Cryptocurrency News Today TheBitTimes.com

One dream pick for a crypto-friendly treasury secretary in Donald Trump’s second administration will not be happening, as prominent hedge fund manager John Paulson said today that he won’t be taking the job. Speaking about his decision, Paulson said, “My complex financial obligations would prevent me from holding an official position.” That admission is certainly true. For example, Paulson’s massive equity positions in government-sponsored enterprises Fannie Mae and Freddie Mac, whose profits are swept into the US Treasury, have more than doubled in price since Trump won re-election. His conflict of interest is certainly evident. With Paulson dropping out of the race, other contenders for the position include Key Square Group’s Scott Bessent, Cantor Fitzgerald’s pro-Tether Howard Lutnick, Jay Clayton, and Jamie Dimon. Trump win opens door to many pro-crypto government appointments Read more: Crypto promises that Donald Trump must now live up to Crypto ad...

The cryptocurrency industry has been on an upward trajectory since Donald Trump’s win. While some were celebrating the notable surge in their profits, a few others were dreading selling early. Amidst this, several individuals continue sitting on the fence. As a result, Bernstein analysts stepped up and urged the community to begin purchasing. Also Read: XRP’s 40x Rally: Expert Warns of Market Manipulation Bernstein Analysts Urge Cryptocurrency Investors To ‘Buy Everything’ Bernstein Research has strongly endorsed the cryptocurrency industry. They were seen telling investors to “buy everything you can.” The market’s strength is attributed by analysts Gautam Chhugani and Mahika Sapra to a changing political environment in Washington, where new policy advisors are anticipated to reduce long-standing regulatory obstacles for the sector. This optimism came from Donald Trump’s win. The analysts are looking forward to the anticipated favorable regulato...