Here are some of the projected scenarios involving BTC, XRP, and SHIB.

While Bitcoin (BTC) has slightly rebounded in the past several days, it might be gearing up for a renewed downtrend.

Ripple’s XRP may also experience another substantial pullback, while Shiba Inu (SHIB) can rally, but under one vital condition.

Crash to $10K Comes Next?

Bitcoin’s overall condition remains quite bearish, which gives crypto critics the opportunity to envision further declines in the near future. The popular economist Peter Schiff (who is an outspoken opponent of the digital asset industry and a proponent of gold) predicted a collapse to $20,000 should BTC break below $50,000.

“I know Bitcoin has done that before, but never with so much hype, leverage, institutional ownership, and market cap at stake. Sell Bitcoin now,” his advice reads.

The X user Chiefy, along with Bloomberg’s strategist Mike McGlone, also presented pessimistic forecasts. The former envisioned a short-term plunge to as low as $29,000, while the latter suggested BTC could plummet to $10,000.

For his part, Ali Martinez recently spotted the formation of an “Adam & Eve” pattern on the asset’s price chart, where a break above $71,500 could trigger a jump to $79,000. Michael van de Poppe also chipped in, foreseeing “a big move on the horizon.”

Unable to predict the exact direction, the analyst stated he would accumulate on a downturn and realize some profits should BTC reach $80,000-$85,000.

What Now for XRP?

Ripple’s cross-border token surged to $1.66 late last week, but the rally quickly faded, with the price retreating to the current $1.41 (per CoinGecko’s data). Some analysts warned the move could signal a deeper pullback ahead.

You may also like:

Ali Martinez described the 2-week candle as a graveston doji, reminding that the last time this formation appeared on the chart, XRP’s valuation fell by 46%. For their part, Crypto Tony identified a potential retest of $1.52 as the “perfect” scenario before a new downtrend.

Despite the grim predictions, XRP continues to draw strong interest. Earlier this week, Rayhaneh Sharif-Askary (Head of Product & Research at Grayscale) revealed that advisors at the digital asset manager are “constantly asked” by clients about the token. She also noted that, in some cases, it ranks as the second most discussed asset after BTC.

SHIB Pump Incoming?

While Shiba Inu remains the second-biggest meme coin (trailing only behind Dogecoin), its price has been on a steep decline in the past months. As of this writing, it is worth around $0.000006264, representing a 60% collapse on a yearly scale.

According to Martinez, though, the asset could restore some of its former glory if it manages to flip the $0.0000067 resistance level into support. Should that happen, SHIB might explode by 50% to approximately $0.0000099, he predicted.

It is important to note that fading interest from traders and investors, along with Shibarium’s stalled progress, doesn’t support the bullish scenario. The security of Shiba Inu’s layer-2 scaling solution was breached in September last year, and it has been coping with issues ever since. Prior to the incident, daily transactions processed on the protocol were in the millions, while lately the figure has dropped to mere hundreds and thousands.

Draft rules from the White House suggest daily fines could stack fast, signaling regulators want zero loopholes in stablecoin reward designs.

The White House is advancing strict regulatory measures that would prohibit offering yield or interest on payment stablecoins.

Proposed enforcement provisions include civil penalties of $500,000 per violation, aimed at preventing firms from structuring products that resemble yield farming on stablecoin balances.

Stablecoin Yield Bank Proposal

Details from the administration’s third ongoing meeting with crypto industry leaders and banking representatives were shared by journalist Eleanor Terrett via social media.

She reported that the latest session was smaller than the previous week’s and included representatives from Coinbase, Ripple, and a16z, along with trade groups such as the Blockchain Association and the Crypto Council. However, no individual bank representatives attended, with the sector instead represented through trade associations.

During the meeting, White House Crypto Council Executive Director Patrick Witt presented draft text that became the main focus. The language acknowledged concerns raised by financial institutions in last week’s “Yield and Interest Prohibitions Principles” document while clarifying that any restrictions on rewards would be narrow in scope.

