President Trump needs to temper his tough trade talk by adding achievable and measurable goals that can provide the basis for discussions, he was advised, or equity markets will continue to sell off, Fortune reported.

According to a report by Politico, Treasury Secretary Scott Bessent urged his boss to provide greater clarity to investors about his ultimate intentions. Up to this point, the administration has often employed contradictory arguments to explain the motives and ends of the historic tariff hikes scheduled to take effect on April 9. Trump and other administration members have alternately said the tariffs are meant to raise money, bring manufacturing back to the U.S., offer leverage in negotiations, or become permanent.

The benchmark S&P 500 index is down 16% since Trump’s inauguration in late January, wiping out over $3 trillion in value off equity markets as investors worry about a global trade war could spiral out of control. The slide marks the worst 10-week start under a new president since George W. Bush took office in 2001 just as the Dotcom bubble burst.

ABC News reported: The Trump administration is pulling back its enforcement of crypto regulations, disbanding a unit dedicated to cryptocurrency enforcement.

The Justice Department instructed federal prosecutors to “no longer target virtual currency exchanges, mixing and tumbling service, and offline wallets for the acts of their end users or unwitting violations of regulations,” according to a memo from the U.S. deputy attorney general reviewed by ABC News.

The shift is consistent with President Trump’s other pro-crypto policies, including directive to the Securities and Exchange Commission and the Commodity Futures Trading Commission to ease up on crypto regulation and the creation of a digital assets reserve.

Deputy Attorney General Todd Blanche’s memo attacked the Biden administration, which he said “used the Justice Department to pursue a reckless strategy by prosecution, which was ill conceived and poorly executed.”

The Guardian reported: The US Justice department is disbanding a unit that was dedicated to investigating cryptocurrency-related fraud as Donald Trump’s presidential administration loosens oversight in the digital assets sector.

In a four page memo sent to justice department employees on Monday evening, the deputy attorney general, Todd Blanche, said the its national cryptocurrency enforcement team (NCET) “shall be disbanded effective immediately.”

The memo from Blanche, who previously represented the president in the 2024 criminal trial that led to Trump’s conviction on 34 felony charges of falsifying business records, that said, “the digital assets industry is critical to the nation’s economic development and innovation”

The justice department will no longer pursue litigation or enforcement actions that have “the effect of superimposing retaliatory frameworks on digital assets while President Trump’s actual regulators the punitive criminal justice framework,” Blanche wrote.

Representatives of President Trump’s family have held talks to take a financial stake in the U.S. arm of crypto exchange Binance, according to people familiar with the matter, a move that would put Trump in business with the firm that pleaded guilty in 2023 to violating anti-money-laundering requirements, The Wall Street Journal reported.

At the same time, Binance’s billioniare founder, Changpeng Zhao — who served four months in prison after pleading guilty to a related charge —has been pushing for the Trump administration to grant him a pardon, people familiar with the matter said. Zhao, widely known as CZ, remains Binance’s largest shareholder.

It is unclear what form the Trump family stake would take if the deal comes together or whether it would be contingent on a pardon. The possibilities include the Trumps taking the stake or the deal going through World Liberty Financial, a cryptocurrency venture backed up by the Trumps that launched in September, the people said.

Trump has increasingly blurred the boundaries between presidency and his business ventures. His family has been profiting from his election victory, with first lady Melania Trump signing a $40 million documentary deal and Trump seeking tens of millions in financial settlements from companies he had sued years earlier, much of which has gone to fund his presidential library.

CNBC reported: The CEO of crypto exchange Binance said he expects U.S. President Trump’s “pro-crypto” legislation in the U.S. to spur regulators in other parts of the world to follow suit.

“We have moved from a period where there’s big regulatory uncertainty and in many sense, some regulatory hostility towards the industry, to one where the largest economy of the world said ‘we want to embrace crypto,” Binance CEO Richard Teng told CNBC’s Arjun Kharpal at CONVERGENCE LIVE in Singapore on Thursday.

In a post on Truth Social, Trump said that in addition to Bitcoin, the strategic reserve would include ether, XRP, Solana’s SOL token, and Cardano’s ADA coin.

Bitcoin prices have fallen since Trump’s announcement of a strategic crypto reserve as details of the plan fell short of expectations. Investor enthusiasm toward assets perceived to be risky has also softened more broadly due to concerns over the impact of Trump’s tariff plans.

RollingStone reported: According to a Thursday report from the Wall Street Journal, World Liberty Financial (WLF), the Trump family’s fledgling crypto venture, has explored taking a financial stake in the disgraced cryptocurrency exchange Binance. 

The Trump family has been cashing in at every opportunity since the president’s election win in November. Where his first term was riddled with notable transactions to his hotels and resorts, this time around the Trump’s are practically flaunting every new business venture that leverages their White House connections.

Sitting beneath a portrait of Abraham Lincoln, more than two dozen of the most powerful figures in the U.S. cryptocurrency industry, together worth many billions of dollars, gathered in the White House on Friday for an audience with President Trump, The New York Times reported.

When Mr. Trump entered the ornate State Dining Room after a short wait, the executives rose to applaud him.

Mr. Trump was holding a first-of-its-kind “crypto summit,” meeting face to face with the leaders of virtually all of the top crypto companies in the United States. Only a small portion of the gathering, which was scheduled to last four hours, was broadcast to the public. But it offered a vivid illustration of Mr. Trump’s recent embrace of crypto, a renegade industry that has spent years battling with U.S. regulators. 

Several executives, including Tyler and Cameron Winklevoss, the founders of the Gemini crypto exchange, offered words of gratitude to Mr. Trump. They called him “wonderful.” Saying they were “overjoyed” with his approach.

Since he took office, Mr. Trump has orchestrated a complete transformation of federal policy on crypto. The Securities and Exchange Commission has almost entire reversed an aggressive campaign by the Biden administration to crack down on the industry. The agency, moving with astonishing speed, has issued legal guidance to help crypto companies, ended investigations into major firms, and dropped lawsuits against two of the largest exchanges, Coinbase and Kraken.

Reuters reported: In a post on Truth Social on Sunday, Donald Trump announced that his executive order on digital assets would create a stockpile of XRP, SOL, and ADA currencies, surprising traders by choosing three lesser-known tokens and sending their prices soaring.

Trump also added that bitcoin and ether, the two biggest cryptocurrencies, would be included in the reserve.

It is not clear how the strategic bitcoin reserve will work, nor how it will benefit taxpayers.

White House crypto czar David Sacks said Thursday the federal government would have a strategy to maximize the value of its holdings in the reserve, without offering details.

“The U.S. will not sell any bitcoin deposited in the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold’, Sacks said.

President Trump’s moves to support the crypto industry have drawn concern from some conservatives and crypto backers over giveaways to an already wealthy community and delegitimizing the digital currency industry.

NBC News reported: The White House hosted its first-ever “crypto summit” Friday, convening top executives from various digital asset firms to discuss the Trump administration’s commitment to rolling back the aggressive regulatory posture the Biden administration took toward the industry.

However, some in the crypto world were left disappointed that the Trump administration did not signal more active support for the industry, leading the prices of the very assets the summit was supposed to acclaim to sag Friday.

The price of bitcoin was down about 3% in the late-afternoon trading and was set to finish the week down approximately 7%, to $87,000.