2023-9-8 16:01 |
The politician faces harsh competition from pro-crypto candidates of all sorts, with his already shaky popularity in the polls declining.
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President-elect Donald Trump announced Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, as his nominee for Secretary of Commerce on Nov. 19. The decision positions Lutnick, a vocal proponent of protectionist trade measures and cryptocurrencies, at the helm of US economic policy, focused on tariffs and trade reform.
Would it be great if the U.S. started buying Bitcoin? Surely. The industry has political capital to cash in, but let’s use it wisely.
The world’s largest asset manager, BlackRock, has reportedly endorsed the idea of creating a US Strategic Bitcoin (BTC) Reserve as states and the Trump administration accelerate plans to institutionalize the digital asset.
Bitcoin Magazine Reports from Las Vegas, real-time election results powered by Stand with Crypto
Crypto-friendly politicians are making significant gains in the ongoing US elections, with early results indicating strong support for candidates who advocate for digital assets. In the House of Representatives, 220 pro-crypto candidates have been elected, surpassing the 106 elected who are against crypto initiatives, according to Stand With Crypto.
Bitcoin reached a new all-time high today, hitting $74,870. 20, as Donald Trump’s odds of winning the US presidential election surged to 97% on the prediction market. Bitcoin is currently trading at $74,331.
Outside of today’s Presidential Election, the crypto industry is significantly impacting the 2024 US Senate races by channeling substantial financial support to pro-cryptocurrency candidates, aiming to influence the legislative landscape.