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Trump Seizes on Crypto as 'Wedge Issue' as Donors Cheer Him On.

Authors :
Kharif, Olga
Lai, Stephanie
Source :
Bloomberg.com; 7/16/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Former President Donald Trump, who previously expressed skepticism about cryptocurrencies, has now embraced the industry as he seeks support for his potential second term. Trump's crypto policies are still being developed, but he has indicated a desire for a more hands-off approach from regulators and a focus on promoting Bitcoin mining in the US. The crypto industry hopes that Trump's support will resonate with voters, particularly younger demographics who are more likely to invest in cryptocurrencies. However, it remains to be seen how far Trump's embrace of digital assets will go, given the volatile nature of the crypto market. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
178457876