to around $1.82. WLFI investors are at least $1 billion underwater by the same estimate. Senators Elizabeth Warren and Richard Blumenthal asked SEC Chair Paul Atkins in August to investigate the meme coin. They suggested that it may have allowed fraud or unfairly enriched people at the expense of everyday investors. Per Public Citizen’s report, the president continues to own and control his businesses. His stakes, including the meme coin and World Liberty Financial’s two tokens, sit in a revocable trust in which he is the sole donor and beneficiary, and his eldest son is the sole trustee. The post Report: Trump to Address Foreign Crypto Scams at White House Event appeared first on CryptoPotato .
U.S. stablecoin oversight moved forward as the OCC set requirements for token backing and redemptions ahead of January implementation.
USELESS extends its recovery from the $0.125–$0.145 support zone as spot inflows stay positive for two days and open interest reaches $51.6 million.
Stellar is stepping up its quantum-readiness efforts, and the latest Bell upgrade could mark another important milestone in the network’s long-term security strategy. As concerns grow over the potential threat quantum computing poses to blockchain technology, Stellar’s push to prepare for the next generation of computing could strengthen its appeal as a forward-looking blockchain ecosystem. But what does this development mean for XLM, and could it become a long-term bullish catalyst for the cryptocurrency’s price? Stellar’s Quantum Game Plan Is Taking Shape In a recent X post , Stellar outlined the goals of its upcoming Bell Protocol upgrade, highlighting plans to support business-ready smart accounts at scale, begin work on quantum-safe signatures, and improve ledger performance. The upgrade is expected next month, with November 3 and November 23, 2026, emerging as potential testnet and mainnet activation dates, respectively. If implemented as planned, the upgrade could mark an important step in Stellar’s long-term push to strengthen its infrastructure and prepare for emerging security challenges. Introducing Bell (Protocol 30). Bell is designed to make smart accounts ready for businesses at scale and begin work on quantum-safe signatures and faster ledgers. Testnet upgrade: Nov 3 Mainnet upgrade: Nov 23 Learn more in the upgrade guide https://t.co/vjS0vLy7rT — Stellar | Meridian Oct 28-29 (@StellarOrg) October 20, 2026 Powerful quantum computers could eventually undermine elliptic-curve cryptography, a foundational security technology used by most blockchains and many internet systems. Google has set 2029 as its target for transitioning its systems to quantum-resistant cryptography and has urged the wider industry, including blockchain networks, to prepare for the same deadline. Against this backdrop, Stellar (XLM) is advancing its own quantum-readiness strategy to strengthen long-term security as the technology evolves. In June 2026, Stellar introduced its Quantum Preparedness Plan (QPP), outlining its strategy to transition the network toward quantum-safe cryptography. The initiative reflects Stellar’s efforts to address potential future threats from quantum computing while strengthening the network’s long-term security and resilience. Under Stellar’s quantum roadmap, every account is expected to be able to add a quantum-safe signer through a native protocol upgrade by the end of 2027, without changing its existing address or transaction history. Meanwhile, enterprise wallets could begin adopting quantum-safe signing as early as 2026 through Soroban smart contract accounts, allowing businesses to prepare for emerging quantum threats ahead of the broader network transition. Stellar’s Quantum Readiness Could Become a Major Long-Term Catalyst for XLM Stellar has secured several notable partnerships, including an initiative with the Depository Trust & Clearing Corporation (DTCC) to support integrating and distributing tokenized real-world assets (RWAs). According to DeFiLlama data, Stellar hosts approximately $3 billion in RWA assets, roughly six times the value of its $488 million stablecoin market. Meanwhile, XLM was trading at $0.1839 at the time of writing, up 4.7% on the day as the broader crypto market rebounded. Looking ahead, Stellar’s Quantum Preparedness Plan could further strengthen the network’s long-term appeal by enhancing account security and preparing its infrastructure for potential quantum computing threats. While the upgrade won’t guarantee an immediate price rally, improved security and growing real-world asset adoption could strengthen the long-term bullish case for XLM.
PI’s modest rebound has improved its short-term position, although buyers still face several obstacles before a broader recovery takes shape.
Venice’s usage is growing faster than its holder base. How much demand reaches VVV?