Nobel Prize-winning economist Paul Krugman believes Bitcoin’s current value drop is because of US President Donald Trump’s waning reputation and diminishing energy. Krugman stated Bitcoin’s fortunes at the moment are intently tied to Trump’s due to the President’s all-in embrace of crypto throughout his marketing campaign and thru his firstContinue Reading
President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao on Oct. 23 after Zhao had served 4 months in jail for violating US banking legal guidelines. Trump claimed he didn’t know who Zhao was however characterised him as a “revered entrepreneur” whose pardon aligned with the aim of US competitivenessContinue Reading
Bitcoin recovered a few of its post-Fed slide after President Donald Trump introduced a one-year commerce take care of Xi Jinping. The restoration adopted a stoop triggered by the Federal Open Market Committee (FOMC) decreasing the coverage charge however with Fed Chair Jerome Powell downplaying a near-term charge minimize. TheContinue Reading
President Trump has nominated Michael Selig, the CFTC’s crypto job pressure chief counsel, because the company’s new chair, signalling continued pro-crypto coverage momentum. The appointment follows the withdrawal of Trump’s earlier choose, Brian Quintenz, after objections linked to Gemini co-founder Tyler Winklevoss. If confirmed, Selig will oversee the CFTC’s risingContinue Reading
Trump’s pardon of Binance founder Changpeng Zhao ends a year-long authorized saga and indicators a friendlier stance on crypto regulation. The choice follows in depth lobbying and comes amid rising hyperlinks between Binance and the Trump household’s crypto enterprise. Lawmakers from each events have criticised the transfer, warning it dangersContinue Reading
California Governor Gavin Newsom announced plans to launch a “Trump Corruption Coin” memecoin as part of his Campaign for Democracy. The coin launch aims to highlight what Newsom calls the “absurdity” of Trump’s controversial cryptocurrency dealings and potential conflicts of interest. Trump transformed from crypto skeptic to supporter during hisContinue Reading
Eric Trump says the Trump family’s interest in crypto began when major banks closed hundreds of their accounts after the January 6 Capitol attack, which he saw as a political “weaponization” of the financial system. The Trump family has since integrated crypto into their business empire, launching a memecoin, aContinue Reading
