Tag Archives: cryptocurrency

The New Republic reports: You may recall that the president has a meme coin, $TRUMP. Days before his second inauguration, the president—who told Fox News in his first term that he was not “a big fan” of cryptocurrencies, which he deemed possibly “fake”—made his own foray into crypto. The meme coin’s value quickly rocketed to around $75. It dropped shortly …

The Washington Post reports: President Donald Trump signed an executive order Thursday making it easier for everyday savers to invest their retirement funds in alternative assets, including private-market assets like private equity and real estate as well as cryptocurrencies. The order directs the Labor Department to work with the Treasury Department and the Securities and Exchange Commission to see which …

CBS News reports: Trump Media and Technology Group, the social media company owned by President Trump, said it has bought about $2 billion in bitcoin and related securities as it remodels itself as an investment firm. Trump Media, which owns the Truth Social app, announced in May that it planned to raise $2.5 billion to buy bitcoin, with the goal …

The Washington Post reports: Nearly 70 Trump administration officials and nominees held cryptocurrency or investments in blockchain or digital-asset companies at the time of their selection, with stakes ranging from small to more than $120 million, a Washington Post examination found. President Donald Trump has reported a personal stake of at least $51 million in the digital asset revolution he …

The Wall Street Journal reports: Some of the biggest merchants are exploring how to issue or use stablecoins, potentially shifting the high volumes of cash and card transactions that they handle outside the traditional financial system and saving them billions of dollars in fees. Walmart, Amazon, and other multinational giants have recently explored whether to issue their own stablecoins in …

Bloomberg News reports: Kevin Hassett, one of President Donald Trump’s top economic officials, revealed holding a stake in Coinbase Global Inc. worth at least $1 million thanks to his work as an adviser for the US crypto exchange, according to his financial disclosure. The Coinbase shares, listed as vested stock, could be worth as much as $5 million, according to …

CNBC reports: The Trump administration on Wednesday relaxed barriers in 401(k) plans to buying cryptocurrency and related digital assets like NFTs and meme coins. The Labor Department rescinded guidance put in place by the Biden-era Labor Department in 2022 that aimed to safeguard 401(k) investors from such digital assets. At the time, the Biden labor officials cautioned employers to exercise “extreme …

Politico reports: Trump Media & Technology Group — the parent company of Truth Social, whose controlling shareholder is Trump himself — has entered into deals with about 50 large investors that will raise $2.5 billion for the company through both stock and debt, according to a statement Tuesday. The company plans to use the funds to create a “bitcoin Treasury,” …

Raw Story reports: The company behind President Donald Trump’s Truth Social platform will reportedly raise $3 billion to spend on cryptocurrencies. In a Monday report, the Financial Times said Trump Media and Technology Group would “raise $2bn in fresh equity and another $1bn via a convertible bond.” Six sources confirmed the move, the report noted. “TMTG’s capital raise could be …

NBC News reports: The Senate advanced a major cryptocurrency regulation bill Monday on a bipartisan vote two weeks after every Senate Democrat united to block it. The procedural vote on the GENIUS Act — which would establish the first regulatory framework for issuers of stablecoins, digital tokens pegged to fiat currencies like the U.S. dollar — was 66-32. Sixteen Democrats …

Ars Technica reports: Alex Mashinsky, the disgraced founder of the Celsius Network cryptocurrency bank who deceived hundreds of thousands into losing billions with the catchy slogan “unbank yourself”—was sentenced to 12 years in prison on Thursday. In December, Mashinsky pleaded guilty to securities fraud and commodities fraud. Federal prosecutors slammed him for reaping $48 million in profits while causing billions …

Fortune reports: The Department of Justice notified staff on Monday evening that the agency was disbanding a unit dedicated to crypto-related investigations. In a four-page memo reviewed by Fortune, U.S. Deputy Attorney General Todd Blanche announced the decision, stating: “The Department of Justice is not a digital assets regulator. However, the prior Administration used the Justice Department to pursue a …

Axios reports: The Federal Deposit Insurance Corporation said Friday that banks no longer need to get its prior approval before engaging in crypto-related activities, like holding digital currency assets or partnering with companies in the industry. After publishing a general caution against banks participating in the industry just two years ago, the FDIC is the latest Trump administration regulator to …

The Daily Beast reports: President Donald Trump’s memecoin $TRUMP earned $350 million in the three weeks after it launched in January, according to a new analysis from the Financial Times. Trump released the coin—a type of cryptocurrency that originated from an internet meme—just days before he returned to the White House on Jan. 20. The coin’s value quickly surged, netting …

Ars Technica reports: Musk tweets branding Dogecoin as “the people’s crypto” and envisioning the token as someday becoming “the standard for the global financial system” actually created a segment of true believers among his followers who, to this day, fully expect Musk to be a kingmaker who will crown Dogecoin as the default “currency of Earth.” It possibly helps that …

CNN reports: A businessman who pumped $75 million into the Trump family-backed crypto token finds himself in a fortunate position this week as federal securities regulators are hitting pause on their civil fraud case against him. On Wednesday, lawyers for the Securities and Exchange Commission and Justin Sun, a 34-year-old Chinese crypto entrepreneur, asked a federal judge to put the …

ABC News reports: While President Donald Trump’s proudest supporters on Capitol Hill shower him with legislation proposing putting his portrait on a $250 bill, declaring his birthday a national holiday or adding his likeness to Mount Rushmore — a new effort across the aisle isn’t as flattering — as House Democrats take aim at the president’s $TRUMP meme coin. The …

The BBC reports: Argentine President Javier Milei is facing impeachment calls – and legal action accusing him of fraud – over his promotion of cryptocurrency on social media. Milei posted on X about the $LIBRA coin on Friday, which he said would help fund small businesses and start-ups. He shared a link to buy it, causing its price to shoot …

The Associated Press reports: Argentine lawyers filed fraud charges against President Javier Milei in criminal court on Sunday for promoting a cryptocurrency on his social media, one of the lawyers told The Associated Press. On Friday, Milei posted on X about $LIBRA, a coin that he said was aimed at “encouraging economic growth by funding small businesses and startups.” He …

The New York Times reports: The curious trade came a little past 9 p.m. on Jan. 17 — a $1,096,109 bet less than two minutes after the soon-to-be president of the United States posted on his social media account that his family had issued a cryptocurrency called $Trump. In those first minutes, a crypto wallet with a unique identification code …