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☆ The crypto industry plowed tens of millions into the election. Now, it’s looking for a return on that investment
▼ + stars: | 2024-11-17 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

Crypto super PACs spent heavily on Republicans as well as key Democrats, including two who won open seats in the US Senate, Elissa Slotkin in Michigan and Ruben Gallego in Arizona. How Washington regulates the industry has enormous consequences for this burgeoning sector, along with the 52 million Americans who now hold digital assets. “The strategy is to have as many conversations with as many people in the Trump orbit as possible so that everyone has an understanding of what the crypto industry is most interested in,” she said. They also helped finance Fairshake, a crypto industry super PAC launched last year that was active in congressional contests. An industry super PAC spent $40 million to back to Republican Senate candidate Bernie Moreno in Ohio, who ousted three-term Democratic Sen. Sherrod Brown.

Persons: Donald Trump, Gary Gensler, Biden, Crypto, Elissa Slotkin, Ruben Gallego, Sam Bankman, “ Crypto, ” Kristin Smith, we’ll, that’s, ” Smith, ”, Smith, Dan Gallagher, Paul Atkins, Atkins, Gallagher, Bitcoin, Trump, –, It’s, Barron, Steve Witkoff, multibillionaire Elon Musk, Cantor Fitzgerald Howard Lutnick, Carlos Barria, Reuters Howard Lutnick, Cantor Fitzgerald, Marc Andreessen, Ben Horowitz –, Sergio Gor, Andreessen, “, Tyler, Cameron Winklevoss, Musk, Katie Porter, Massachusetts Sen, Elizabeth Warren, Porter, Adam Schiff, Bernie Moreno, Democratic Sen, Sherrod Brown, Brown, Moreno, Colin McLaren, ” Robert Weissman, Andreessen Horowitz, Kara Calvert, CNN’s David Wright Organizations: CNN, Trump, Securities, Exchange Commission, Industry, Crypto, Blockchain Association, SEC, Token Alliance, Liberty, Liberty Financial, of Government, Republican, Reuters, Venture, Biden, PAC, Democratic Rep, Democratic, Banking Committee, Commodities Futures Trading Commission, Cedar Innovation Foundation, Consumer, Public Citizen Locations: Washington, Michigan, Arizona, Madison, New York City, U.S, America, Bitcoin, Massachusetts, California, Ohio

For Brandon Mintz, it was the text messages and calls that started rolling in from friends and colleagues asking how high bitcoin prices could go. Strategic reserve could set off 'bitcoin space race'Under this idea, the U.S. would establish a “strategic bitcoin reserve,” like the ones it already maintains for gold and oil. A day later, Trump echoed the strategic reserve idea, though did not put a specific figure on it. On Nov. 6, Lummis posted on X in all-caps, “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE,” alongside two American flags. For crypto supporters, a strategic bitcoin reserve would send a signal to markets and countries alike about the digital token’s value.

Persons: Brandon Mintz, Lee Bratcher, Donald Trump’s, Bratcher, ”, Trump’s, ’, Mintz, ” Mintz, they’ve, ‘, Ric Edelman, ” Edelman, JP Richardson, Trump, Nicholas Percoco, ” Percoco, —, Robert F, Kennedy Jr, Human Services —, Sen, Cynthia Lummis, Lummis, David Bailey, Michael Terpin, “, ” Terpin, He’s Organizations: American Blockchain, Republican, Texas Blockchain, NBC News, FBI, Trump, Securities and Exchange Commission, Commodity Futures Trading Commission, Edelman Financial Services, Liberty, Strategic, Bitcoin Conference, Department of Health, Human Services, Social Security, BTC Inc, Bitcoin Locations: Texas, Dallas, Bitcoin, bitcoin, U.S, Nashville

☆ Analysis: A Trump bitcoin promise is what crypto fans once fought against. They love it anyway
▼ + stars: | 2024-11-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The crypto industry, an institution founded on the principle of getting the government’s greedy hands off the people’s currency, is booming. They may have finally convinced the government to get its hands on bitcoin. And second: He would create a national bitcoin reserve by preventing the government from selling the assets it has seized in criminal cases. I asked several experts this week about that apparent inconsistency in the crypto ethos. “This, by itself, represents an enormous symbolic win for the crypto industry that two years ago was being spoken of as dead in the water.”

