Votes – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 31 Aug 2025 05:23:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Votes – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Lower Fees on the Horizon? Tron Proposal Hits 17 of 18 Votes https://earlybirdsinvest.com/lower-fees-on-the-horizon-tron-proposal-hits-17-of-18-votes/ https://earlybirdsinvest.com/lower-fees-on-the-horizon-tron-proposal-hits-17-of-18-votes/#respond Sun, 31 Aug 2025 05:23:26 +0000 https://earlybirdsinvest.com/lower-fees-on-the-horizon-tron-proposal-hits-17-of-18-votes/

The Tron
TRX


$0.3407

blockchain community is voting on a proposal that could result in lower fees for network users.

A proposal to cut the cost of energy, a resource used to process transactions, is gaining support and is nearing the number of votes needed to pass.

The voting ends on August 29, and if just one more approval is secured, the plan will move forward.

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The change would lower the energy price from 210 sun to 100 sun. In Tron’s system, 1 TRX equals 1,000,000 sun, so that this change would cut the energy cost by more than half.

This means that many users, especially those sending numerous transactions, such as stablecoin transfers, would require less TRX to cover fees.

However, with energy priced at 210 sun, about 76 million TRX is burned or removed from circulation. If the new rate of 100 sun is adopted, that burn rate would fall, which might lead to more TRX being created than destroyed, unless transaction activity increases to make up the difference.

As of August 27, 17 of the 27 Super Representatives, the entities that validate blocks and vote on upgrades, had approved the proposal. These include participants like Chain Cloud, CryptoChain, Nansen, HTX.com, P2P.org, and Tron Alliance.

Ten more have yet to vote, and only one more “yes” is needed to meet the required 18 approvals.

Meanwhile, Solana recently experienced a short-lived surge in network activity, with transactions per second (TPS) reaching six figures. How? Read the full story.

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Argentina’s opposition party votes to reopen investigation into President Milei over LIBRA scandal https://earlybirdsinvest.com/argentinas-opposition-party-votes-to-reopen-investigation-into-president-milei-over-libra-scandal/ https://earlybirdsinvest.com/argentinas-opposition-party-votes-to-reopen-investigation-into-president-milei-over-libra-scandal/#respond Fri, 29 Aug 2025 00:19:24 +0000 https://earlybirdsinvest.com/argentinas-opposition-party-votes-to-reopen-investigation-into-president-milei-over-libra-scandal/

Argentina’s opposition parties have revived a stalled investigation into President Javier Milei’s role in the LIBRA scandal, seizing on new corruption allegations that have rattled the government just weeks before October’s elections.

The commission, first created in April but largely paralyzed by bureaucratic and congressional hurdles, was reactivated on Aug. 28 after leaked recordings implicated Milei and his sister Karina in a separate bribery scheme.

The tapes, belonging to former presidential attorney and government official Diego Spagnuolo, contained claims of cash-for-favors dealings. Spagnuolo later admitted the recordings were authentic.

Public backlash fuels probe

The scandal has triggered a wave of public anger. On Wednesday, protesters hurled lettuce and rubbish at Milei during a public appearance, an act that drew headlines across the country.

While no injuries were reported, the incident highlights mounting unrest against the president’s administration. The fresh controversy has given the LIBRA probe new momentum. It had lost traction after Milei dissolved its initial task force in May.

The LIBRA affair centers on allegations of insider trading and a pump-and-dump scheme tied to the digital token, a case prosecutors say may have involved Argentina’s highest levels of power.

Maximiliano Ferraro, a legislator from the Civic Coalition ARI and head of the new investigative body, said the commission intends to establish whether misconduct occurred. Ferraro said the investigation was reignited because questions remain over whether insider trading took place.

Political stakes ahead of elections

Five opposition parties, representing 136 of the Chamber of Deputies’ 257 lawmakers, voted to reopen the case despite pushback from Milei’s allies.

The commission set a reporting deadline of Nov. 10, weeks after Argentines head to the polls.

The inquiry adds to the mounting challenges facing Milei as he navigates a presidency already strained by economic turmoil and growing discontent. The combination of corruption scandals and revived investigations could weigh heavily on his political future.

While the LIBRA scandal has shaken Argentina’s crypto community, the broader allegations of bribery and abuse of power have struck a deeper chord with the public. With elections looming, the outcome of the investigation, and its political fallout, remains uncertain.

