Trump, Tariffs & Tornado Cash — Big Week for Crypto
📉 Bitcoin Action:
Last week’s $116K support got tested hard — dipped to $112K, bounced back, now hovering near $116K. Odds of holding look better this week.
🇺🇸 Trump Moves Markets (Again):
Fired BLS Commissioner Erika McEntarfer → sharp market drop, quick recovery.
Announced new tariffs → typical dip + rally pattern.
Signed 2 pro-crypto EOs:
1️⃣ Ban on financial discrimination vs. lawful businesses (including crypto).
2️⃣ 401(k) plans can now hold crypto.
💰 Fed Watch: Stephen Miran nominated to Fed Board — markets see this as dovish (possible rate cuts).
⚖️ Privacy Under Pressure:
Tornado Cash dev Roman Storm convicted.
Samourai Wallet founders pleaded guilty last week.
Big implications for open-source & privacy in crypto.
🐋 Whale Tales:
2011 BTC whale took $9B profit — reminder: holding from 2010 isn’t as easy as it sounds!
Takeaway:
Trump’s policy shifts could supercharge U.S. crypto adoption, but privacy-focused devs are facing major legal heat. The stage is set for big moves — both in price and regulation.