Crypto Biz: Trump’s arrival marks a pivotal shift for digital assets
In typically Trump style, the Jan. 20 presidential inauguration was marked by excitement, concern and outright confusion from the crypto faithful.
US President Donald Trump’s inaugural address on Jan. 20 didn’t mention cryptocurrency or Bitcoin, but that doesn’t mean there aren’t big things in store for the sector this year. Coinbase CEO Brian Armstrong said the Trump administration will place renewed emphasis on sensible stablecoin regulations. Bank of America CEO Brian Moynihan said financial institutions are eying cryptocurrency payment opportunities under the new regime.
While Trump’s silence on crypto also extended to executive orders and his list of “America First Priorities,” the sector was arguably the week’s biggest news story.
Even before Trump took office, his name was plastered on a new memecoin that reached $15 billion in value in less than 48 hours.
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Author: Sam Bourgi
