Trump's First Week Boosts Crypto Industry
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•Business
Business & Economics
Crypto industry gets quick return on Trump investment after pouring millions into campaign
76% Informative
Bitcoin hit a record high of around $109,000 on Monday and hovered near $ 105,000 by the end of the week .
Trump 's first week in office included executive orders, rule changes and pardons that pleased the crypto industry.
"I don't think they could have imagined a better outcome than they just got in the past 48 hours ," Benchmark 's Bill Gurley told CNBC .
The president pardoned Ross Ulbricht , a cult hero of sorts in the crypto community, on Tuesday .
The president also pardoned former Binance co- founder Changpeng Zhao , who was sentenced to four months in prison in April .
Lawmakers are concerned about the first family using their positions for enrichment, and the potential for "rug-pull" scams.
VR Score
75
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71
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English
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