Global Stock News

Gillibrand, Centrist Crypto Allies Stymied by Trump Windfall

Gillibrand, Centrist Crypto Allies Stymied by Trump Windfall

Donald Trump is cleaning up on crypto, disclosing a $1.4 billion windfall last week. Yet cryptocurrencies like Bitcoin have, after a year of flying high in the wake of Trump’s election, plummeted.

The crypto industry is putting hopes for its revival in a long-awaited bill, under debate in the Senate, called the Clarity Act, which could open the doors to Wall Street investments.

But there is one thing ironically standing in its way: Trump’s giant crypto haul.

The naked self-enrichment has turned crypto into a prime example of presidential corruption.

The result is that even crypto’s most staunch Democratic allies will find it hard to back a crypto wishlist like the Clarity Act, which will need support from at least seven…

Source link

Share this article

Scroll to Top