The Trump family ties to the crypto industry are growing, Eric and Don Jr. apparently have a new gimmick up their sleeves.
. The reasons for this are obvious. In his race to re-take the White House, Trump needs all the help he can get—particularly. The crypto bros need someone who understands them . They say that, given another crack at the presidency, Trump would bring a light touch regulatory approach to their industry. That would be a welcome change of pace for them, given how the current administrationTrump has spent the past few weeks actively courting major players in the web3 space.
One thing’s for sure: the Trump-themed DJT token, allegedly launched by pharma bro ex-con Martin Shkreli, is currently in the toilet. Like, deep in the bowl. The value of the digital asset, dropping from a market capitalization of $55 million all the way down to $3 million. The plunge in value was preceded by the sell-off of $2 million worth of the coin from one particular wallet, leading to claims that the assetthat he and Trump’s 18-year-old son, Barron, developed DJT together.
The intensity of the lobbying may be due to crypto-stans’ growing fears of eventual extinction. Things are not going well in the “on the industry’s worst offenders, leveraging the FTC and the SEC to go after fraudulent practices and companies. Crypto bros clearly feel like they’re headed in the wrong direction, and they think Trump may be their last minute Hail Mary.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Price Tanks Hours After Trump Floats Using it as US Reserve AssetThe cryptocurrency plummeted amid global market turmoil after the former president suggested it could be used to pay off U.S. national debt.
Read more »
Melania Trump and Ivanka Trump appear at RNC to support Donald TrumpRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Read more »
Trump's 17-year-old granddaughter, Kai, speaks at RNCKai Trump is Donald Trump Jr.'s daughter, and Donald Trump's eldest grandchild.
Read more »
Melania Trump, Donald Trump Jr.: Full List of Trump Family Attending RNCA Friday report said the former first lady will join other Trump family members at next week's GOP convention.
Read more »
Trump-Themed ‘DJT’ Token, Issued by Martin Shkreli, Suddenly Dives 90%Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
Teacher's aide accuses San Gabriel school district of punishing her for 'Trump-themed' backpackAlyssa Esquivel claims she was eventually suspended without pay for wearing a 'Trump-themed' backpack to the San Gabriel school where she worked as a teacher's aide.
Read more »