Trump family crypto venture sues Justin Sun over defamation claims

Top news and prices for the major cryptocurrencies.

Trump family crypto venture sues Justin Sun over defamation claims. World Liberty Financial, a crypto project co-founded by US President Donald Trump and his sons, has filed a defamation lawsuit against entrepreneur Justin Sun, intensifying a dispute with one of its most prominent backers, according to a Reuters report on Monday. The company alleges that Sun carried out a public smear campaign by making false claims about the project. It also accuses him of breaching token terms, including transferring assets to the crypto exchange Binance. The legal action follows a separate lawsuit filed by Sun in April, in which he claimed World Liberty unlawfully froze tokens he had purchased. He alleged the firm introduced mechanisms to restrict sales after the tokens became tradeable in September 2025.

White House targets 4 July for landmark US crypto bill. The White House is aiming to have major US crypto legislation passed by 4 July, according to Patrick Witt, the administration’s top adviser on digital assets, as noted by CoinDesk on Wednesday. Speaking at the Consensus conference in Miami, Witt said he expects the Senate to advance the bill in June, potentially giving lawmakers enough time to reconcile it with the House version and send it to the president before the deadline. The proposed legislation would establish a federal framework for the crypto industry, including clearer divisions of oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. One of the main obstacles in Senate negotiations has been the treatment of stablecoin rewards, though lawmakers recently introduced compromise language aimed at resolving the issue.

SEC delays launch of prediction market ETFs for further review. The SEC has postponed the debut of a group of prediction market exchange-traded funds that were due to launch this week, as regulators take a closer look at their structure and potential risks, according to a Reuters report on Monday. The delay affects 24 proposed ETFs from issuers including Bitwise, Roundhill and GraniteShares. The products had been approaching the end of a 75-day review period that would have allowed them to move forward under the SEC’s fast-track approval framework. The funds are designed to offer exposure to specific outcomes, such as the result of the 2028 US election, trends in technology sector layoffs and the probability of a recession.

CME unveils new Bitcoin volatility futures contracts. On Tuesday, CME Group announced plans to introduce cash-settled Bitcoin volatility futures, expanding its suite of crypto derivatives products. The contracts, expected to launch on June 1 subject to regulatory approval, will allow traders to gain exposure to Bitcoin’s volatility without taking a direct position on its price. The new instruments will be tied to the CME CF Bitcoin Volatility Index, which measures 30-day implied volatility using data from regulated Bitcoin options markets. CME said the product is designed to meet growing demand for tools that enable investors to hedge risk and manage exposure during periods of market uncertainty.

Germany considers tougher crypto tax rules from 2027. Germany is considering changes to its crypto tax regime from 2027 that could remove a key exemption benefiting long-term Bitcoin and cryptocurrency holders. Finance Minister Lars Klingbeil said the government plans to tax cryptocurrencies differently as part of broader efforts to raise revenue and strengthen enforcement against financial crime. Under current rules, private crypto gains in Germany are generally tax-free if assets are held for more than one year, making the country one of Europe’s more favorable jurisdictions for long-term investors. The proposed changes could put that exemption at risk, though officials have not yet outlined specific reforms. The government expects tougher crypto taxation measures to generate around €2 billion in additional revenue.

Best performing crypto in the top 10 over the last week: TRON (+6.9%)

Best performing crypto in the top 100 over the last week: Toncoin (+107.6%)

As of May 8, 2026, 08:35 CET

The market's volume has reached $103.153 billion over the past 24 hours.

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