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☆ Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring
▼ + stars: | 2024-11-18 | by ( Kevin Breuninger | ) www.nbcnews.com time to read: +1 min

Trump Media is reportedly in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks. Trump Media, which is majority-owned by President-elect Donald Trump, shot up by double digits minutes after the FT report was published. Trump Media has seen its market value rise and fall by billions of dollars in the run-up to the 2024 presidential election, as retail investors bet on the Republican’s momentum and political prospects. While Trump Media has reported a $363 million net loss on revenues of just $2.6 million so far this year, it boasts a market cap above $7 billion. A Trump Media spokeswoman did not immediately respond to CNBC’s request for comment.

Persons: “, ”, Donald Trump, Kelly Loeffler, Loeffler, Jeffrey Sprecher, Brian Kemp, Sen, Johnny Isakson, Democratic Sen, Raphael Warnock Organizations: Trump Media, Financial Times, President, Nasdaq, Intercontinental Exchange, New York Stock Exchange, Georgia Gov, U.S, Senate, Democratic

☆ Here are the perks Trump's top donors would receive during the Republican National Convention
▼ + stars: | 2024-05-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

ANAHEIM, CALIFORNIA - SEPTEMBER 29: Former U.S. President Donald Trump Former U.S. President Donald Trump speaks at the California GOP convention on September 29, 2023 in Anaheim, California. Presidential candidates set to speak at the convention include former President Donald Trump, Florida Gov. (Photo by David McNew/Getty Images)Former President Donald Trump's top donors are to be rewarded for supporting him while they attend the Republican National Convention in July, according to new documents reviewed by CNBC. A fundraising committee called Trump 47 is offering its donors "major investor convention benefits," according to a pamphlet. The document lists convention rewards for Trump 47 Committee donors who either raise up to $2.5 million or personally give between $24,000 and $844,600.

Persons: Donald Trump, Ron DeSantis, South Carolina Sen, Tim Scott, Vivek Ramaswamy, David McNew, Donald Trump's, Trump, Harley, Jeffrey Sprecher, Sen, Kelly Loeffler, Robert Mercer, Linda McMahon, Woody Johnson Organizations: U.S, Donald Trump Former U.S, California GOP, Florida Gov, Republican National Convention, CNBC, Trump, Republican National Committee, Republican, Donors, Fiserv, Davidson, Republicans, RNC, Intercontinental Exchange, Renaissance Technologies, Small Business Administration, New York Jets Locations: ANAHEIM, CALIFORNIA, California, Anaheim , California, Florida, South Carolina, Milwaukee

☆ Most crypto should be regulated as securities, NYSE-owner ICE's CEO says
▼ + stars: | 2022-12-06 | by ( John Mccrank | ) www.reuters.com time to read: +1 min

NEW YORK, Dec 6 (Reuters) - Most cryptocurrencies will likely be regulated under existing securities laws following crypto exchange FTX's collapse, and traditional players like the New York Stock Exchange may move into tokenized trading, the head of NYSE-owner Intercontinental Exchange Inc (ICE.N) said on Tuesday. "They're going to be regulated and dealt like securities," ICE Chief Executive Jeffrey Sprecher said of cryptocurrencies at a financial services conference by Goldman Sachs Group Inc (GS.N). "The laws already exist and I think they're just going to be implemented more strongly," Sprecher said. U.S. Securities and Exchange Commission Chair Gary Gensler has said he expects his agency to be the primary cryptocurrency regulator because he considers most crypto tokens to be securities. "We happen to run a securities exchange, so I could see us doing tokenized trading," ICE's Sprecher said, referencing the NYSE.

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