Persons: CNN Business ’, Donald Trump, Faryar Shirzad, “, we’ve, ” Trump, ”, Sam Bankman, Trump, Gary Gensler, can’t, Gensler, Robert F, Kennedy Jr, Fort Knox ”, Sam, shouldn’t, Molly White, ’, Zeke Faux, ” Yesha Yadav Organizations: CNN Business, New York CNN, Securities and Exchange Commission, SEC, Vanderbilt University Locations: New York, Fort

☆ Coinbase, Robinhood CEOs say Trump administration will clear up crypto's regulatory muddle
▼ + stars: | 2024-11-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

"We have seen basically what people are calling the 'Trump Pump,'" Robinhood CEO Vlad Tenev said on "Squawk Box." Crypto markets have rallied sharply since the election of Trump, with bitcoin hitting record highs near $90,000. "There's widespread optimism that the Trump administration, which has stated that they wish to embrace cryptocurrencies and make America the center of cryptocurrency innovation worldwide, is going to have a much more forward-looking policy towards this new industry," Tenev continued. The Biden administration's Securities and Exchange Commission, led by Chairman Gary Gensler, took a combative stance toward crypto, with regulators taking legal action against several leading crypto firms, including Coinbase. But Trump appeared to welcome support from the crypto industry during his campaign, including speaking at the Bitcoin Conference earlier this year.

Persons: Donald Trump, Vlad Tenev, Trump, Tenev, Gary Gensler, Brian Armstrong Organizations: CNBC, Trump, Biden administration's Securities, Exchange Commission, Bitcoin Locations: America, U.S

☆ What Trump might do on Day One of his presidency
▼ + stars: | 2024-11-09 | by ( Bryan Metzger | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Trump has promised to do a variety of different things on "Day One" of his second term. "Many things will be done on day one," Trump said at a town hall with Tucker Carlson in Phoenix in late October. Trump has promised to issue several executive orders when he takes office, though some of them are likely to be challenged in court. "Day One" promises that Trump may not be able to fulfillSome "day one" commitments are simply not possible. AdvertisementAt times during the campaign, Trump pledged to "end inflation" just hours after taking office.

Persons: Trump, —, Donald Trump's, Tucker Carlson, Donald Trump, Joe Biden, Jack Smith, pardoning, Smith, Hugh Hewitt, Gary Gensler, Gensler, Biden Organizations: Service, Social Security, White, American Civil Liberties Union, Republican, Department, Securities and Exchange Commission, Federal Reserve, Fed Locations: Phoenix, Wisconsin

Leading the way was Trump Media and Technology Group (TMTG), the company that owns the Truth Social media platform. Shares of Tesla, the electric automaker owned by Elon Musk, also saw a sizable gain — up 12%. Finally, the price of bitcoin saw an increase of 6.5%, briefly touching an all-time-high of more than $75,000. Trump served as keynote speaker at this year's annual Bitcoin conference in Nashville. Trump has generally pledged to extend or enact major tax cuts while loosening regulations, something that the business community is set to embrace.

Persons: Donald Trump —, Trump, Elon Musk, Musk, Kamala Harris, Isaac Boltansky Organizations: Trump Media, Technology, Social, TMTG, Tesla, Elon, Democratic, Trump Locations: Nashville

☆ Trump claims presidential win. Here is what he promised the crypto industry ahead of the election
▼ + stars: | 2024-11-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Getting that money required him to make big promises pertaining to the crypto industry. "For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin," Trump said during his keynote speech. Trump pledged to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals. "On day one, I will fire Gary Gensler," Trump said, referencing the Joe Biden-appointed SEC chairman who has taken an aggressive approach to crypto regulation.

