Bitcoin ETF Decision Delayed Until After Trump Transition
By the time Cameron and Tyler Winklevoss receive a final decision from the SEC on their long-proposed bitcoin exchange-traded fund (ETF), a new president will be leading the US. Though an earlier 10th January deadline would have placed the decision by the SEC to approve or disapprove the Winklevoss brothers' request, paperwork filed today now extends the deadline to 11th March. While the extension isn't a surprise, one industry observer thinks the transition of power may have made it essential. Blockchain products lead at ARK Investment Management, Chris Burniske, said that SEC chair Mary....
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“A page in the book of history has turned, and there is an opening to think about some of our problems from a new perspective,” the gay Bitcoin enthusiast, Peter Thiel, who will serve on Donald J. Trump’s presidential transition team, told the New York Times after the election. “I’ll try to help the president in any way I can.” Since Donald J. Trump assumed the role of president-elect in last Tuesday’s U.S. election, much scrutiny has been put on his statements and team as the transition begins between President Obama and Mr. Trump. President-elect Trump appointed a litany of Republican....
Bitcoin is looking to retest its all-time high, near $20,000, as Donald Trump authorizes his administration to cooperate with president-elect Joe Biden's transition team.
US President-elect Donald Trump is, with the counsel of his transition team, in the process of putting together a list of individuals to form the incoming president’s cabinet and other prominent officials at the head of federal agencies. JPMorgan CEO Jamie Dimon is reportedly being considered for the job, a man who was once referred to Donald Trump as “the worst banker in the United States.” According to Reuters and CNBC sources, Trump’s advisors have suggested Jamie Dimon for the position of the country’s treasury secretary. One member of Trump’s transition team reportedly contacted Dimon....
There's been talk in the media of the Federal Election Commission potentially allowing Bitcoin donations to political campaigns. Not terribly long ago (earlier this month, in fact), we even reported on the topic. It looks like the decision to give the proposal the green light has been delayed, according to a Reddit submission on Thursday. The vote reportedly concluded with 3 in favor of allowing Bitcoin contributions, and of course, 3 not in favor. The commission at this point is apparently uncomfortable with their present understanding of Bitcoin, but will likely vote in favor and pass....
Just last week, Donald Trump was elected the 45th President of the United States of America in an electoral upset and unexpected victory against his opponent, former Secretary of State Hillary Clinton. In his first week as President-Elect, Trump started forming his transition team. On Friday, he officially added Peter Thiel to the team. What does this....