Brian Armstrong, the Coinbase boss, already cleared an extra $129 million in personal stock sales over the pre-election price, and his stake in the company is up over $2 billion.
President-elect Donald Trump lauded Bitcoin’s (BTC) record-breaking ascent past $100,000, congratulated Bitcoin investors on his Truth Social platform, and attributed the milestone to his influence. Trump declared that Bitcoin investors are “welcome,” framing the surge as a testament to his pro-growth policies. He said: “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” […]
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Fairshake will have a whopping $103 million to spend on the next U.S. congressional election — so far — thanks to another $25 million just promised from Ripple Labs.This latest contribution puts the political action committee in a powerful position to repeat its successes from this year's elections, in which dozens of its favored pro-crypto candidates won their races.
Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This almost certainly guarantees crypto legislation will advance and become law sometime in the next two years. It also heralds a potentially softer approach from regulators toward the sector.
After years of legal wrangling with the U.S. securities regulator, President-elect Donald Trump's win was taken by the crypto industry as a definitive sign that their courtroom shackles and enforcement actions would be thrown off when he takes the oath of office again.
What can offshore crypto companies practically do to stop Americans from accessing their services – and what do regulators expect them to do?
Polymarket’s CEO Shayne Coplan believes the recent FBI raid and seizure of his devices may have political motives. On Nov. 13, Coplan took to X to express disappointment at the action, suggesting the current administration was making last-minute efforts to target firms linked to political opposition. He emphasized that Polymarket operates as a non-partisan platform, […]
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The Republican Party has kept the U.S. House of Representatives for the next two years, raising hopes for comprehensive crypto legislation in the next Congress and securing a Republican trifecta for at least the next two years.
The FBI seized the phone and electronics of Polymarket CEO Shayne Coplan on Nov. 13, the New York Post reported, citing a source. According to the report, the source said the government is allegedly trying to accuse Polymarket of market manipulation and rigging its polls in favor of Trump. However, as of press time, there […]
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U.S. Senator Elizabeth Warren has long been held up as the crypto industry's chief opponent in Congress, and she's now ascending to the role as the top Democrat in the Senate Banking Committee, where she'll be heard from on the digital assets legislation that likely needs a sign-off from that panel.
Trump's victory presents a unique opportunity to reshape regulation and ensure no future SEC Chair can hamstring the industry again. Expect pushback.
Republicans have already won 214, leaving them just four seats shy of the majority for another Congressional term
Bitcoin (BTC) broke multiple new price levels throughout the day on Nov. 11, reaching a new all-time high of $87,450 as it continues its blistering post-election rally into price discovery. As of press time, the flagship crypto was trading at $87,169, up almost 10% for the day and roughly 25% since Donald Trump was declared […]
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A Republican sweep is the best result for the digital assets sector and could bring positive regulatory change, the report said.
Standard Chartered said the recent Republican win in the US elections could serve as a major catalyst for digital assets, potentially driving their combined market cap from $2.5 trillion to $10 trillion by the end of 2026. The bank’s latest report outlines how anticipated regulatory shifts under the new administration may pave the way for […]
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Pro-crypto political action committees (PACs) scored significant victories in the U.S. elections, with 48 of their endorsed candidates winning as of Nov. 8, positioning the industry for stronger influence in Washington, Bloomberg News reported. A record-breaking $135 million in PAC investments spanned over 50 candidates, crossing party lines to support both Democrats and Republicans, according […]
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The U.S.'s Republican Party seems set to keep control of the House of Representatives, completing its trifecta after flipping the Senate and White House in the 2024 election cycle — confirming odds on betting site Polymarket.
With the crypto-friendly Donald Trump being elected president, industry leaders are now awaiting his first big move, which could be appointing a new chair of the U.S. Securities and Exchange Commission.
The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. election
Under such a proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency's total supply, the report said.
Bitwise CIO Matthew Hougan said in a Nov. 6 memo that Donald Trump’s victory in the US presidential elections will catalyze a “Golden Age of Crypto” as the new administration is set to improve the regulatory landscape. Crypto markets rallied significantly as Trump’s odds of winning the election climbed above 95% on prediction markets. Bitcoin (BTC) […]
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If the prediction market's traders are right – and lately, they've been right – the election results are even more bullish for crypto than they appear.
Polymarket, a decentralized prediction market, called President Donald Trump’s victory hours before major media networks made projections, highlighting the accuracy of market-driven insights. By midnight EST, Polymarket indicated a 97% chance of Trump winning, well ahead of news outlets like CNN and the New York Times, which delayed calls on key swing states. According to […]
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The $3.6 billion contract closed Wednesday morning as the Associated Press, Fox and NBC declared the election for Republican candidate Donald Trump.
Stablecoin and crypto-market structure bills may now see faster progress, the report said.
The 2024 US presidential election has brought a new wave of optimism for the cryptocurrency industry, with former President Donald Trump re-elected as the 47th president. Known for his support of Bitcoin and blockchain innovation, Trump gained significant backing from the crypto community during his campaign by making substantial promises to bolster the sector. Promises […]
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Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.
According to Fox News and AP News, Donald Trump is projected to win the 2024 US Presidential Election as of November 6, 10 A.M. GMT. In response, Bitcoin surged to a new all-time high of $75,264.76, with market participants anticipating the implementation of Trump’s crypto-friendly policies. Trump’s return to the presidency places his extensive promises […]
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Buoyed by donations and votes from a digital asset industry he aggressively courted, Trump won a second term to the White House in his third bid for the U.S.'s highest office.
Having $169 million to spend on U.S. congressional elections can produce fast results in Washington, as the crypto sector's campaign-finance blitz this year helped rid it of a powerful Democratic senator who stood in the way of legislation and also populated Congress with a large number of new friends.