Trump | Crypto

The rumored nomination of Michael Selig follows the CFTC nomination process hitting a snag in September when Brian Quintenz was withdrawn. US President Donald Trump is planning to nominate Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), after pulling back the nomination of Brian Quintenz. Bloomberg reported the news on Friday, citing an unnamed Trump administration official. No official announcement has been made at the time of this writing. Selig currently serves as the Securities and Exchange Commission’s crypto task force chief counsel and senior adviser to SEC Chair Paul Atkins. He has been characterized as “pro-crypto” by some analysts and influencers in the crypto community, who celebrated the potential nomination. Read more

The rumored nomination of Michael Selig follows the CFTC nomination process hitting a snag in September when Brian Quintenz was withdrawn. US President Donald Trump is planning to nominate Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), after pulling back the nomination of Brian Quintenz. Bloomberg reported the news on Friday, citing an unnamed Trump administration official. No official announcement has been made at the time of this writing. Selig currently serves as the Securities and Exchange Commission’s crypto task force chief counsel and senior adviser to SEC Chair Paul Atkins. He has been characterized as “pro-crypto” by some analysts and influencers in the crypto community, who celebrated the potential nomination. Read more

The rumored nomination of Michael Selig follows the CFTC nomination process hitting a snag in September when Brian Quintenz was withdrawn. US President Donald Trump is planning to nominate Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), after pulling back the nomination of Brian Quintenz. Bloomberg reported the news on Friday, citing an unnamed Trump administration official. No official announcement has been made at the time of this writing. Selig currently serves as the Securities and Exchange Commission’s crypto task force chief counsel and senior adviser to SEC Chair Paul Atkins. He has been characterized as “pro-crypto” by some analysts and influencers in the crypto community, who celebrated the potential nomination. Read more

Following the pardon, CZ said he would do “everything we can to help make America the Capital of Crypto and advance Web3 worldwide.” US President Donald Trump said he pardoned Binance founder Changpeng “CZ” Zhao after lobbying and support by “a lot of people” that told him he wasn’t guilty.  CZ’s pardon was signed on Wednesday, and Binance confirmed the presidential order to Cointelegraph in a statement. During a press conference on Thursday, Trump said he chose to pardon the Binance founder because he “was recommended by a lot of people,” had a lot of support and “people say that he wasn’t guilty of anything.” Read more

The sharp rise in BNB’s price also has crypto traders speculating that altcoin season could be on the horizon. Crypto traders are expecting a significant rally for BNB in the coming weeks after US President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao. Zhao pleaded guilty in November 2023 to one count of failing to implement an adequate Anti-Money Laundering (AML) program at Binance, violating the Bank Secrecy Act.  The price of BNB (BNB) surged 3.6% to an intraday high of $1,121 just hours after The Wall Street Journal reported that Trump pardoned Zhao, following months of lobbying and appeals from the company and Zhao. Read more

Binance founder Changpeng Zhao confirmed in an Oct. 23 post on X that he has received a pardon from US President Donald Trump. He said: “Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice. Will do everything we can to help make America the Capital of Crypto […] The post Trump tariff short trader who made $200M correctly predicts Binance’s CZ pardon appeared first on CryptoSlate.

Bitcoin fielded fresh leveraged shorts on Thursday as whales appeared to bet on downside volatility around another announcement from US President Donald Trump. Key points: Bitcoin whales flip bearish on BTC price action hours before Trump makes another White House announcement. “Insider” market bets have featured prominently since Oct. 10, when Bitcoin hit $102,000 on Binance. Read more

Escalating tensions between the US and China, Trump digging in on tariffs and Bitcoin traders avoiding long leverage could push BTC price to new lows. Key takeaways:  Deteriorating US-China relations, US President Donald Trump’s recent tariff expansion and traders avoiding long leverage are adding pressure to Bitcoin’s downside.  Bitcoin could drop below $100,000, but analysts are hopeful that next week’s macroeconomic events will reverse the downtrend.   Read more

The de-escalation of tensions and growing odds of a trade deal between the US and China are positive price catalysts for cryptocurrencies. United States President Donald Trump confirmed on Sunday that he is meeting with China’s President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul, South Korea, slated to begin on October 31. “We're going to meet in a couple of weeks. We're going to meet in South Korea, with president Xi and other people, too,” Trump told Maria Bartiromo of Fox News, following a de-escalation of trade tensions between China and the US. Trump said on Sunday: Trump previously said there was “no reason” to meet Xi Jinping at the APEC summit in South Korea, followed by an announcement of additional trade tariffs on China, which sent crypto markets into a downward spiral, wiping away 99% of value on some altcoins. Read more

Representatives from Gemini, Ripple and Coinbase were reportedly in attendance at the fundraising dinner at the White House on Wednesday evening. US President Donald Trump hosted a dinner for companies pledging funds to build a new ballroom in the White House, with attendees reportedly including Gemini co-founders Cameron and Tyler Winklevoss, and executives from Coinbase and Ripple. According to a Wednesday Wall Street Journal report, among the donors and attendees of the dinner at the White House were the Winklevosses and representatives from Coinbase Global and Ripple Labs. The dinner was reported to be aimed at funding for the White House ballroom proposed by Trump in July, which was estimated to cost $250 million. The ballroom is projected to add about 90,000 square feet — 8,361 square meters — to the White House. Cointelegraph reached out to Coinbase, Ripple, Gemini and the White House for comment on the amount of the donations, but had not received a response at the time of publication. Read more

The trade war that once rattled global markets has returned, and Bitcoin is part of the battlefield this time. On Oct. 15, President Donald Trump declared that the United States was now in a trade war with China, saying: “We’re in a [trade war] now. We have 100% tariffs. If we didn’t have tariffs, we […] The post Bitcoin risks falling under $100,000 as Trump confirms US-China tradewar appeared first on CryptoSlate.