Under the current direction, earning yield on idle stablecoin balances appears to be off the table, with discussions now centered on whether firms can offer rewards tied to certain user activities.

One crypto-side attendee told Terrett that bank concerns appear to be driven more by competitive pressure than by deposit risk. A bank-side source shared that trade groups are still pushing to include a deposit outflow study in the proposal to examine how the growth of payment stablecoins could affect these transactions.

You may also like:

The same individual added that the proposed anti-evasion language would give enforcement authority to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This provision includes civil penalties of $500,000 per violation per day for firms that attempt to bypass restrictions on paying yield on idle balances.

Discussions Continue as Industry Looks for Compromise

The crypto journalist said that public statements from attendees are once again being described as “productive” and “constructive.” People familiar with the matter noted that there was a noticeable difference in this round of talks, with the White House taking the lead in guiding the discussion instead of allowing crypto firms and banking trade groups to steer the conversation.

The latest meeting follows two previous ones where officials and industry participants debated whether the digital assets should be allowed to offer yield, the possible effects on bank deposits, and broader concerns about competitiveness and innovation if such limits are introduced.

Bank trade groups are now expected to brief their members on the latest developments and assess whether there is room for compromise on allowing crypto firms to offer stablecoin rewards. One individual also said that an end-of-month timeline for progress appears realistic, with negotiations set to continue in the coming days.

The crypto market pulled back from potential peril on Thursday, with bitcoin BTC$66,874.80 rising 3.9% from a local low of $65,600.

Prices advanced overnight, with bitcoin adding 2% since midnight UTC, solana (SOL) gaining 2.7% and ether (ETH) rising 1.2%.

The broader downtrend, however, remains intact with bitcoin printing a series of lower lows and lower highs to give back all of the gains it made in the 12 months ended October 2025.

In the short term, bitcoin needs to break above $72,000 to confirm a bullish shift from the range-bound price action that has seen it float between support and resistance.

Spot bitcoin ETFs in the U.S. have posted their largest drawdown of this cycle, with 100,300 BTC in withdrawals since October. That equates to around $6.8 billion of extra selling pressure on an already fragile market.

Derivatives positioning:

• Market dynamics are stabilizing. Open interest rose to $15.8 billion, signaling a shift from leverage cleanup toward a firmer floor, and retail sentiment is rebounding, with funding rates flipping flat to positive across all venues and hitting 10% on Bybit and Hyperliquid.
• Institutional conviction remains anchored, with the three-month annualized basis persisting at 3%.
• The BTC options market shows a slight shift in sentiment, with 24-hour volume reaching a 51/49 split in favor of calls.
• While the one-week 25-delta skew has jumped to 17%, the implied volatility (IV) term structure remains in short-term backwardation.
• This persistent front-end spike confirms that traders are still paying a “panic premium” for immediate protection, even as longer-dated tenors stabilize near 49%.
• Coinglass data shows $179 million in 24-hour liquidations, with a 56-44 split between longs and shorts. BTC ($59 million), ETH ($46 million) and others ($16 million) were the leaders in terms of notional liquidations.
• The Binance liquidation heatmap indicates $68,400 as a core liquidation level to monitor in case of a price rise.

Token talk

• Altcoins were perky overnight, lending token MORPHO rose by more than 12% since midnight UTC and AI payment token KITE added 11%, extending its 30-day rally of 153%.
• The rotation was also seen among DeFi tokens such as jupiter (JUP), which jumped by more than 3.6% after hitting its lowest point in seven days on Thursday.
• The CoinDesk Smart Contract Platform Select Index (SCPXC) was the best-performing benchmark over the past 24 hours, posting a gain of 2.25%, closely followed by CoinDesk’s Memecoin Index (CDMEME), up by 2.2% over the same period.
• The bitcoin-dominant CoinDesk 20 (CD20) gained by 1% as crypto majors posted more restrained gains.
• Altcoins typically perform well during periods of consolidation as traders have the freedom to rotate capital into more speculative bets without risking missing a move on the likes of bitcoin, ether and XRP.