Persons: Donald Trump, Joe Raedle, Elon Musk, Robert F, Kennedy, Jr, Cantor Fitzgerald, Howard Lutnick, Trump, MicroStrategy, Gary Gensler, Joe Biden, Gensler, Crypto, haven't, Sen, Elizabeth Warren, Bitcoin, Jerome Powell Organizations: Trump National Doral Golf Club, Getty, Republican, Strategic, White, U.S . Marshals Service, U.S . Securities, Exchange, SEC, Trump, Lago Club, Riot, Marathon Digital Holdings, Radical Communist, Federal Reserve Locations: Doral , Florida, Nashville, United States of America, Germany, America, Palm Beach , Florida, China, Russia, USA

☆ These stocks are soaring off the Trump victory
▼ + stars: | 2024-11-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That would mark a reversal from the Biden administration, which allowed migrants seeking asylum to legally work in the country while awaiting trial. A Trump administration is expected to approve Capital One's proposed merger with Discover Financial Services. Andrew Caballero-Reynolds/AFP/Getty ImagesGenerally, a Trump administration is expected to be more supportive of mergers and acquisitions compared to the Biden administration, which has sought to block many. Retail and green energy stocks falterWednesday wasn’t all good news for stocks, though. Trump is widely expected to repeal tax credits and other incentives President Joe Biden pushed for in the Inflation Reduction Act.

Persons: Donald Trump’s, Biden, It’s, Trump, Tesla Elon, Tesla, Donald Trump's, Elon Musk, Trump . Thibaut Durand, Hans Lucas, JPMorgan Chase, Jamie Dimon, Michael Barr, Goldman Sachs, Andrew Caballero, Reynolds, bitcoin, Joe Biden Organizations: New, New York CNN, Prisons, GEO Group, SpaceX, Trump ., Getty, Bank, JPMorgan, Federal, Citigroup, Discover Financial Services, Capital, Republican, JetBlue, Spirit Airlines, Trump, Mattel, Hasbro Locations: New York, AFP

☆ Bitcoin is on a tear as 'crypto president' Trump's betting-market odds climb
▼ + stars: | 2024-10-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Bitcoin has surged 12% as Trump's election odds in betting markets began rising in mid-September. Trump's crypto-friendly stance has boosted investor enthusiasm for bitcoin as his betting odds rise. According to the betting website Polymarket, Trump's odds of winning the Presidential election in November bottomed on September 18. Bernstein analyst Gautam Chhugani said last month that a Trump win could be monumental for the crypto industry. Bitcoin might be ultimately front-running a potential Trump win in November, with the cryptocurrency up 59% year-to-date.

Persons: Bitcoin, bitcoin, —, Donald Trump, Trump, Kamala Harris, bettors, Stanley Druckenmiller, Bernstein, Gautam Chhugani, Chhugani, He's, he'd Organizations: Trump, Service, Billionaire, Bloomberg, Conference, Bitcoin Conference, Liberty Locations: United States

☆ Trump PAC has raised about $7.5 million in crypto donations since early June
▼ + stars: | 2024-10-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Adam Gray | Afp | Getty ImagesA political action committee supporting former President Donald Trump has raised about $7.5 million in cryptocurrencies. The PAC said the latest filing covered donations in the period of July 1 through Sept. 30, but numbers included cumulative contributions. At least 18 donors gave more than $5.5 million in bitcoin to Trump 47, the filing shows. Trump said in his keynote that his campaign had raised $25 million from the crypto industry, though he didn't specify the split between digital tokens and dollar donations. Among the new donors is Chase Herro, one of the co-founders of the Trump family's new crypto project World Liberty Financial.

Persons: Eric Trump, Donald Trump, Donald Trump , Jr, Adam Gray, Andreessen Horowitz, Lockheed Martin, David Bailey, bitcoin . Bailey, indoctrinated Trump, Trump, Chase Herro, Mike Belshe, Brian Murray, Craft, David Sacks, Trevor Traina, Bruce Fenton, Gary Cardone, Stuart Alderoty, Alderoty, Sacks, Chris Larsen, Kamala Harris, Forward, Larsen, Gary Gensler, Biden, Marvin Ammori, Tyler, Cameron Winklevoss Organizations: Republican, World Trade, Afp, Getty, Trump, U.S, GOP, PAC, Public Citizen, Lockheed, Duthie Power Services, Esperanza Entertainment, BTC Inc, Liberty Financial, Craft Ventures, Kresus Labs, Chainstone, Cardone Digital Ventures, CNBC, White, SEC, Biden, Harris Locations: New York City, cryptocurrencies, Puerto Rico, bitcoin ., Nashville, bitcoin, XRP, San Francisco, Harris, Bay

