Billionaire Carl Icahn may invest up to $1.5 billion into crypto while noting that “much of the cryptocurrency issued today will not survive.”
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Category: Trump Administration
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Trump Bans Chinese Payment App Giants Alipay and Wechat- Order Could Steer Billions of Dollars Toward Bitcoin
Cryptocurrencies may see a boost between China and the U.S., as the American president Donald Trump has signed an executive order banning financial transactions with eight China-based payment applications. Following the signing of Trump’s new executive order, popular payment apps including Alipay, Wechat Pay, and Tencent’s QQ will be banned in America in 45 days. […]
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Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns
The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared several concerns regarding […]
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Report Claims US President Trump Considering Clemency for Ross Ulbricht
According to two anonymous sources, U.S. President Donald Trump is considering clemency for Ross Ulbricht. White House reporters Asawin Suebsaeng and Adam Rawnsley claim sources detailed that Trump “has expressed sympathy” for Ross Ulbricht and his double life sentences. Ross Ulbricht may get clemency from the sitting U.S. President Donald Trump if the American leader […]
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Ex-Trump Chief Strategist Bannon: Cryptocurrencies Make Central Banks Redundant
Bitcoin has always been considered by its staunch supporters a tool to bring about personal financial freedom from government control and censorship as well as taxation via inflation. As such, most political players shun the cryptocurrency when they are in power as it threatens their position. Once out of power they are freer to appreciate […]
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