What does Trump’s crypto support mean for Americans?
(TNND) — A tiny bit of shine came off bitcoin when Federal Reserve Chair Jerome Powell poured cold water on the idea of the U.S. government holding a cryptocurrency reserve.
But bitcoin is still riding high since Donald Trump won the White House.
Trump has voiced support for crypto and has picked crypto supporters for key roles within his administration.
Bitcoin was valued at about $69,000 on Election Day. In the weeks after Trump won the election, bitcoin surged above $100,000.
Trump spoke this summer at Bitcoin 2024, an industry conference, telling attendees that he wanted to make America the “crypto capital of the planet and the bitcoin superpower of the world.”
Some of his picks for key jobs within his administration, such as
