Political support leading to increasing fallout for crypto

Political support leading to increasing fallout for crypto

LONDON, United Kingdom – Support for cryptocurrencies from US President Donald Trump or Argentine leader Javier Milei has seen investors lose billions of dollars and is damaging a sector struggling for credibility, researchers told AFP. “The entire crypto industry is being tarnished,” said Claire Balva, strategy director for fintech company Deblock. Argentine prosecutors are reportedly

Crypto Industry Spends Millions to Hold GOP House Seats

💡Share this on Bluesky and XA cryptocurrency industry super PAC is dropping millions of dollars to help House Republicans hold two seats in Florida special elections on April 1. The spending from Defend American Jobs (DAJ) comes as the House GOP holds a narrow majority of five seats in the chamber, votes that will be critical as the caucus tries to pass major pieces of the Trump agenda, including legislation championed by the crypto industry fo…

An analysis of the Fintech company Deblock shows that political support often does not do well in cryptocurrencies. This is particularly evident from the example of the USA and Argentina. While US President Donald Trump announced a state crypto reserve, Bitcoin rate fell by six percent. Also Argentine President Javier Milei, known for his liberal attitude towards unregulated currency, contributed, according to Deblock strategy director Claire Ba…

Our President Javier Milei, with overwhelming adolescent joy, has told us that Donald Trump and Elon Musk are his friends.There are no friends or enemies in American culture.Only interests.But the ideological enthusiasm of our President leads him to think that these friendships are beneficial to the country.Americans despise obsequence and submission.They only respect courage and high intellectual capacity.During the Milei government, the U.S. J…

EU regulators warn crypto deregulation push in the US could fuel global financial risk

European financial regulators are warning that rising crypto-asset valuations, driven by expectations of US deregulation under President Donald Trump, could pose a growing threat to global financial stability. The Joint Committee of the European Supervisory Authorities (ESAs) raised the alarm in its Spring 2025 risk update, highlighting the destabilizing impact of geopolitical fragmentation, US policy…

Recent support for the cryptic world by influential individuals has resulted in losses of several billion dollars for investors, weakening a sector that still seeks legitimacy. Read more