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White House Crypto Chief David Sacks stated that Trump supports the passage of the CLARITY Act, fulfilling crypto commitments.
Trump has won again, GENIUS has set a historic record with one signature, CLARITY has passed in the Senate, and the U.S. is set to become a crypto hub.
In conjunction with the anti-CBDC bill, three crypto laws have passed, with $9 trillion from pensions flooding in, and IBIT funds flowing in at the top of the list.
To be honest, during this recent period, institutional acceleration may be at a peak stage.
In the short term, there are some gaps, but in the long term, it will certainly continue to rise.
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White House Crypto Chief David Sacks stated that Trump supports the passage of the CLARITY Act, fulfilling crypto commitments.
Trump has won again, GENIUS has set a historic record with one signature, CLARITY has passed in the Senate, and the U.S. is set to become a crypto hub.
In conjunction with the anti-CBDC bill, three crypto laws have passed, with $9 trillion from pensions flooding in, and IBIT funds flowing in at the top of the list.
To be honest, during this recent period, institutional acceleration may be at a peak stage.
In the short term, there are some gaps, but in the long term, it will certainly continue to rise.
Trump and his family have made a series of forays into cryptocurrencies
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Trump and his family have made a series of forays into cryptocurrencies in the past year, including a new crypto project, World Liberty Financial, and the launch in January of his own meme coin.
Last week, crypto entrepreneur Justin Sun, who was already a major investor in the $TRUMP coin, announced that he was buying another $100 million.
The White House did not immediately respond to a request for comment on Sun’s investment in the president’s meme coin.
The coin, which hit a high of around $75 in the days after its January launch, fell 3.4% on Monday to $9.45, CoinMarketCap data showed.
Illustration shows representations of cryptocurrency Bitcoin
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
The surge in bitcoin has sparked a broader rally across other cryptocurrencies over the past few sessions even as Trump's chaotic tariff policies have knocked sentiment in other markets
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Trump and his family have made a series of forays into cryptocurrencies in the past year, including a new crypto project, World Liberty Financial, and the launch in January of his own meme coin.
Last week, crypto entrepreneur Justin Sun, who was already a major investor in the $TRUMP coin, announced that he was buying another $100 million.
The White House did not immediately respond to a request for comment on Sun’s investment in the president’s meme coin.
The coin, which hit a high of around $75 in the days after its January launch, fell 3.4% on Monday to $9.45, CoinMarketCap data showed.
Illustration shows representations of cryptocurrency Bitcoin
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
The surge in bitcoin has sparked a broader rally across other cryptocurrencies over the past few sessions even as Trump's chaotic tariff policies have knocked sentiment in other markets
#BTC120kVs125kToday
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Cryptocurrencies fell on Friday even after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States.
The reserve will include coins already owned by the government, and the order did not specify a buying schedule or strategy for bitcoin, disappointing some in the market who'd hoped for a more aggressive plan.
The price of bitcoin fell 2% to about $87,000, according to Coin Metrics. Shortly after the news of the bitcoin reserve broke Thursday night, it dropped about 5%.
Ether, XRP, Solana's SOL and Cardano's ADA, were also trading off their lows. Trump had previously named these tokens in a social media post teasing details of the "crypto reserve" on Sunday, but they were not specifically named in Thursday's executive order.
"Although the price has partially recovered, the lack of new demand and uncertainty about future government actions are preventing a significant rally, with prices likely to stabilize in the near to medium term unless a new catalyst emerges," said Rachel Lin, CEO co-founder of decentralized exchange SynFutures.
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Cryptocurrencies fell on Friday even after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States.
The reserve will include coins already owned by the government, and the order did not specify a buying schedule or strategy for bitcoin, disappointing some in the market who'd hoped for a more aggressive plan.
The price of bitcoin fell 2% to about $87,000, according to Coin Metrics. Shortly after the news of the bitcoin reserve broke Thursday night, it dropped about 5%.
Ether, XRP, Solana's SOL and Cardano's ADA, were also trading off their lows. Trump had previously named these tokens in a social media post teasing details of the "crypto reserve" on Sunday, but they were not specifically named in Thursday's executive order.
"Although the price has partially recovered, the lack of new demand and uncertainty about future government actions are preventing a significant rally, with prices likely to stabilize in the near to medium term unless a new catalyst emerges," said Rachel Lin, CEO co-founder of decentralized exchange SynFutures.
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