Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

November 7, 2024 Coin Telegraph

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit M this time?

Bitcoin could top $1 million per coin during Trump’s second term, according to historical price data.

Bitcoin (BTC) soared by over 1,900% during Donald Trump’s first term as United States president between November 2016 and November 2020. This occurred despite his critical stance on the cryptocurrency at the time, highlighted by his well-known 2019 tweet labeling BTC as “highly volatile” and claiming its value was “based on thin air.”

BTC/USD daily price chart. Source: TradingView

However, Trump’s second term as the US president looks poised to be more favorable toward the cryptocurrency industry, given his pledge to make the US a “Bitcoin superpower” and implement deregulation to foster the crypto industry.

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Senator Chuck Schumer pledges pro-crypto laws if Harris is president

August 15, 2024 Coin Telegraph

chuck schumer crypto

Speaking at the Crypto4Harris event, the majority senate leader says he will make it his goal to introduce pro-crypto legislation by the end of this year if Kamala Harris is elected president.

Democratic Senator Chuck Schumer, the majority leader of the United States Senate, says he’s making it his goal to pass bipartisan pro-crypto legislation by the end of the year if Kamala Harris is elected president.

Speaking at the Crypto4Harris Town Hall meeting — a grassroots crypto advocacy group pushing for a crypto policy "reset" in the Harris campaign — Schumer said lawmakers could no longer “stick their heads in the sand” when it comes to fostering crypto innovation in the US, saying:

Noting the growth and increasing influence of crypto over the last decade, Schumer suggested a Harris administration would not necessarily be opposed to crypto outright. He said that he would make it his goal to pass pro-crypto legislation in the United States by the end of the year if Harris were to be elected president.

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

US Lawmakers Working on Policy to Open Crypto Markets to Institutional Investors, Says Kevin O’Leary

March 6, 2022 Bitcoin.com

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Kevin O’Leary, aka Mr. Wonderful, has revealed that a group of U.S. lawmakers is working on a policy to open crypto markets to institutional investors. “The good news is they are all over it and agree there is tremendous opportunity once they pass policy,” said O’Leary. U.S. Senators Working on Crypto Regulation for Institutional Investors […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ Risks

July 28, 2021 Bitcoin.com

bitcoin.com

U.S. Senator Elizabeth Warren has asked Treasury Secretary Janet Yellen to “act with urgency” and adopt an appropriate policy to address the risks posed by cryptocurrencies. “The longer that the United States waits to adapt the proper regulatory regime for these assets, the more likely they will become so intertwined in our financial system that […]

us crypto policy