According to Bloomberg, in order to attract more Trump supporters, several websites selling Trump-branded merchandise have begun accepting the Trump-themed token TRUMP as a payment method. Several sites, including GetTrumpWatches.com, GetTrumpFragrances.com and GetTrumpSneakers.com, currently allow users to checkout with TRUMP while still supporting credit card and bitcoin payments.
Cryptocurrency proponent and Republican Senator Cynthia Lummis has accused the Securities Exchange Commission under former Chairperson Gary Gensler of undermining lawmakers' efforts to regulate cryptocurrencies. Lummis filed a 29-page amicus brief with the U.S. Court of Appeals for the Second Circuit in connection with the Securities Exchange Commission's (SEC) case against Coinbase, in which the SEC alleged that the exchange was not legally registered.
New research from the University of Pennsylvania shows that 41% of Republican supporters own cryptocurrencies, significantly higher than 32% of Democratic supporters. The study took two years and surveyed more than 22,000 Americans. The survey found that cryptocurrency adoption was highest in the Southeast, such as Texas, while interest was relatively low in the Northeast and Pacific Northwest.
Crypto proponent and Arkansas Congressman French Hill defeated three other competitors to win the chairpersonship of the Financial Services Committee. It is reported that French Hill said on the Unchained podcast in July that stablecoins and market structure legislation would be the two bills he most wants to pass as chairperson.
Peter Schiff, a prominent economist and gold proponent, wrote a "mockery" of Bitcoin on the X platform in 2019: "Keep dreaming, Bitcoin will never reach $100,000," to which CZ responded: "Don't dream. Keep building."
Fred Krueger, a Bitcoin supporter and a mathematics PhD from Stanford University, wrote in an X post: "The advice for the younger generation is to focus all their energy on artificial intelligence and put their savings into bitcoin." MicroStrategy founder Michael Saylor responded: "Good advice".
1. Cryptocurrency supporter Atkins has become a popular candidate for SEC chairperson. 2. Options data shows that there is a 50% chance that Bitcoin will reach $100,000 by the end of the year. 3. Nominations for ministers in the new Trump administration are completed, and more than 5 are "coin speculators". 4. US Treasury report: Low-income households are using cryptocurrency proceeds to apply for mortgages to buy houses. 5. Stablecoin trading volume has soared to $1.80 trillion so far in Novemb...
On November 28th, according to people familiar with the matter, the transition team of US President-elect Trump has interviewed Paul Atkins, a veteran financial regulator and a figure behind the conservative financial world, as a candidate for the chairpersonship of the US Securities and Exchange Commission (SEC). Atkins is the number one contender to succeed outgoing Gensler, the people said. Trump is expected to make a choice in the coming days, and no decision has been made yet, they said. At...
On November 26, Peter Schiff, a well-known economist and gold supporter, posted on social platform X to attack the Trump administration's policies in support of bitcoin. "When the government picks winners and losers, it usually picks losers," Schiff said. "Because the Trump administration has chosen bitcoin, Wall Street is massively misallocating capital to bitcoin and related value-destroying businesses." In response to Senator Lummis' proposal that the Federal Reserve sell its gold reserves to...
Howard Lutnick, a cryptocurrency proponent nominated by Trump for Secretary of Commerce, has previously said that he will resign from Cantor, BGC and Newmark after Senate approval. Howard Lutnick currently serves as the CEO of Cantor. He plans to hand over the company's Tether business relationship to colleagues. The candidate is said to be his son Brandon Lutnick. Brandon Lutnick previously interned in Tether's Swiss business unit and currently works at Cantor. During his internship in Lugano, ...