The crypto industry got its champion in Donald Trump. Once he doubted blockchain, Trump embraced the industry after the company as Coinbase And Ripple contributed tens of millions of dollars to choose pro-crypto candidates during the last election cycle. Trump began to pass the speaking parts rarely heard outside Crystal Twitter, as the final call of “Operation Chokepoint 2.0“And the release of the founder of the Silk Ross Road Ulbricht – back after returning to Bitcoin as a” scam “a few years ago.
It's okay to say that, for a lot of business, the first few months of the Trump administration have not gone according to plan. After figures from Marc Andreessen to Bill Ackman announce that the new time would bring about the age of economic activity, Trump's emphasis on composing his tax agenda has brought public offensive versions. And even FTC boogey-woman Lina would have dreamed of such a good pause for shopping.
Crystal is still an important exception to chaos. Trump has been able to fulfill almost every one of his campaign promises, from establishing a government -held government -held bitcoin arrested from law enforcement activities to pardon “Tread Pirate” Ulbricht, who was serving two life sentences – immediately dream of a freedom pipe. At the same time, key housing committees and the Senate have promoted their versions of the bill to establish stablecoins, a cryptocurrency -backed cryptocurrency. Laws that can adjust the security government to allow crypto operations are not too far behind.
In the middle of this agenda is David Sacks, a heavy weight that Trump hit like Crypto & Ai Czar, and Bo Hines, a 29 -year -old candidate, a double -sided candidate. The sacks, though not known for its crypto investment, were well considered before the appointment. Hines, however, came as a complete surprise for almost everyone.
Jessica Mathews and I have New Profiles About hines. The inspiration was receiving his calendar through the Freedom of Information request, which revealed that Hines had been meeting with everyone key in the crypto industry during his first months in the Trump administration, from Chris Dixon of A16Z and Marc Andreessen to Bny Mellon's Caroline Butler.
We had the opportunity to interview Hines in DC near his office near the White House, where the former football recipient described his journey in the fragile industry and his important role as a link between each interest group, from the company to the architects to Trump himself. We also have new information on Hines's own relationship to the Trump cycle, as well as its investment and marketing company that contributed to the $ 1 million political advertisement per week linked to Trump Pac before the election.
But despite the development of Trump's Crystal Strategy, disgusted with Hines, there is a future question. The most important barrier to the industry remains to convince the public that crypto is not a scam. Trump's release of his own memecoin over the weekend before his launch, which has since diminished almost 90%, has not stirred any confidence. That is not to mention its financial project of the Independence World, which is full of concerns about the conflict of interest.
Recent economic jitters caused by the Trump tax plan have further enhanced the development of the crypto industry. Bitcoin has in large quantities He has been given Any promise to serve as an alternative investment for traditional, organized balance IPos For crypto organizations like the circle has been left in Lurch, and the largest public company, Coinbase, has seen its stock drop 40% since the launch of Trump.
Of course Trump is the first Blockchain president of America. But when the crypto industry was hoping that it would honor traditional money, the real result could be that everything else is crypto now when it comes to volatility. So shut up, and at this time, Read our service On Bo Hines.
Today Schwartz
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Email: Today.schwartz@fortune.com
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This story was previously shown Bahati.com