☆ Harris PAC's $1 million contribution from Ripple's Chris Larsen shows crypto industry warming to VP
▼ + stars: | 2024-10-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

In total, Larsen has given around $1.9 million to support Harris' campaign directly and through PACs, according to FEC data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. "What we've had to date has been almost like purposeful chaos by Gensler to kind of crush the domestic industry," Larsen said. Horowitz said that he and his wife, Felicia, "have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time." On Monday, the Harris campaign unveiled its "Opportunity Agenda for Black Men" in a report.

Persons: Chris Larsen, Donald Trump's, Chris Larsen isn't, Ripple, Kamala Harris, Larsen, who's, Harris, he's, Biden, " Larsen, isn't, James Delmore, that's, Evelyn Hockstein, Andreessen Horowitz, Trump, keynoted, Josh Shapiro, John Deaton, Massachusetts Republican who's, Democratic Sen, Elizabeth Warren, Nancy Pelosi, Gary Gensler, Brad Garlinghouse, Marvin Ammori, Skybridge Capital's Anthony Scaramucci, Scaramucci, Warren, Ben Horowitz, Marc Andreessen, Horowitz, Felicia, Delmore Organizations: YouTube, White, CNBC, Biden, Democratic, Harris, Fund, Forbes, Public Citizen, U.S, Erie International Airport, Democratic Pennsylvania Gov, Massachusetts Republican, Nancy Pelosi Victory Fund, Biden PAC, SEC, Trump, Ripple, White House, Sen Locations: Bay, Erie , Pennsylvania, U.S, Nashville , Tennessee, Massachusetts, Washington ,, New York

☆ Former FTX exec starts prison sentence with LinkedIn post about a 'new position'
▼ + stars: | 2024-10-10 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Former FTX executive Ryan Salame is heading to prison on Friday. A judge ordered Salame to 7.5 years in prison earlier this year for his role in FTX's collapse. AdvertisementFormer FTX executive Ryan Salame prepared to start his 7 ½ year prison sentence with one final Very Online post. "I'm happy to share that I'm starting a new position as Inmate at FCI Cumberland," Salame posted on Wednesday. Salame's prison start date was delayed several times after a dog bit him.

Persons: Ryan Salame, —, Sam Bankman, Salame, Caroline Ellison, Gary Wang, Nishad Singh, Donald Trump, He's, Michelle Bond, Lewis Kaplan Organizations: LinkedIn, Service, Prosecutors, Alameda Research, FTX's, Republican Locations: Cumberland , Maryland, Cumberland, Alameda, Nashville

☆ A new documentary claims to have found Satoshi Nakamoto, the mysterious founder of bitcoin
▼ + stars: | 2024-10-08 | by ( Jon Sarlin | ) edition.cnn.com time to read: +13 min

CNN —The identity of bitcoin creator Satoshi Nakamoto has long been one of the biggest mysteries of the internet age. Yet the man that director Cullen Hoback’s film names as the 2009 founder of bitcoin is denying he is Satoshi Nakamoto. “For the record, I’m not Satoshi,” Peter Todd, a bitcoin core developer, told CNN in a statement. Hoback’s evidence includes a 2010 bitcoin message board post from Todd that he concludes was written by Satoshi Nakamoto. I gave Peter Todd every opportunity to contradict the claims, to explain the claims.