Nvidia (NVDA) is one of the most closely watched AI and semiconductor stocks in the market. Investors looking for a NVDA stock forecast for 2026–2030 are assessing whether the company’s leadership in AI chips, data-center GPUs, and accelerated computing can sustain long-term share price growth despite ongoing volatility.

In this article, we review analysts’ Nvidia target prices for 2026–2030, outline the key drivers likely to influence the NVDA stock prediction, and examine the stock’s historical performance.

Advertisement

Forecast Summary

2026

Algorithmic forecasting sources project NVDA trading between $185 and $289 by year-end, while Wall Street analysts are more bullish; Goldman Sachs and Morgan Stanley both target $250, Bank of America and Wedbush $275, and Cantor Fitzgerald holds a Street-high $300. The spread reflects uncertainty around hyperscaler spending sustainability and the Blackwell-to-Vera Rubin platform transition.

2027

Predictions range from around $253 to $491. Those projecting higher assume NVIDIA retains dominant market share as AI investment deepens across enterprise, sovereign, and infrastructure applications.

2028

Estimates span $315 to $750. The widening gap reflects diverging views on competition from AMD and custom hyperscaler chips, and whether the shift from AI training to large-scale inference drives sustained or diminishing demand for NVIDIA hardware.

2029

Forecasts range from $327 to over $1,000. Conservative models anticipate slowing growth as the initial AI buildout matures, while bullish sources factor in expansion into robotics, autonomous driving, and agentic AI workloads.

2030

Long-range projections suggest $392 to almost $1,100. At this horizon, forecasts hinge heavily on whether NVIDIA maintains its estimated 90%+ AI accelerator market share against intensifying competition.

What Factors Could Impact Nvidia’s Stock Price in 2026 to 2030 and Beyond?

NVIDIA is expected to maintain its technological leadership and expand its market presence from 2026 to 2030. Analysts anticipate the company will continue to dominate the AI and data centre sectors, driving robust revenue growth. NVIDIA’s innovative products, particularly its AI chips, are poised to see increasing adoption across various industries, contributing significantly to its revenue streams.

AI and Data Center Dominance

NVIDIA’s leadership in AI and data centre technologies is a key driver of its stock performance. The company’s AI chips are integral to the growth of AI applications across various industries, and its data centre segment continues to see exponential growth. In fiscal 2025, NVIDIA’s data centre revenue reached $115.19 billion – a 142% increase year-on-year – and by Q3 of 2025, the segment had hit a record $51.2 billion in a single quarter, up 66% from the prior year, as enterprises and hyperscalers continue to ramp AI-driven infrastructure.

Revenue and Earnings Growth

NVIDIA’s financial outlook is strong, with projected substantial increases in revenue and earnings. Looking ahead, analysts expect NVIDIA’s revenue to continue climbing sharply. Consensus estimates project 2026’s revenue at around $323 billion, propelled by a $500 billion order backlog for its leading Blackwell and Rubin chips. This growth is expected to be driven by the continued demand for AI solutions and the expansion of NVIDIA’s data centre capabilities.

Emerging Markets

NVIDIA’s expansion into emerging markets such as autonomous driving, Internet of Things (IoT), and blockchain technology is expected to drive significant growth from 2026 to 2030.

Autonomous Driving

NVIDIA’s DRIVE platform is becoming a cornerstone for autonomous vehicle development. Major automotive manufacturers are incorporating NVIDIA’s AI technology to enhance vehicle safety and efficiency. The autonomous vehicle market is projected to grow substantially, and NVIDIA’s technology will be integral to this growth, providing substantial revenue opportunities.

