Published 12 days ago • loading... • Updated 9 days ago

They helped Trump take back the White House. The rewards have come swiftly.

Trump's executive order allows the Federal Reserve to hold Bitcoin, marking a shift in U.S. Policy towards cryptocurrency, as noted by David Bailey, a Bitcoin investor.
Trump signed a memorandum declaring it U.S. Policy to support the full federal recognition of the Lumbee Tribe, aiming to gain their political support.
Teamsters President Sean O'Brien endorsed Lori Chavez-DeRemer for Secretary of Labor, significantly impacting union voting patterns.
Critics, including some from the cryptocurrency industry, raised concerns about Trump’s growing financial interests in digital assets and his commitment to specific groups.

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Raw Story

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Trump granting crypto oligarchs' 'deepest dreams' after their electoral backing: report

President Donald Trump was elected with the support of many big players in the cryptocurrency industry — and he is now paying them back in spades, CNN reported on Monday.Ever since getting back in the White House, reported CNN's Steve Contorno, Trump "has upended the federal government’s wary stance toward cryptocurrency just as he said he would." For example, "Earlier this month, he signed an executive order directing the Federal Reserve to hol…

9 days ago·United States

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Le Monde

Lean Left

"Many Silicon Valley figures saw Donald Trump's election as an opportunity"

In an interview with the "World", sociologist Olivier Alexandre explains that the rallying of tech leaders to Donald Trump is inter alia linked to tensions with the Democratic camp and Joe Biden's administration.

9 days ago·Paris, France

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KAVU

+5 Reposted by 5 other sources

Center

They helped Trump return to the White House and their reward came quickly.

David Bailey, a veteran investor and Bitcoin advocate, had some doubts in early 2024 when he first pitched Donald Trump's campaign about the political advantages of embracing cryptocurrencies. Even after Trump pledged…

10 days ago

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CNN

+3 Reposted by 3 other sources

Lean Left

They helped Trump take back the White House. The rewards have come swiftly.

Trump’s return to power was achieved in part through an unorthodox coalition-building strategy. He courted groups who might’ve been overlooked by Republican candidates, like Bitcoin enthusiasts, making direct appeals with policy promises tailored to specific audiences. Many of them are benefiting now.

10 days ago·Atlanta, United States

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The Podium Media

They Helped Trump Take Back The White House. The Rewards Have Come Swiftly. - Thepodiummedia

David Bailey, a longtime Bitcoin investor and evangelist, had tempered expectations in early 2024 when he first pitched Donald Trump’s campaign on the political upside of embracing cryptocurrency. Even after Trump pledged over the summer to make the US a Bitcoin haven and the industry spent tens of millions of dollars supporting his presidential bid, Bailey suspected Trump’s overture might be a fleeting appeal for crypto voters rather than a las…

9 days ago

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TECHTELEGRAPH

Gold Profits Could Be Key to Gov’t Bitcoin Play, Trump Crypto Chief Says - TECHTELEGRAPH

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Now that the Strategic Bitcoin Reserve (SBR) is a formal government policy, its administrators are scrambling for ways to build and potentially sustain the plan. With an order to use budget-neutral strategies to manage the reserve, Bo Hines, US President Donald Trump’s Executive Director on Digital Assets, suggests using gold certificates. Hines…

11 days ago

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