Early Crypto Traders Had Speedy Profit on Trump Coin as Others Suffered Losses
Some traders made tens of millions off a new cryptocurrency launched by President Trump and his sons. Many others lost out.
Posted inBanking and Financial Institutions Exchange Traded Funds Securities and Commodities Violations Securities and Exchange Commission Social Media Trump Media & Technology Group Truth Social (Social Network) United States Politics and Government Virtual Currency
Trump Media Is Moving Into the Financial Services Industry
The parent company of Truth Social said it had applied for trademarks for investment products that would allow supporters to invest in the “patriotic economy.”
Posted inAppointments and Executive Changes Gensler, Gary S Peirce, Hester Regulation and Deregulation of Industry Securities and Commodities Violations Securities and Exchange Commission Trump, Donald J Virtual Currency
S.E.C. Moves to Scale Back Its Crypto Enforcement Efforts
Some in a special unit of 50 lawyers and staff members that had been assigned to regulate cryptocurrency are being reassigned in the agency.
Posted inPresidential Election of 2024 Trump, Donald J Trump, Eric F (1984- ) Trump, Melania United States Politics and Government Virtual Currency
Trump’s Crypto Venture Divides the Industry He Aims to Support
The president’s promotion of a speculative digital coin left some crypto investors feeling blindsided, while others saw it as a gimmick that undermined the industry’s credibility.