Persons: Satoshi Nakamoto, ”, Cullen Hoback’s, bitcoin, ” Peter Todd, Todd, “ Cullen, “ Peter, ” Hoback, Hoback, Satoshi Nakamoto’s, he’s, Cullen Hoback, You’re, Satoshi, It’s, Craig Wright, They’re, you’ve, Peter Todd, I’ve, Adam Back, Adam, Peter, Roger Ver, Let’s, Peter Todd’s, ” Todd, I’m, Todd “, ” “ He’s, “ Peter’s Organizations: CNN, HBO, Warner Bros ., ” CNN, Newsweek Locations: Latvia, Satoshi’s

☆ 2024 Election: Crypto Bros Could Swing Votes Toward Kamala or Trump
▼ + stars: | 2024-09-30 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Trump and Harris have different reasons to try to attract the crypto community — donors, voters, the fact that the former president likes anyone who flatters him, etc. All of Trump's courting of the crypto industry is possible because Democrats left open an opportunity for him to pounce. In September, he unveiled his own crypto venture, World Liberty Financial. The crypto industry doesn't mind the attention it's getting from policymakers. What Harris or Trump will actually do on crypto is unclear, but that's not really the point right now.

Persons: cryptocurrency, Crypto, Sen, Katie Porter, Jamaal Bowman, Sherrod Brown's, Bernie Moreno, Donald Trump, Kamala Harris, Trump, Harris, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Cameron, Tyler Winklevoss, He's, Adam Kovacevich, Joe Biden's, Gary Gensler, Lina Khan, Biden, Sheila Warren, Brian Hughes, Elizabeth Warren, Jon Tester, Bernie Sanders, Barron, it's, Robert Weissman, he's, She's, Chuck Schumer, Jared Polis of, Anthony Scaramucci, Mark Cuban, Ron Conway, Sherrod Brown, Kamala, she's, Rachael Horwitz, " Horwitz, Harris hasn't, Molly White, Horwitz, It's, There's, Weissman, Dan Cassino, Khan, Warren, that's, Emily Stewart Organizations: Democratic, Sherrod Brown's Republican, Gemini, Facebook, Trump, GOP, Republican, of, Democrats, Securities and Exchange, Federal Trade Commission, Crypto, Innovation, Liberty Financial, Public Citizen, Financial Times, Politico, Gov, Jared Polis of Colorado, Wall Street, Haun Ventures, Fairleigh Dickinson University, Capitol Hill, SEC, FTC, Chamber, Business Locations: Ohio, Wisconsin, Nashville, United States, Silicon Valley, That's, California, New York, America, bitcoin, Washington

☆ Why Kamala Harris and Donald Trump Are Courting the Crypto Crowd
▼ + stars: | 2024-09-30 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Trump and Harris have different reasons to try to attract the crypto community — donors, voters, the fact that the former president likes anyone who flatters him, etc. All of Trump's courting of the crypto industry is possible because Democrats left open an opportunity for him to pounce. Related storiesWhile Molly White, a crypto researcher and critic, described Harris' recent statements about crypto as "middle of the road," she said she thought the crypto industry was "definitely taking an optimistic view." The crypto industry doesn't mind the attention it's getting from policymakers. What Harris or Trump will actually do on crypto is unclear, but that's not really the point right now.

☆ Barclays playbook for the election: Stocks that win under Trump or Harris
▼ + stars: | 2024-09-22 | by ( Pia Singh | In | ) www.cnbc.com time to read: +5 min

Stocks ranging from L3Harris to Burlington could benefit from either a Trump or Harris victory this fall, according to Barclays. The analyst highlighted several overweight-rated stocks the firm expects are best-positioned to benefit from either a Trump or Harris election victory. Defense contractor L3Harris Technologies is another Trump election play. The stock, which is up about 9.1% this year, could gain another 15.4%, according to Barclay's price target. Barclays' price target of $327 implies 20.6% potential upside.

Persons: Harris, Terence Malone, Malone, Donald Trump, Kamala Harris, Trump, Gary Gensler, Bitcoin, Bernstein, Centene, bode, homebuilder D.R, Horton Organizations: Trump, Barclays, Bitcoin, Securities, Exchange, Liberty, Wednesday, Defense, L3Harris Technologies, UnitedHealth, Biden, Democratic Party, Affordable, Burlington Locations: L3Harris, Burlington, Nashville, MicroStrategy, U.S, It's

Former US President Donald Trump speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Cryptocurrency insiders downplayed the potential impact of the U.S. presidential election in November on the market here in the Lion City, even though some also said that former President Donald Trump is seen as more crypto-friendly. Anthony Scaramucci, founder and managing partner of SkyBridge Capital, a global alternative investment firm, predicted that if Harris were to win the election, her handling of crypto regulation would largely be the same as Trump. The Trump family recently launched a new crypto project called World Liberty Financial. Goals set by those involved in the project suggest that it will resemble a crypto banking platform.

