Trump’s new cryptocurrency bills fuel market record highs
“Bitcoin has now overtaken silver and Amazon to become the fifth-largest global asset, as investors increasingly see it as a complement to gold. With subdued retail activity, this rally is being led by ETFs, corporates, and long-term holders, not speculation.
“The United States is rapidly cementing its position as the global hub for digital asset investment.”
Donald Trump wants to make the US the crypto capital of the world.Credit: AP
By comparison, some Australian industry participants are becoming frustrated at what they perceive as a glacial pace of innovation. Labor has proposed licensing, sandbox, and stablecoin frameworks – bills that could look similar to the proposed US laws – but is yet to introduce draft…
