France -2025/01/20: In this photo illustration, Trump Mome and Crypto President Trump are displayed on the smartphone screen. (Photo Illustration by Romain Doucelin/Sopa Images/Lightrocket, Getty Images)
Roman Duslan | Getty Image
Management, companies and investors in the cryptocurrency industry are trying to benefit from investing in Donald Trump early.
After Tens of millions of dollars in Trump’s 2024 presidential election campaign, the cryptocurrency industry collected a considerable amount in the first week after Trump became the White House.
“I don’t think they could imagine the better results than the results obtained in the past 48 hours,” said Benchmark Bill Girly, who was known for betting early. UberAnd on Friday, he talked on CNBC’s “Closing Bell”. Girly said that the new influence of technology in Washington may be harmful to some of the startups, but “clearly good for cryptocurrencies.”
The support to Mr. Trump in the industry is to stop the government’s cryptocurrency crackdown and reduce investment restrictions in cryptocurrencies and introduce regulations that are advantageous for those who want to develop new type of settlement technology. It was built based on the promise.
The heavyweight in the industry looks like this Coin base CEO Brian Armstrong and Binance CEO Richard Ten praise the beginning of the new era.
Armstrong told CNBC in the annual world economic forum held in Davos, Switzerland, “I want you to remember that we were really attacked by this administration for the past four years.” Ta. Armstrong has criticized Armstrong that he is trying to “weapons of lack of clarity of the rules” and is trying to punish even companies that were helping.
“There were some villains to make fair,” said Armstrong. “But I think they were even seriously pursuing excellent actors, as we,” coinbase was one of the major corporate donors in the 2024 election cycle.
Bitcoin It recorded a record high of about $ 109,000 on Monday, around $ 105,000 by the weekend. It has risen more than 50 % since Trump’s election victory in early November.
President Trump’s cryptocurrency presidential ordinance
On January 23, 2025, President Donald Trump, who has signed a signed presidential decree on the cryptocurrency in the White House President’s Office in Washington.
Kevin Ramarc | Reuters
The 48 -hour extension mentioned by Girly included the presidential decree signed by President Trump on Thursday to promote the introduction of digital assets in the United States.
President Trump has called for the Ministry of Finance, SEC, and the Product Futures Transactions Committee to cooperate with the work group that evaluates the possibility of stockpiling the virtual currency seized by the government.
In this order, the President protects Bitcoin mincands and software developers from what the president calls, banning digital dollars from the Federal Reserve, and promoting stable coins fixed to the US dollar. Overview of other important priority items.
President Trump, a venture capitalist, nominated the White House AI and a cryptocurrency emperor, joined the president in the presidential office and signed the presidential decree.
In the latter half of Thursday, the SEC made a groundbreaking presentation and forced banks to treat Bitcoin and other tokens as debt on the balance sheet, making it more difficult to introduce cryptocurrencies by institutions. Withdrawal.
The rules, known as SAB 121, were introduced in 2022, and digital assets imposed strict capital requirements. In addition, the financial and regulated risks associated with the provision of cryptocurrency custards have increased, and the cost of financial institutions has increased.
Efforts to overturn SAB 121 gained the support of a bipartisan last year. However, President Biden at that time was activated veto in the bill proposal, the rules were left as they were, and banks would hire digital assets beyond derivative transactions, and provide listed investment trusts to asset management customers. It hindered further.
The movement was celebrated on Tuesday by SEC member Hester Perth, who was selected as the new “Crypto Task Force” leader in the SEC.
“Goodbye, goodbye SAB 121! It was not fun,” she wrote in the post to X.
Before the SEC’s announcement, Goldman Sachs’s David Solomon’s highest executive (CEO) said Davos to CNBC, and that the bank could not own bitcoin from a regulation perspective, and if the rules were changed, this problem was changed. He said he would reconsider. With Morgan Stanley CEO Bank of America He also stated that Trump’s attitude of promoting cryptocurrency could rebuild the plan and could lead to the expansion of digital services.
A few days ago, Gary Gensler resigned as SEC Chairman. Gensler has emerged as an hostile in the cryptocurrency industry, but has defended that this rule is needed to protect investors in the event of a virtual currency company bankruptcy. Paul Atkins, former SEC member and CEO of Patomac Global Partners, chose Genra’s successor.