Internet of Things (IoT)

NVIDIA is also making strides in the IoT sector, where its edge computing solutions enable real-time data processing for various applications. The proliferation of IoT devices across industries such as healthcare, manufacturing, and smart cities will drive demand for NVIDIA’s powerful GPUs and AI solutions, contributing to long-term revenue growth.

Blockchain and Cryptocurrencies*

While blockchain and cryptocurrency* markets can be volatile, NVIDIA’s GPUs are crucial for mining operations. The company’s products are highly sought after for their efficiency and performance in processing complex algorithms. As the blockchain industry evolves, NVIDIA’s technology will continue to play a vital role, offering another revenue stream.

Strategic Acquisitions and Partnerships

Analysts also highlight NVIDIA’s potential for strategic acquisitions and partnerships as a growth catalyst. The company’s strong free cash flow provides the financial flexibility to pursue acquisitions that can strengthen its technological capabilities and market reach. This strategic approach is anticipated to support long-term growth and sustain its competitive edge​.

Market Challenges and Competitive Landscape

While NVIDIA’s outlook is positive, the company faces challenges from competitors such as AMD, Intel, and emerging startups. Maintaining its technological edge and market leadership will require continuous innovation and effective execution of strategic initiatives. NVIDIA’s proprietary technologies, like the Cuda programming language, provide a competitive advantage, but competitors are also advancing rapidly, which will require NVIDIA to stay ahead in the innovation curve.

Analytical NVIDIA Stock Price Forecasts for 2026 to 2030 and Beyond

In a February 2026 research note, Goldman Sachs maintained a Buy rating on NVIDIA with a $250 price target, projecting 2027 revenue of $382.9 billion and earnings per share of $8.75. The bank noted that hyperscaler capex has climbed above $527 billion for 2026 and that it remains “well above the Street” on NVIDIA’s data centre revenue estimates, though analyst Jim Schneider cautioned that “stock price outperformance will hinge on revenue visibility into CY27.”

Cantor Fitzgerald analyst C.J. Muse holds the Street-high $300 price target, but considers an opportunity of a growth to $400 “given growth prospects through the end of the decade.” He said demand for artificial intelligence is surging and noted that Nvidia’s chip supply for 2026 is likely already sold out. According to Muse, the company is now accumulating orders for 2027 and 2028. Some time ago, after meetings with NVIDIA’s leadership, Muse declared “this is not a bubble,” citing hyperscaler demand that provides “significant line-of-sight into hundreds of billions of demand for the next handful of years,” with a path to $50 EPS by 2030.

Morgan Stanley’s Joseph Moore maintains a $250 target. Furthermore, the bank offers an even more optimistic scenario of growth to $330 if the plan is successfully executed, and a downside scenario of $150 if growth slows faster than expected. The Vera Rubin platform set to “raise the bar for performance” in the second half of the year.

Bank of America reiterated a Buy with a $275 target. Analysts increased their revenue forecasts for Nvidia for fiscal 2027–2029 by 7%, 2%, and 2%, respectively, bringing projected sales to $342.33 billion, $422.75 billion, and $496.3 billion. They also lifted EPS estimates by 8%, 3%, and 3% to $8, $9.98, and $11.94 over the same period.

Likewise, Wedbush Securities analyst Dan Ives also set a $275 price target, calling 2026 “an inflection point for the AI buildout” and arguing that Wall Street is “significantly underestimating” NVIDIA’s demand drivers, with the tech sector projected to rise more than 20% as AI investments deepen across software, semiconductors, and infrastructure.