Persons: Donald Trump, Kamala, Harris, Trump, Charles Hoskinson, CNBC's, Hoskinson, it's, Anthony Scaramucci, Scaramucci Organizations: Bloomberg, Getty, SINGAPORE, U.S, Trump, Bitcoin Conference, European Union, SkyBridge, Liberty Locations: Nashville , Tennessee, Lion City, TOKEN2049, Singapore, Nashville, U.S ., U.S

☆ Bitcoin could soon hit six figures regardless of who wins U.S. election, investors say
▼ + stars: | 2024-09-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. It helps that bitcoin became more institutionalized than ever this year with the introduction of U.S. bitcoin exchange traded funds. "If Trump wins in November, will there be an immediate pump? If Harris wins, could there be some immediate sell pressure? Although there are concerns thanks to the Biden administration's position on bitcoin, "I would remind investors ... that bitcoin did great," under the current adminustration, Lubka added.

Persons: That's, Donald Trump's, Steven Lubka, Bitcoin, Lubka, Kamala Harris, James Davies, bitcoin, " Davies, hasn't, Harris, Biden, Tyrone Ross, Trump, Bernstein, Swan Bitcoin, Elizabeth Warren, Gary Gensler, … Organizations: U.S, Swan, Exchange, Investors, Conference, Republican, Trump, Securities Locations: United States, Japan, Nashville, bitcoin

☆ Chinese-Owned Bitcoin Mines Are Using up America's Energy, Electricity
▼ + stars: | 2024-09-10 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +13 min

Concerns about the use of cryptocurrencies for illegal activity resulted in an effective ban on crypto mining and transactions. After a massive public outcry at the end of 2021, mining companies in Kazakhstan were effectively cut off from the grid. Today, the US makes up about 40% of the global hashrate — up from 17% during China's 2021 peak — making America the biggest hub for bitcoin mining. However, in recent years, bitcoin mining has become increasingly concentrated in the hands of a small number of private companies. Given how much energy bitcoin mining consumes, it's worth questioning whether its presence in the US is really worth the trade-off.

Persons: Xi Jinping, Zoe Liu, hasn't, pushback, haven't, Jeremy Fisher, Fisher, Gladys Anderson, Kelley Sayre, Stephanie Marsh, Marsh, Gavin Newsom, would've, Donald Trump, Trump, Satoshi Nakamoto, Saifedean Ammous, Cheyanne Diehl, wasn't, Biden, Joe Biden, Liu Pengyu, America Organizations: Council, Foreign Relations, Mining, Cambridge, Goodyear, Sierra, Environmental, New York Times, Tech, Gov, Securities and Exchange Commission, July's Bitcoin, SEC, National Bureau of Economic Research, Inc, Nasdaq, Embassy, EV, Sierra Club, City Council, Digital Locations: China, Kazakhstan, America, Utah, West Virginia, Akron , Ohio, Rockdale , Texas, Murphy , North Carolina, Massillon , Ohio, Bono , Arkansas, Vilonia , Arkansas, Akron, California, Nashville, Massillon, Ohio, Chinese, Massillon's City, In Arkansas, Wyoming, Washington, Harrison , Arkansas

☆ The new Trump trade is bitcoin, price could top $80,000 if he wins election, according to Bernstein
▼ + stars: | 2024-09-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

As November's Election Day draws nearer, so does bitcoin's eventual breakout from this year's narrow trading range, according to Bernstein. "We expect bitcoin to claim back new highs, in case of a Trump win and by Q4, we expect bitcoin to reach close to $80,000-$90,000 range. However, if Harris wins, we expect bitcoin to break the current floor around $50,000 and test the $30,000-$40,000 range, which it was when the bitcoin ETF momentum started in Q4'2023." BTC.CM= YTD mountain Bitcoin year-to-date Standard Chartered has forecast a bitcoin rally to $150,000 if Trump wins. "After last 3 years of regulatory purge, a positive crypto regulatory policy, can spur innovation once again and bring the users back to financial products on the blockchain."