The founder of Silk Road is source from prison
Los Wolblicht, the founder of the website Silk Road, has appeared in a computer and has appeared in a photo presented as an exhibition during a criminal trial in the 2015 New York Federal Court.
SDNY | via Reuters
It was a very different form that Mr. Trump nodded in the cryptocurrency industry for the first time as a president, which was held earlier this week.
On Tuesday, the second day of his inauguration, Trump gave a full pardon to Silk Road’s founder, Los Wolblicht. The 40 -year -old Wolblicht was convicted in the Federal Court for seven crimes, such as drug distribution and computer hacking collusion, and has been sentenced to life imprisonment since 2015.
Silk Road was operated from 2011 to 2013, functioning as a dark web marketplace for users to buy and sell smuggling, including illegal drugs such as heroin. According to the Federal Prosecutor’s Office, the platform promoted more than $ 200 million sales and was related to the death of at least six people.
At its peak, Silk Road functioned as a global drug bazaar, and trading was mainly in bitcoin, one of the early large applications of cryptocurrencies. Prosecutors later argued that the anonymity browned by bitcoin helped Silk Road vendors hide their identity.
Wolblicht became a kind of cult hero in the cryptocurrency community, and the “free loss” movement has resonated among conservative media and politicians.
“Ross’s mother, Iliam Wolblicht, to pay tribute to the Rivatarian movement, which strongly supported her and me, and told me that I was happy to be able to sign my son Loss’s complete and unconditional amnesty. Yes, President Trump wrote on Tuesday in a post to Truth Social.
Former CEO co -founder and former CEO, CEO, commented on X with applause emoticons after the announcement of pardon. Zhao was convicted of making money laundering on his cryptocurrency exchange and was sentenced to four months in prison in April.
Trump Meam Coin
Hakan Nural | Getty Image
Not all of President Trump’s actions in the past week have been widely praised by the cryptocurrency industry.
The most important thing is that the president is frustrated in some of the notorious markets. Last weekend, while the cryptocurrency leader, the family of Trump, and the aides were partying with the Washington’s crypto ball, the $ trump Memcoin was excited on the net.
After that, $ melania coin appeared. In total, the Trump family has earned billions of dollars on paper due to the ownership of assets created from nothing. Cryptocurrency enthusiasts are concerned that this is a troublesome sign of President Trump’s true intentions, damaging the industry’s reliability that is trying to prove the legitimacy of cryptocurrency.
“I think it’s outdated, but I think the president should focus on operating the country instead of issuing a fraudulent token,” said Castle Island Ventures Nick Carter. I wrote it.
According to the $ trump website, 80 % of the supply is owned by Trump Organization and affiliates.
The members of the Diet are also opposed.
Senator Elizabeth Warren and House of Representatives Jake Orchinkross (both Massachusetts Democratic Party) have the possibility of the first couple to use their position in the wealthy and “pull the rugs” fraud. Was raised.
In the letter obtained by the CNBC, the two decided to issue two Meramp and $ Melania, a two -time coin and $ melania that President Trump and Mrs. Mr Melania Trump could make abnormal profits during his term. I write a letter with a deep concern. ” .com. “These coins do not create faster, cheaper and safer new payment rails. These coins are not for people to borrow at a more affordable price. Finance for consumers. It does not improve the system in any form.
The $ trump is currently trading for less than $ 30 and has fallen by more than 50 % from the peak immediately after its release. The $ Melania token has plummeted more than 80 % from the high price and is currently trading for less than $ 2.50.
Most of the tokens will not be liquidated at once, as the Memcoin is subject to a multi -year right schedule. Former coin -based executive and cryptocurrency analyst Connor Glogan estimate that the Trump team still created a $ 58 million transaction fee on the first day, without any tokens.
Slowliness is not limited to Memcoin.
The President of President Trump on Thursday could not instruct the United States to start purchasing direct bitcoin and holding it as a reserve.
Prior to the order, Binance’s CEO Richard Ten said that the United States would establish a strategic bitcoin reserve to CNBC in Davos. Circle’s CEO Jeremy Allaire said it was “wise” that the Central Bank holds the reserve in bitcoin.
Mr. Trump suggested that the idea could be supported by the idea that the US bitcoin reserves could be supported by hackers and fraudulent organizations during the election.
However, in the 1,300 Presidential Ordinance issued on Thursday, Trump did not simply avoid the request for bitcoin reserves. The word bitcoin was not found anywhere.
– CNBC’s Ryan Browne has contributed to this report.