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World Liberty Financial holders back WLFI public trading with massive 99.9% positive votes https://earlybirdsinvest.com/world-liberty-financial-holders-back-wlfi-public-trading-with-massive-99-9-positive-votes/ https://earlybirdsinvest.com/world-liberty-financial-holders-back-wlfi-public-trading-with-massive-99-9-positive-votes/#respond Thu, 17 Jul 2025 04:53:51 +0000 https://earlybirdsinvest.com/world-liberty-financial-holders-back-wlfi-public-trading-with-massive-99-9-positive-votes/

World Liberty Financial (WLFI) token holders approved a governance proposal to make the WLFI token tradable, allowing the project to begin enabling transfers and secondary market access. 

Token holders cast overwhelmingly affirmative ballots before the July 16 close, with 11.1 billion tokens voting “Yes,” equivalent to 99.94%. 

World Liberty posted the “Make $WLFI Token Tradable” measure to its governance forum on July 4 and opened on‑chain voting on July 9

The proposal directs the team to activate transferability, allowing holders to move WLFI peer-to-peer and list on secondary venues, thereby shifting the network from a closed model to one of open participation. 

The plan also outlines staged unlocks, where a portion of the early supporter allocations becomes eligible once trading starts. In contrast, founder, team, and adviser allocations remain locked under a longer schedule that requires a later community vote. 

Timing and any eligibility screens will follow in a separate implementation update.

Backed by the Trump family

World Liberty Financial is a decentralized finance and digital wealth platform backed by President Donald Trump and his family.

The application links traditional financial services with on-chain products, including the WLFI governance token and the USD-pegged stablecoin, USD1

According to one of the initial statements on the project, WLFI’s goal is to maintain the dollar and the global settlement layer through US-pegged stablecoins. 

Next steps for transfer enablement

With authorization in place, the team will execute transfer functionality, initiate eligible early‑supporter unlocks, and schedule a second vote to govern the broader release schedule for locked allocations. 

Governance participants will also gain a broader role in determining emission parameters, incentive programs, and treasury actions once WLFI transitions to a permissionless circulation model. 

Project documentation on the forum states that implementation will occur within a reasonable time from passage. 

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US Senate Votes to Repeal IRS DeFi Reporting Rule https://earlybirdsinvest.com/us-senate-votes-to-repeal-irs-defi-reporting-rule/ https://earlybirdsinvest.com/us-senate-votes-to-repeal-irs-defi-reporting-rule/#respond Thu, 06 Mar 2025 00:17:14 +0000 https://earlybirdsinvest.com/us-senate-votes-to-repeal-irs-defi-reporting-rule/

In the latest pro-crypto pivot in the US, the Senate has quashed a rule submitted by the Internal Revenue Service relating to “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.”

The rule required decentralized finance platforms to report detailed information on customers to the IRS, starting for tax year 2027. It was aimed at improving tax compliance and treating DeFi the same way centralized exchanges and stock brokerages do.

The bipartisan vote, led by Senator Ted Cruz, argued that DeFi platforms are not traditional brokers and would face high compliance costs.

The repeal passed with a vote of 70 to 27, and every vote to keep the rule was by a Democrat, unsurprisingly.

DeFi Off The Hook

“The Democrats and Republicans can still do things together when they just try,” commented Coinbase chief legal officer Paul Grewal.

“It’s a powerful statement of the importance of crypto. I think crypto was one of the major issues in the last election,” said Texan Senator Cruz, who added, “We just saw a really strong bipartisan repudiation of that regulation.”

Republicans are eyeing other Biden-administration rules using the Congressional Review Act, including regulations on appliances, oil and gas drilling, and rubber tire manufacturing.

Mike Kaercher, deputy director of the Tax Law Center at New York University, did not agree that repealing the rule was a good thing.

“It would encourage more of the digital asset industry to move into the shadows, making it more difficult to counter crimes ranging from tax evasion to fentanyl trafficking to terrorist financing,” he said, according to The Wall Street Journal.

DeFi total value locked had a recent resurgence with the crypto market rally but has since retreated 33% to $102 billion, according to DeFiLlama. It is still a long way from its December 2021 peak of $212 billion since DeFi is primarily Ethereum-based, and ETH has been battered this year.

Market Reaction

Crypto markets have seen a minor recovery over the past 24 hours, with total capitalization adding 2% to reach $2.97 trillion.

Bitcoin reclaimed $88,000 before a minor pullback as Commerce Secretary Howard Lutnick said that Trump was considering a pathway for tariff relief for Mexican and Canadian goods governed by the North American trade agreement.

Ethereum also made a minor 4% gain, but it remained at its lowest level for over a year, wallowing just over $2,150. There were larger gains for XRP, Cardano (ADA), Hedera (HBAR), and Bitcoin Cash (BCH).

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