Persons: Bernstein, Donald Trump, Kamala Harris, Gautam Chhugani, Harris, Trump, Gary Gensler, Chhugani, Massachusetts Sen, Elizabeth Warren's, TD Cowen, Joe Biden's Organizations: Trump, Securities, Exchange, Democratic Locations: —, U.S, Q4'2023, Nashville, Massachusetts

☆ How Trump was 'orange-pilled' by three bitcoiners in Puerto Rico and the promise of $100 million
▼ + stars: | 2024-08-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Earlier this year, Bailey promised to turn out $100 million and 5 million votes for Trump. Hoyos-López, Bailey's neighbor, had been recently orange-pilled, and was anxious to help out any way she could in getting Trump to Nashville. At the conference, Hoyos-López, Fabiano and Bailey worked to stage a second roundtable with Trump. To Fabiano, Bailey, and Hoyos-López, the stakes couldn't possibly be higher, as Democratic nominee Kamala Harris gains momentum in the polls. Less than a week after leaving Nashville, Fabiano, Hoyos-López and Bailey were back together closer to home to process all that had happened.

Persons: Dolly Parton, Donald Trump, Trump, conferencegoers who'd, Harris, Gary Gensler, CNBC hasn't, Keanu Reeves, Amanda Fabiano, Tracy Hoyos, David Bailey, Bailey, Fabiano, David, I've, Nashville ., Amanda, Hoyos, López, She's, Donald Trump's, Jon Cherry, He'd, Sen, Elizabeth Warren, Michael Saylor, he's, Emily, " Hoyos, Paul Grewal, Cantor Fitzgerald, Howard Lutnick, Rock, Billy Ray Cyrus, bitcoiner Tracy Hoyos, López Trump, Kamala Harris, she's, bitcoiners, Lopez Organizations: Broadway, Music City Center, Republican, Biden, SEC, CNBC, Washington Post, The Washington Post, BTC Inc, Trump, Wall Street, Miners, Lago, Music City, Getty, Riot, Marathon Digital Holdings, Scientific, Solana, Libertarian National Convention, Bitcoin, Mar, Nashville, Bitcoin Conference, Trump White Locations: NASHVILLE, Tenn, —, USA, Nashville, Puerto Rico, Nashville , TN, California, Guaynabo, San Juan, Manhattan, Trump, bitcoin, Egypt, New York, Palm Beach , Florida, Nashville , Tennessee, China, America, San Francisco, López, Japan, Hoyos, U.S, American, Puerto Rican

watch nowAs the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to try and influence the results. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a report this week from the nonprofit watchdog group Public Citizen. More than 90% of the corporate crypto cash that's been raised was brought in this election cycle. Public Citizen's report found that of the 42 primary races that attracted money from crypto-backed super PACs, the candidate picked by the crypto industry won 36. "When Fairshake and its affiliates spend money to influence races, either by attacking crypto skeptics or boosting crypto supporters, the ads don't mention crypto at all," said Claypool.

Persons: Biden, Donald Trump, Rick Claypool, Coinbase, Andreessen Horowitz, Crypto, Brian Armstrong, Fairshake, It's, Claypool, Chuck Schumer, Kamala Harris's, Joe Biden, Harris, Faryar Shirzad, Trump, CNBC hasn't Organizations: Public Citizen, Securities and Exchange Commission, Republican, Senate, Supreme, Citizens, Federal, PAC, Public, CNBC, Trump, White Locations: Nashville , Tennessee, New York, California, cryptocurrencies, San Francisco, Nashville, United States

☆ Schumer says a crypto bill can pass Senate this year; key Dems join 'Crypto4Harris' call
▼ + stars: | 2024-08-14 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Stabenow chairs the Senate Agriculture Committee, where a bipartisan crypto bill is working its way through the committee. Because we all support Vice President Kamala Harris to be our next president, and we all believe in the future of crypto," said Schumer. But Stabenow's presence with Schumer at Wednesday's town hall could be a hint that Schumer is leaning towards Stabenow's legislation. Republican presidential nominee Donald Trump is newly catering to the crypto sector in public addresses on the campaign trail. "I think we're going to hear from Vice President Harris soon on this.

