According to data compiled by S&P Global Market Intelligence, popular utility token Solana (CRYPTO: SOL) rose by almost 15% over that stretch -- and that was a modest gain compared to other cryptos. While they're certainly in a good position to do so -- particularly since the Republicans control both chambers of Congress -- there's always a fair distance between an administration's promises and actual implementation.
Gensler’s Gray Area: Will Trump Bring Clarity to Crypto?
Bond yields dipped for a third day on Friday, bringing some relief to investors after they watched the 10-year approach 5% in recent weeks.
In a September 2024 speech at the New York Economic Club, Trump said that, if elected, he would create a sovereign wealth fund to invest in "great national endeavors", including major infrastructure projects such as highways and airports. The Bloomberg report said Elon Musk and Stephen Feinberg, the billionaire co-founder of Cerberus Capital Management whom Trump has nominated as deputy defense secretary, are among those spearheading the discussion about using the DFC both more like a sovereign fund and as a tool to radically alter America's foreign aid strategy.
The stock awards, which will be issued in addition to year-end incentive awards, would be granted to employees earning an annual total compensation of up to $500,000, covering about 97% of the lender's global workforce. BofA had 213,193 staff at the end of 2024, which means the stock awards will amount to slightly over $1 billion. Earlier this week, BofA's fourth-quarter profit beat expectations, boosted by trading activity.
President-elect Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office, according to three people briefed on the plan. Trump, who courted crypto cash on the campaign trail with promises to be a "crypto president," is expected to sign an executive order creating a crypto advisory council, an idea he first floated in July, said two of the sources who requested anonymity to discuss private deliberations. Bloomberg News first reported on Thursday that Trump was planning to issue an executive order creating a crypto council, which would help advise the government on crypto-friendly policy.
Wall Street closed higher ahead of Trump's inauguration on Monday. Investors expect a flurry of executive orders, including on crypto and TikTok.
(Bloomberg) -- In the euphoric markets of 2024, the biggest sin was skepticism. A white-hot runup in risky assets made life miserable for anyone buying into the frenzy of fresh products that Wall Street was hawking to hedge and diversify.Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesThese Homes Withstood the LA Fires. Architects Explain WhyScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting Har
The executive order would make crypto a ‘national priority.’
Forcing prospective officials to divest crypto doesn't improve crypto policy, says Blockchain Association's Dan Spuller.
