Crypto industry gets quick return on Trump investment after pouring millions into campaign
Publishing timestamp: 2025-01-25 12:00:01
Summary
Trump's first week in office included executive orders and rule changes that pleased the crypto industry, but skepticism arose over Trump family's meme coins. Industry heavyweights are seeing early returns on their investment in Trump, with Bitcoin hitting record highs. Trump's actions included pardoning Silk Road founder and withdrawing a rule that made institutional crypto adoption difficult. However, concerns were raised over the Trump family's meme coins and the lack of direct mention of Bitcoin in Trump's executive order.
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Tickers: BAC, GS, BTC.CM=, COIN, BTC.CB=, U1BE3'-BR, MS,
Keywords: fintech, uber technologies inc, donald j. trump, business news, coinbase global inc, joe biden, technology, energy, cryptocurrency, bitcoin/usd coinbase, bitcoin/usd coin metrics, bitcoin, bank of america corp,