Persons: Chuck Schumer, Kamala Harris, Saul Loeb, Schumer, Mark Cuban, Kristen Gillibrand, Debbie Stabenow, Stabenow, Elissa Slotkin, Adam Schiff, Jared Polis, Wiley Nickel, Crypto, Sheila Warren, Harris, Gillibrand, Donald Trump, Ro Khanna, Nickel, we've Organizations: Senate, AFP, Getty, Democratic, New, Agriculture, California ., California . Colorado Gov, Rep, Republicans, Capitol, Crypto, Innovation, Democrats, Financial Innovation, Technology, Republican, CNBC Locations: Washington , DC, Michigan, California, California . Colorado, N.C, United States, Wednesday's, Nashville , Tennessee, Tennessee

☆ How ‘Deepfake Elon Musk’ Became the Internet’s Biggest Scammer
▼ + stars: | 2024-08-14 | by ( Stuart A. Thompson | ) www.nytimes.com time to read: +13 min

How ‘Deepfake Elon Musk’ Became the Internet’s Biggest Scammer An A.I.-powered version of Mr. Musk has appeared in thousands of inauthentic ads, contributing to billions in fraud. Mr. Beauchamp, an 82-year-old retiree, saw a video late last year of Mr. Musk endorsing a radical investment opportunity that promised rapid returns. “I mean, the picture of him — it was him,” Mr. Beauchamp said about the video he saw of Mr. Musk. Original A.I. Audio Original Original A.I.

Persons: ‘ Deepfake Elon, Musk, Steve Beauchamp, Elon, Beauchamp, —, ” Mr, ‘ Pick, ’ that’s, “ It’s, ”, Francesco Cavalli, Scammers, Thorold Barker, Sensity, Warren Buffett, Jeff Bezos, “ Elon, Donald J, Trump, Elon Musk, Andrew Forrest, scammers, Lou Steinberg, Cavalli, Eastern Europe — cobble, “ There’s, Molly White, Finn Brunton, Davis, “ I’m Organizations: A.I, Deloitte, Wall, Street, Amazon, India, Facebook, YouTube, Better Business Bureau, CNET, Meta, Hong Kong’s Securities, Futures Commission, Federal Trade Commission, Federal Bureau of Investigations, TED, Fox News, Eastern Europe —, Tesla, University of California, CNN, New York Times, Magna, The New York Times, Better Locations: Sensity, India, Russia, China, Eastern Europe, Ontario, Canada

LAS VEGAS — At the largest hacker conference in the world this week, some turned out for a rare overtly partisan event: a fundraiser for presumptive Democratic presidential nominee Kamala Harris. Organizers said the “Hackers for Harris” event, held late Thursday afternoon in a convention center bar at DEF CON, brought in more than $150,000 in pledged donations — a small amount compared to Harris’ recent hauls, but the largest political fundraiser in the conference’s 31-year-history. The hackers’ enthusiasm for Harris contrasts with how much a different tech sector, the cryptocurrency industry, has embraced former President Donald Trump. Some of Trump’s allies drastically misrepresented DEF CON’s findings about election cybersecurity in their failed attempts to prove he had actually won the 2020 election. Last year, Rep. Andy Biggs, R-Ariz., introduced a failed amendment to stop paying the salary of a relatively unknown career CISA election cybersecurity official.

Persons: Kamala Harris, Harris, Kemba Walden, Trump, Joe Biden’s, Jake Braun, “, Biden, ” Walden, Hillary, Donald Trump, cryptocurrency, Chris Krebs, Andy Biggs, gutting CISA, Walden, —, unapologetically, ” Organizations: VEGAS, Democratic, DEF CON, Biden, DEF, White, NBC News, POLITICO, Republican, Infrastructure Security Agency, U.S, Heritage Foundation

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