All posts tagged "Cryptocurrency"

President Donald Trump was apparently running late to a speech with technology leaders at the White House on Wednesday, while the group of people awaiting his arrival was seen squirming.

Trump was speaking about jobs in AI, cryptocurrency, and other growing fields with the group as the Trump administration has been considering how to develop new rules and regulations around digital assets.

He apparently kept multiple executives and financial regulators waiting for nearly 30 minutes, independent journalist Aaron Rupar reported, sharing a clip from the awkward and restless moment....

A Republican lawmaker's claims about President Donald Trump's crypto investments backfired on Tuesday when the internet fact-checked her comments.

Sen. Cynthia Lummis (R-WY) defended Trump on Fox News and argued that the president had conducted his digital currency business before returning to the White House for his second term, despite reports that Trump has raked in more than $1 billion in crypto earnings since his first year in office.

"The president made his money on digital assets before he took the oath of office, so we have to make sure that people, when they are private citizens, can retain their rights to make money and use their intellectual prowess to make money in this country," Lummis said. "That's not wrong. In fact, that's kind of the great American capitalist premise."...

A CNN panel broke into laughter as a former Trump lawyer tried to defend recent revelations of the president's self-enrichment.

William Brennan spoke on The Arena with a panel led by CNN anchor Kasie Hunt, and he offered a defense for Trump profiting from his cryptocurrency ventures while serving as president. Earlier this week, The New York Times revealed that Trump has reeled in more than $1.4 billion in revenue from crypto.

"This may have the appearance of impropriety," Brennan said about Trump's enrichment. "But before people accuse him of actually, you know, selling his office or actual impropriety, some type of proof should be there."...

President Donald Trump had a searing response Tuesday to the banking industry, saying that banks were trying to "undermine" controversial legislation he has touted.

Trump has pushed the Guiding and Establishing National Innovation for U.S. Stablecoins, also known as the GENIUS Act. The bill seeks to create a legal framework for stablecoins, or digital assets whose value is tied to a physical asset like fiat currency or gold. It has support from the crypto industry, which considers the bill an important step toward mainstreaming digital assets.

Trump attacked banks, calling them out and claiming that if the United States doesn't act quickly to pass the cryptocurrency bill, China would benefit and make America less competitive. ...

The declining approval rating of Donald Trump will affect his family businesses, a Nobel Prize winner has claimed.

Paul Krugman believes the negative effects of the president's approval ratings will cause a collapse in the crypto market, which received a surge in the post-election space. Trump had backed a cryptocurrency, $Trump, and has taken actions in office to inflate the value. Top holders of share price in the coin, for instance, were invited to a dinner with the president as a result of their investment.

Despite the boom in interest following Trump's return to office, confidence is waning as his approval rating declines. Economist Krugman believes there is no coming back for the crypto business. ...

A Donald Trump ally has plans to boost the president's memecoin after it crashed 87% with a "Billionaires Club"-themed game, according to reports on Tuesday.

Entrepreneur Bill Zanker revealed he will release the “Trump Billionaires Club” on Apple's App Store and online at the end of the month, Bloomberg reported.

In a new trailer for the mobile game, a voice similar to Trump tells players they can become billionaires and collect the memecoin. ...