The Trump family’s crypto ventures have generated over $1 billion in profit, led by World Liberty Financial and memecoins including TRUMP and MELANIA. US President Donald Trump’s second term in office has coincided with an extraordinary increase in his personal wealth, much of it linked to a sprawling cryptocurrency empire built by the president and his family. According to a Financial Times investigation, Trump’s crypto ventures have generated more than $1 billion in pre-tax profit over the past year. Trump’s son, Eric, confirmed to the outlet that the family’s actual profits were “probably more.” At the center of this new fortune is World Liberty Financial, a crypto company founded by Trump’s sons and allies, which has sold billions of dollars in tokens and stablecoins. The project, whose website identifies President Donald Trump as “co-founder emeritus,” launched last year with plans for a crypto-lending app.  Read more

Asked by reporters whether the US is preparing for a trade war with China, US President Donald Trump responded: “Well, we’re in one now.” Update Oct 15, 10:55pm: This article has been updated to include comments from US Treasury Secretary Scott Bessent and the impact of tariffs on the Bitcoin mining industry. US President Donald Trump has confirmed the US is in an active trade war with China after threatening a 100% tariff on all Chinese imports last week. “Well, we’re in one now,” Trump said after being asked by White House reporters whether the US is preparing for a “sustained trade war with China.” ”If we didn’t have tariffs, we would be exposed as being a nothing, we would have no defense,” Trump explained, calling the tariffs an important measure for America’s national security. Read more

The bill, if passed, would codify US President Donald Trump's executive order allowing retirement plans to include "alternative assets," including cryptocurrencies. A lawmaker in the US House of Representatives has reportedly introduced a bill that would codify — make into law — an executive order by President Donald Trump allowing alternative assets such as cryptocurrencies to be included in 401(k) retirement accounts. Republican Representative Troy Downing introduced a draft bill in the House Financial Services Committee that would give Executive Order 14330 the force of law, Politico reported on Tuesday. The order, which Trump issued on Aug. 7, says every American preparing for retirement should have access to funds that include “alternative assets” when deemed appropriate by a plan fiduciary. Read more

At a London conference this week, Reform UK leader Nigel Farage cast himself as “your champion” for digital assets and sketched a platform that includes a flat 10% capital gains tax on crypto, creation of a roughly £5 billion state Bitcoin reserve anchored in seized coins, a halt to the Bank of England’s digital pound […] The post UK politics attempts to copy £5B Trump crypto script, without his levers or power appeared first on CryptoSlate.

Bitcoin price prediction: BTC nears $115K as Strategy buys $27M, Trump joins Bitcoin billionaires, and BlackRock’s $94B ETF fuels bullish momentum. The post Bitcoin Price Prediction: Trump, BlackRock, and Strategy Fuel Renewed Optimism as Bulls Target $122K appeared first on Cryptonews.

Rumors of insider trading dominated social media throughout the weekend as one wallet banked generational wealth in a single trade. Bitcoin price fell rapidly after President Trump posted plans on Friday to impose 100% tariffs on all Chinese imports effective Nov. 1. The market recovered on Monday as crypto derivatives reset and spot demand stabilized, […] The post The Big Bitcoin Short: This guy made $200M timing Trump’s tariff post perfectly appeared first on CryptoSlate.

Analysts say confusion over China’s export rules briefly rattled markets before Bitcoin miners led a swift recovery on Monday. Shares of Bitcoin mining companies rose sharply on Monday, recovering from losses sustained during Friday’s flash crash that analysts attributed to US President Donald Trump’s apparent misunderstanding of new Chinese export controls. Bitfarms (BITF) and Cipher Mining (CIFR) led the rally, each posting double-digit gains. Hut 8 Mining (HUT), IREN (IREN) and MARA Holdings (MARA) also climbed more than 4%, while Core Scientific (CORZ) and Riot Blockchain (RIOT) traded broadly higher at the start of the session. The rebound followed a steep sell-off on Friday after Trump announced plans to impose 100% tariffs on Chinese imports, stoking fears of an escalating trade war. The president’s comments, however, were later revealed to be based on a misunderstanding of China’s new export measures. Trump subsequently walked back his remarks over the weekend. Read more

Crypto-based funds attracted $3.17 billion in new capital, even as markets reeled from tariff-related tensions between the United States and China, according to CoinShares weekly report. On Oct. 10, President Donald Trump announced that the US could raise tariffs in response to China’s new rare-earth export restrictions. The statement triggered a broad sell-off across risk […] The post Trump’s tariff on China spurs record $10 billion volume for Bitcoin funds appeared first on CryptoSlate.

Over 1.66 million crypto traders were liquidated as the market experienced a sharp downturn, wiping out a staggering $19.33 billion in positions. The post Trump’s 100% China Tariff Triggers $20B Wipeout, 1.6M Crypto Traders Liquidated appeared first on Cryptonews.