Trump, Republicans and crypto
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The president could sign an executive order as soon as this week to clear regulatory hurdles to allow investing in alternative assets including crypto in 401(k) accounts.
Over 1 in 5 top Trump appointees reported investments in crypto and other digital assets, far more than previous administrations, a Post analysis found.
Donald Trump is reportedly exploring ways to allow cryptocurrencies like Bitcoin into U.S. retirement accounts, including 401(k)s and IRAs, according to the Financial Times.
The executive order, expected this week, aims to unlock the $9 trillion retirement market by allowing 401(k) plans to invest in alternative assets.
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Cryptopolitan on MSNTrump administration is looking into a de minimis tax exemption for Bitcoin transactions under $600White House Press Secretary Karoline Leavitt said the Trump administration is looking into a de minimis tax exemption for Bitcoin transactions under $600. This is to make it easier for Americans to use Bitcoin and other cryptos on a day-to-day basis.
The Trump administration is considering a de minimis tax exemption for Bitcoin and crypto transactions, the White House confirmed.
The Trump administration is actively exploring a de minimis tax exemption for Bitcoin transactions to eliminate barriers to everyday Bitcoin and crypto use,
Bitcoin price and other cryptocurrencies were recovering on Wednesday following a set back to key crypto legislation Tuesday.Bitcoin is up 2.2% over the past 24 hours to $119,228, according to CoinDesk data.
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Investor's Business Daily on MSNTrump Steps In To Rescue Crypto Week Bills; Bitcoin Slides From PeakPresident Trump wrangles GOP to advance "Crypto Week" bills after failed vote. Bitcoin holds under $120k after sliding from record high.
Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.