US Should Act On Bitcoin, Not Just Praise It, Ex-Advisor To Trump Says
The US government is sitting on roughly 378,372 Bitcoin worth more than $24 billion, according to data from Arkham Research. Yet more than a year after US President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, no new Bitcoin has been purchased. Related Reading: Iran’s Crypto Market Shaken As Outflows Skyrocket 700% The government has not gone beyond the digital assets it already held from criminal seizures. David Bailey, a former crypto advisor to the Trump administration, says that gap tells the whole story. Liking Is Not Enough: Bailey “Liking....
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A former top economic advisor to President Donald Trump and president of Goldman Sachs has shared his view about bitcoin. He claims that the cryptocurrency “lacks some of the basic integrity of a real market,” warning that it “may fail.” Gary Cohn Thinks Bitcoin May Fail Former White House chief economic advisor Gary Cohn said in an interview with Bloomberg’s Emily Chang, published Monday, that bitcoin “may fail.” Cohn served as president and chief operating officer of Goldman Sachs for 26 years. He left the firm in 2016 to become President Donald....
Tether, the USDT issuer, is making big changes to its operations, adding Bo Hines, a former crypto advisor to President Donald Trump, as CEO of its American division and launching a new dollar-pegged cryptocurrency designed specifically for US institutions. Tether’s New USAT Token Hines, who previously led the Presidential Council of Advisors for Digital Assets, […]
The recent remarks by leading US presidential candidate Donald Trump regarding Bitcoin’s potential role as a strategic reserve asset for the United States have ignited substantial discussions among policymakers, legal experts, and financial analysts. While Forbes reported on the potential move, it is David Bailey, CEO of Bitcoin Magazine and advisor to the Trump campaign, […]
According to reports, Eric Trump insists he has no formal connection to Tron’s Nasdaq listing plan, even though he is named as an advisor to the firm handling the deal. Related Reading: War Worries, Bitcoin Gains: Strategy Adds $1 Billion To Treasury His statement came after growing chatter about the overlap between politics and crypto. […]
Japanese firm Metaplanet secured shareholder approval to raise approximately $884M through the issuance of up to 550M new shares overseas. The funds raised are primarily earmarked for expanding Metaplanet’s Bitcoin holdings, and are spearheaded in large part by Eric Trump, son of US President Donald Trump, and a Metaplanet advisor. Even as Metaplanet prepares for […]