NVIDIA Stock Prediction for 2026

Mid-Year 2026:

• Most Bullish Projection: 209 (WalletInvestor)
• Most Bearish Projection: 167 (LongForecast)

End-of-Year 2026

• Most Bullish Projection: 289 (LongForecast)
• Most Bearish Projection: 192 (CoinPriceForecast)

NVIDIA Stock Prediction for 2027

Mid-Year 2027:

• Most Bullish Projection: 401 (TradersUnion)
• Most Bearish Projection: 223 (CoinPriceForecast)

End-of-Year 2027:

• Most Bullish Projection: 491 (CoinCodex)
• Most Bearish Projection: 253 (CoinPriceForecast)

NVIDIA Stock Prediction for 2028

Mid-Year 2028:

• Most Bullish Projection: 593 (CoinCodex)
• Most Bearish Projection: 299 (CoinPriceForecast)

End-of-Year 2028:

• Most Bullish Projection: 750 (LongForecast)
• Most Bearish Projection: 315 (CoinPriceForecast)

NVIDIA Stock Prediction for 2029

Mid-Year 2029:

• Most Bullish Projection: 742 (CoinCodex)
• Most Bearish Projection: 326 (CoinPriceForecast)

End-of-Year 2029:

• Most Bullish Projection: 1,007 (LongForecast)
• Most Bearish Projection: 327 (CoinPriceForecast)

NVIDIA Stock Price Prediction for 2030 Onwards

While NVIDIA stock projections beyond 2030 are uncertain, a few sources offer forecasts:

Advertisement

Consensus

While the NVDA stock price is generally expected to rise, the scale of that growth varies. From 2030 to 2040, predictions range from $400 in 2030 to $6,000 in 2040. The gap is wide.

NVIDIA’s Price History

NVIDIA’s stock price has undergone an extraordinary transformation since its early days, moving from a graphics pioneer to a tech powerhouse. Understanding its price history offers valuable insight into the key milestones that have shaped NVIDIA’s rise in the market, from its early challenges to its recent dominance in AI and data centres. Let’s look at how NVIDIA’s stock has evolved over the years.

How It Started

NVIDIA Corporation was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem with the vision of revolutionising computing through graphics processing technology. The founders saw the potential in a new computing model focused on enabling rich multimedia experiences for consumers.

Initially, NVIDIA operated in a highly competitive environment dominated by established companies like Intel and 3dfx. In its early years, the company focused on creating high-performance graphics cards, targeting a niche market of gamers and tech enthusiasts. Their breakthrough came with the launch of the NV1 in 1995, a pioneering graphics card that introduced innovative 3D rendering capabilities.

By the late 1990s, the company had gained enough traction to go public in 1999. However, after adjusting for several stock splits, including the most recent one in June 2024, this price is equivalent to just $0.0438 (we’ll refer to the split-adjusted price from here). These early steps marked the beginning of its journey to becoming a tech giant.

Early 2000s to 2015: Building the Foundation

Throughout the 2000s, NVIDIA expanded its product line, targeting both gaming and professional markets. Significant milestones included the release of the GeForce 256 in 1999, often considered the world’s first GPU.

The company’s stock price rallied in the dot-com bubble, cresting $0.6 at the start of 2002. After sinking to a low of $0.06 later in the year, NVDA began a long uptrend, peaking at $0.992 in 2007, just before the 2008 financial crisis sent it plummeting back to $0.144. Continuing to expand its presence in the GPU arena over the years, NVIDIA’s stock rebounded, closing 2015 at $0.824.

2016-2017: The Boom Begins

The period from 2016 onwards marked a dramatic shift for NVIDIA. Driven by the increasing demand for GPUs in gaming, data centres, and the burgeoning field of artificial intelligence (AI), NVIDIA’s stock price began to soar.

By mid-2016, NVIDIA had introduced the Pascal architecture, which significantly improved performance and efficiency. This innovation, coupled with strong financial results, saw the stock price surge to a high of $2.99 by the end of 2016, while by the end of 2017, the stock had been trading near $5.

2018-2020: Volatility and Growth

In 2018, NVIDIA’s stock experienced volatility due to a slowdown in cryptocurrency* mining, which had previously driven GPU sales. The stock price peaked at around $7.32 in October 2018 but closed the year at $3.38. Despite this, NVIDIA’s long-term prospects remained strong, bolstered by continued advancements in AI and data centre applications. By early 2020, the stock price had rebounded to above $7.

