$2-B Crypto Deal Gets Senate Spotlight: Warren Calls For Probe Into Trump Family
Based on reports, Senators Elizabeth Warren and Elissa Slotkin have asked three federal agencies to open probes into what they call a troubling $2 billion crypto transaction linked to US President Donald Trump’s family. Related Reading: WLFI Expands Into Payments: Debit Card + Apple Pay On The Way The letter, sent to the State Department, […]
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The Trump family has threatened legal action over trumpcoin, a cryptocurrency created in 2016 “to honor Donald J. Trump.” Eric Trump said that the crypto has nothing to do with the Trump family. “We do not authorize the use and we are in no way affiliated with this group. Legal action will be taken,” he said.
Trump Family Threatens Lawsuit Over Trumpcoin
Eric Trump, a son of the former president and a Trump Organization executive, tweeted about cryptocurrency trumpcoin Monday.
“Fraud Alert: It has come to our attention that....
U.S. Senator Elizabeth Warren criticized Bitcoin and cryptocurrencies yesterday in a Banking Senate Subcommittee hearing. In the hearing, Warren criticized the energy consumption that Bitcoin and other proof-of-work (PoW) cryptocurrencies need to operate. Warren also thinks cryptocurrencies are the “wild west” of investments and called for a regulatory crackdown on the industry. Some on social media were quick to bite back, however, pointing out Warren’s flawed logic and perceived hypocrisy. Senator Elizabeth Warren Takes on Bitcoin Senator Elizabeth Warren declared her....
Changpeng Zhao (CZ), the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has publicly refuted claims regarding potential investment discussions involving the Trump family and Binance’s American operations. This denial follows a report by the Wall Street Journal, which suggested that representatives of the Trump family have been in negotiations to acquire […]
US President Donald Trump’s son, Eric Trump, has shared some insight into his shift to the crypto industry, the problems with the traditional financial system, and how it was “weaponized” against the Trump family businesses. Related Reading: Solana’s Rally Gains Traction – Why Its Price Could Surge To New ATHs Trump Family Pushed Into Crypto […]
Bitcoin is likely gaining steam due to ongoing stimulus talks in the U.S. Reports indicate that President Trump wants politicians to agree on a stimulus deal larger than House Speaker Pelosi has pushed. The details on this latest development were scant. Whatever the case, analysts think this only accents Bitcoin’s value proposition. There is only 21 million Bitcoin that will ever be mined but theoretically, an infinite number of fiat dollars. President Trump Calls For […]