Cryptocurrency supporters are excited about President-elect Donald Trump’s focus on digital currencies. Bitcoin recently surpassed $100,000 again, driven by hopes that Trump’s administration will create a friendly environment for the crypto industry. Trump has appointed crypto advocates to key positions and expressed his desire to make the U.S. a “crypto capital.” This shift could lead ...
In today’s crypto news, traditional institutions that once dismissed cryptocurrency are now starting to invest in Bitcoin, which recently surged into six-figure territory. Even Ethereum is gaining attention from these investors, with a remarkable 428 million dollars flowing into ETH ETFs in a single day. Significant predictions suggest Bitcoin could see explosive growth by 2025, ...
The White House Watch newsletter discusses key political developments, focusing on Howard Lutnick, Trump’s commerce department pick, who supports Tether, a cryptocurrency linked to illicit activities. Despite Tether’s controversial reputation, Lutnick defends its potential to change global finance. The article also highlights Mitch McConnell’s efforts against isolationism in the Republican Party, contrasting with Trump’s stance ...
On December 11, the U.S. Senate Banking Committee will vote on renominating Caroline Crenshaw, an SEC commissioner known for her strong opposition to cryptocurrencies. Crypto advocates are concerned about her potential reelection, especially after her dissent against Bitcoin exchange-traded funds, which she labeled “unsound.” Critics argue that Crenshaw’s stance is even more anti-crypto than that ...
Bitcoin recently hit a historic high of over $103,000, buoyed by optimism surrounding a crypto-friendly regulatory landscape under President-elect Donald Trump’s administration. Trump’s election has driven a more than 40% rally in Bitcoin since November, and he publicly celebrated the milestone on social media, suggesting that the crypto community can thank him for the surge. ...
Faryar Shirzad, Coinbase’s chief policy officer, predicts that the U.S. cryptocurrency industry will soon see rapid regulation following Donald Trump’s presidential election victory. He believes that with Trump’s pro-crypto stance and the Republican Party controlling Congress, new laws will be passed to benefit the 50 million Americans who own cryptocurrencies. Two significant bills are currently ...
