CFTC Chairman Michael Selig at the FIA conference supported blockchain-based prediction markets, calling them "truth machines" that can improve transparency and accountability. He believes these markets are more reliable than traditional polls and will provide clearer event contract rules.

CFTC Chairman Michael Selig stated that blockchain-based prediction markets can enhance price discovery and information transparency, becoming a powerful "truth machine." Using the 2024 U.S. presidential election as an example, he emphasized that market pricing accurately reflects election outcomes. The CFTC will introduce new regulations to guide compliant trading of event contracts.

Gate News bot message, Trump posted on the Truth Social platform: "THE GENIUS ACT IS THREATENED BY BANKS, UNDERMINING OUR CRYPTO AGENDA. WE MUST PROTECT THIS INDUSTRY FOR AMERICANS." The statement points out that the Genius Act is under threat from banks and states that this is undermining the cryptocurrency agenda, emphasizing the need to protect the cryptocurrency industry for Americans. Source: Truth Social.

Trump Media & Technology Group is in talks to spin off its Truth Social platform into an independent publicly traded company, planning to merge with Texas Ventures Acquisition III. The spin-off will separate the media and energy businesses to allow each to focus on development. Despite facing losses, the company's financial assets have grown significantly, and it holds a large amount of Bitcoin in the cryptocurrency sector, while also applying for multiple ETFs. Analysts are monitoring the progress of the spin-off and the potential ETF approvals to assess future market opportunities.

Trump Media & Technology Group is considering spinning off its social platform Truth Social into a publicly traded company, which could help achieve its cryptocurrency development goals. The company is in discussions with startup TAE Technologies and Texas Ventures Acquisition III about a merger, with a new company called SpinCo expected to be formed.

Trump Media & Technology Group is considering spinning off its social media platform "Truth Social" and other assets to establish a new publicly listed company and merge with TAE Corporation. The spin-off aims to separate social media business from nuclear fusion investments to better capitalize on market opportunities brought by artificial intelligence. No final agreement has been reached yet.