Donald and Melania Trump launched new cryptocurrencies over the weekend. Some experts are advising investors to be cautious.
Top Republican officials at the U.S. Securities and Exchange Commission are poised to begin overhauling the agency's cryptocurrency policies potentially as early as next week when President-elect Donald Trump takes power,
President-elect Donald Trump's new pick for Chair of the U.S. Securities and Exchange Commission (SEC) is reportedly expected to start his tenure by revamping the agency's crypto policies.
Bitcoin surged to over $109,000 before Donald Trump's inauguration, as the crypto sector awaits major action from him.
With the general counsel stepping down, some of the main characters in the crypto industry's recent clashes with the Securities and Exchange Commission are out.
Looking ahead, some analysts think the stock market will keep soaring as Trump pushes for deregulation and tax cuts during his second term. For instance, while on the campaign trail, he proposed lowering the corporate tax rate to 15% for domestic manufacturers. That could boost net profit margins and send the stock market higher.
Two days after Donald Trump launched a memecoin that soared to $6.5 billion overnight, Melania Trump announced her own memecoin, adding to concerns the pro-crypto president is crossing ethical boundaries in an industry his administration will regulate.
The Trump coin was announced on Friday, the final business day before the resignation of Gary Gensler, the outgoing chairman of the Securities and Exchange Commission and an enemy of the crypto industry. Trump had vowed to replace Gensler, who announced in November he would step down at noon on Inauguration Day.
Gary Gensler exits the SEC, leaving a legacy of investor-focused reforms and controversial crypto enforcement.
The United States is ready to usher in a new era with the Jan. 20 inauguration of Donald Trump as the 47th president. The ceremony marks Trump’s triumphant return to the White House after a four-year hiatus during former President Joe Biden’s administration,
Donald and Melania Trump launched new cryptocurrencies over the weekend. Some experts are advising investors to be cautious.