2020-Present: Surging Ahead

While the COVID-19 pandemic caused a brief blip in NVDA’s price, the event actually further accelerated demand for NVIDIA’s products as more people turned to gaming and remote work. NVIDIA’s willingness to acquire Arm Holdings in September 2020 for $40 billion highlighted its strategic expansion.

The stock price broke the $12.50 mark in mid-2020, closing 2021 at $29.41. While rising interest rates and restrictive financial conditions drove NVDA lower in 2022, to a low of $10.81, the debut of ChatGPT in late 2022 and the resulting surge in AI adoption marked a watershed moment for NVIDIA.

NVIDIA quickly became one of the world’s most valuable companies in 2023 thanks to exploding demand for its products. In May 2023, it crossed the $1 trillion market cap threshold and peaked at $50.26 in August.

NVIDIA continued to dominate the GPU and AI computing space in 2024, making a new all-time high of $148 on 7th November 2024.

Much of this bullishness has been supported by the introduction of its Blackwell architecture, designed to provide unprecedented levels of performance to AI applications and cement its leadership in the space.

The next all-time high of $149.43 was set on 6th January 2025. However, by April 2025, the stock had fallen below $100. There are several reasons for this. The US stock market had been undergoing a correction since mid-February. Many analysts suggested the market would cool off in 2025, as it would be unprecedented for it to deliver such returns for a third consecutive year. Moreover, tariff and AI-related concerns weighed on market sentiment, particularly affecting large-cap stocks. The DeepSeek case triggered a decline in NVIDIA shares. Although the market experienced a slight recovery, this incident raised doubts about the future of major AI-related companies.

However, the company soon experienced a remarkable recovery in its share price, surging to a closing price of $173.00 on 17th July 2025, marking a new all-time high. This resurgence was driven by several pivotal developments, most notably the lifting of US export restrictions on its H20 AI chips to China. The reversal of this ban, coupled with increased global capital expenditure in AI infrastructure, significantly bolstered investor confidence and contributed to the substantial rise in NVDA’s share value.

On 9th July, NVIDIA’s market capitalisation reached an unprecedented $4 trillion, making it the first company to achieve this milestone. Despite ongoing concerns regarding customer concentration and potential competition from emerging players, NVIDIA’s strategic initiatives and market leadership reinforced its position in the technology sector, cementing its status as a key player in the AI revolution.

It took less than four months for the company to achieve another milestone — on 29th October 2025, NVIDIA reached $5.03 trillion in market value. Moreover, NVDA stocks continued to set new all-time highs. Despite analysts’ warnings about a potential AI bubble, the stock’s rally was supported by a massive order backlog, strategic partnerships with the US government, and expansion into the telecommunications sector.

Since then, however, NVDA has pulled back from its all-time high of $212.19, set on 29th October 2025. The stock traded sideways through late 2025 and into early 2026, closing the year at around $186 before dipping below $183 in mid-February. Broader market caution and growing scrutiny over whether hyperscaler AI spending can deliver sustainable returns have weighed on sentiment.

Now, let’s take a look at analytical NVIDIA share price forecasts.

Advertisement

Want to keep up to date with the latest NVDA price movements? You can head over to FXOpen’s TickTrader platform to explore live NVDA CFD charts.

The Bottom Line

NVIDIA’s future looks promising with continued growth in AI, data centres, and emerging technologies. Price outlooks are bold, and NVIDIA will certainly remain an interesting player to watch in the coming years. However, traders and investors should be very careful and implement risk management tools.

If you are interested in trading NVIDIA and other stocks via CFDs, you can consider opening an account to trade with low commissions and tight spreads at FXOpen (additional fees may apply).

FAQ

What Will NVIDIA Stock Be Worth in 2026?

Most algorithmic forecasting sources project NVDA trading only slightly above its current price of ~$187 by mid-2026, before climbing to between $190 and $290 by year-end, suggesting meaningful second-half momentum driven by continued AI infrastructure spending.

