Trump, Crypto and Bitcoin
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2don MSN
Thirteen Republicans voted against a motion to advance three pro-crypto bills, 12 of whom Trump said would now vote differently.
Over 1 in 5 top Trump appointees reported investments in crypto and other digital assets, far more than previous administrations, a Post analysis found.
KEY TAKEAWAYS Ether, the second largest cryptocurrency after Bitcoin, continued to surge Friday after the House of Representatives approved three crypto-friendly bills that could give digital assets increased legitimacy.
US President Donald Trump is set to open the $9 trillion 401k pensions market to crypto, according to a report by the Financial Times.
A legislative win in Congress, and the promise of more to come, has helped lift the prospects and the wealth of the cryptocurrency industry.
A key architect of the lobbying campaign that turned Donald Trump into crypto’s most powerful advocate has made a wildly lucrative bet on one of the industry’s frothiest corners. David Bailey’s hedge fund 210k Capital posted a net return of 640% in the 12 months through June after investing in about a dozen companies that turned themselves into Bitcoin buyers,
Bitcoin has fallen below the $117,000 level on Tuesday after cryptocurrency-related bills were blocked in the House of Representatives.
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Investor's Business Daily on MSNTrump Steps In To Rescue Crypto Week Bills; Bitcoin Slides From PeakPresident Trump wrangles GOP to advance "Crypto Week" bills after failed vote. Bitcoin holds under $120k after sliding from record high.