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Sitting beneath a portrait of Abraham Lincoln, more than two dozen of the most powerful figures in the U.S. cryptocurrency industry, together worth many billions of dollars, gathered in the White House on Friday for an audience with President Trump. When Mr. Trump entered the ornate State Dining Room after a short wait, the executives…
President Trump signed an executive order on Thursday to create a national stockpile of Bitcoin and other digital currencies, an adviser said, an audacious idea that has been widely criticized as a scheme to enrich crypto investors. The basis of the stockpile will be a stash of Bitcoin, estimated to be worth as much as…
Federal officials declared that so-called memecoins would not be subject to strict oversight. A series of investigations into major cryptocurrency firms were halted. And the Securities and Exchange Commission agreed to pause a fraud case against a top crypto entrepreneur. Just over a month since President Trump’s inauguration, U.S. regulators have almost entirely dismantled a…
President Trump on Thursday issued an executive order to support the growth of the cryptocurrency industry, calling for a new plan to regulate a business in which he has substantial personal investments. The executive order, which was light on details, said the Trump administration would create a working group on digital assets to come up…
President-elect Donald J. Trump and his family on Friday started selling a cryptocurrency token featuring an image of Mr. Trump drawn from the July assassination attempt, a potentially lucrative new business that ethics experts assailed as a blatant effort to cash in on the office he is about to occupy again. Disclosed just days before…
During his first administration, President-elect Donald J. Trump’s global business empire created an unprecedented number of conflicts of interest for a sitting president. Ethics experts worried that opportunists could try to curry favor by booking stays at Mr. Trump’s network of hotels, golf clubs and other properties. Their predictions bore out: Foreign governments and lobbyists…