Where Will NVIDIA Stock Be in 5 Years Prediction?

Analytical five-year NVDA forecasts vary widely. Conservative algorithm-based models place the stock between $350 and $500 by 2030, while more bullish projections see it approaching $800–$1000, largely depending on how deeply AI adoption penetrates autonomous driving, IoT, and enterprise computing.

Can Nvidia Hit $300?

Some Wall Street analysts already hold 2026 price targets near or at $300, and most algorithmic forecasting models project the stock reaching this level during 2027. However, reaching $300 would still require sustained revenue growth and continued investor confidence in AI demand.

Is Nvidia Stock Expected to Go Up?

The broad consensus among analysts and forecasting services is bullish, with the overwhelming majority of Wall Street ratings currently at Buy or Strong Buy. That said, competition from AMD and custom AI chips, potential demand cyclicality, and elevated valuations all represent risks to the upside case.

Can Nvidia Hit $500 a Share?

Most long-range forecasting models expect NVDA to reach $500 sometime between 2028 and 2030, supported by projected earnings growth across AI, data centres, and next-generation computing platforms. The timeline depends heavily on whether NVIDIA can maintain its dominant market share against intensifying competition.

*Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Democrats in the US House of Representatives are pressing Treasury Secretary Scott Bessent over how regulators are handling World Liberty Financial’s bid for a national trust bank charter to issue a dollar-backed token.

In a letter on Thursday, 41 House Financial Services Committee Democrats led by Representative Gregory Meeks cited systemic risk, foreign ownership and potential political pressure on the bank chartering process. 

They asked Bessent to explain what safeguards exist to prevent foreign government officials or politically connected investors from using the charter process to gain leverage over the US financial system.

​The lawmakers pointed to reporting that a senior royal from the United Arab Emirates quietly acquired almost half of World Liberty Financial for about $500 million, including a reported $187 million flowing to Trump-affiliated entities, while the company pursued a national trust bank charter with the Office of the Comptroller of the Currency (OCC).

They argued that the combination of digital asset trust structures, untested liquidity and resolution frameworks and foreign political interests raised questions that regulators “cannot afford to sidestep.”

Related: White House floats limited stablecoin rewards in third crypto, bank meeting

​Democrats also questioned whether Executive Order 14215, which they say pulled traditionally independent financial regulators into closer White House oversight, could compromise the OCC’s autonomy in deciding on World Liberty’s application. 

The letter asks Bessent to detail the role of the White House, the Office of Management and Budget, and the Treasury Department in OCC charter decisions, and to respond in writing by Thursday.

World Liberty Financial’s high profile

The letter arrives as World Liberty Financial and other Trump-aligned crypto initiatives raise their profile in Washington and on Wall Street, including through a well-attended crypto event at Trump’s Mar-a-Lago club on Wednesday that drew crypto and traditional finance executives, including Coinbase CEO Brian Armstrong, Binance co-founder Changpeng Zhao and Goldman Sachs CEO David Solomon. 

In the run-up to the event, the WLFI token associated with the Trump family-aligned platform recorded a 23% gain as organizers promoted the event as a venue to spotlight World Liberty’s roadmap and its role in the broader crypto market.

No bailout of “cryptocurrency billionaires” 

Separately, Senate Banking Committee Democratic Senator Elizabeth Warren urged Bessent and Federal Reserve Chair Jerome Powell on Wednesday not to deploy taxpayer-backed support to stabilize crypto markets. She warned that any bailout of “cryptocurrency billionaires” would create a moral hazard and shift losses from large investors onto taxpayers. 

Warren’s letter framed potential rescue measures for major crypto firms and investors as a test of whether policymakers would extend bank-style backstops to the digital asset sector, as regulators weigh new charters and oversight for crypto-linked institutions.

Big Questions: Is China hoarding gold so yuan becomes global reserve instead of USD?