After funding the campaign, cryptocurrencies have received rapid returns from Trump’s investment

Cryptocurrency executives, companies and investors are getting rewards as soon as possible invest exist Donald Trump.

After Trump invested tens of millions of dollars in the 2024 presidential campaign, the encrypted industry received a generous return in the first week of his entry into the White House.

BINCHMARK’s Bill Gurley Early bet exist SuperiorTell CNBC “Closing Bell” On Friday. Glei said that although the new influence of technology in Washington may be harmful to some parts of the start -up world world, “this is obviously beneficial to cryptocurrencies.”

The industry’s support for Trump is based on the regulations that the Republican leader promises to stop the government’s suppression of cryptocurrencies and implement the laws and regulations that help those who want to develop new payment technologies. Limit.

Industry heavyweight like Coin library CEO Brian Armstrong and Binance CEO Richard Teng praised the beginning of the new era.

“You have to remember that in the past four years, we really feel that we have been attacked by this government,” Armstrong told CNBC At the annual World Economic Forum in Davos, Switzerland. Amsterrand criticized the Biden government to try to “use the rules to be unclear for weapons” and even punish companies trying to provide help.

“Speaking fairly, there are some bad actors,” Amsterrand said. “But I think they even try to follow a good actor like us.” Coinbase is One of the main corporate donors In the election cycle in 2024.

Bitcoin Monday set a record high of about $ 109,000 and hovered around $ 105,000 this weekend. Since Trump won the election in early November, the index has risen more than 50%.

The 48 -hour stretch mentioned by Glei includes included Administrative order Trump signed on Thursday to promote the use of digital assets in the United States

Trump calls on the Ministry of Finance, the US Securities and Exchange Commission, and members of the Commodity Futures Commission to form a working group to evaluate the potential of the government’s detained cryptocurrency inventory.

The order outlines other key priority matters, such as protecting Bitcoin miners and software developers from so -called “persecution” by President, and promoting stable coins linked to the US dollar.

Trump’s venture capitalist David saxophone Tap As a White House artificial intelligence and cryptocurrency Tsar, he signed the order with the president in an oval office.

Late on Thursday, the US Securities and Exchange Commission issued a milestone announcement. withdraw A accounting rule forced banks to regard Bitcoin and other tokens as liabilities on their balance sheets, making it more difficult to use cryptocurrencies.

The rule was called SAB 121, which was launched in 2022, and put forward strict capital requirements for digital assets. It also increases the financial and regulatory risks of cryptocurrency custody services, and increases the operating costs of financial institutions.

Last year, the efforts to overthrow SAB 121 won the support of the two parties in Congress. but Then President Bynden The proposed legislation is reserved, the rule is retained, and the bank is further prevented from adopting digital assets outside the derivatives transactions, and providing exchanges trading funds to wealth management customers.

SEC commissioner Hester Peirce celebrates this move, she Tuesday A new “cryptocurrency work group” in the agency was appointed.

“Goodbye, goodbye SAB 121! This is not interesting,” she wrote in a letter. Post on XEssence

Before the SEC announced, Golden CEO David Solomon Tell CNBC said in Davos that from a regulatory perspective, the bank cannot have Bitcoin. If the rules change, it will re -examine this problem. CEO Morgan Stanley and Bank of America He also said that the tone of President Trump’s support of cryptocurrencies may reshape their plans and may lead to the expansion of digital products.

A few days ago, Gary Gensler resigned from the post of SEC. Gensler appeared as an opponent in the encryption industry. He argued that the rule was necessary to protect investors when an encrypted company bankruptcy. Trump chose to replace Gensler’s former SEC commissioner Paul AtkinsHe is the CEO of Patomak Global PARTNers.

TuesdayOn the second day of taking office, Trump comprehensively pardoned the founder of the Silk Road Rose Ubrich. The 40 -year -old Ubrich has been in prison for life after being convicted in the federal court in 2015. Seven allegations include Divide drugs and conspire to implement computer hackers.

Silk Road operated from 2011 to 2013. As a dark web market, users buy and sell various prohibited products, including illegal anesthesia and other illegal anesthesia. platform Promote sales of more than 200 million US dollarsAccording to the federal prosecutor, the incident was related to the death of at least six people.

During its heyday, the Silk Road played the role of the global drug market. BitcoinMake it one of the earliest large -scale applications. Prosecutors later argued that the anonymity provided by Bitcoin helps to allow the Silk Road supplier to cover up their identity.

Ubrich has become a worship hero in the cryptocurrency community, and “Release Roos “ Sports resonated among conservative media people and politicians.

“I just called Ross William Ubrih’s mother and let her know that in order to pay tribute to her and strongly support me, I was glad to have just signed a comprehensive unconditional forgiveness for her son Rose,” Trump wrote An article published on Truth Social on Tuesday.

Zhao Changpeng, co -founder and former CEO of Billionaire, Zhao Changpeng, co -founder and former CEO Commented After the announcement was announced, a applause was added to X. Zhao is Sentence After admitting the allegations of money laundering in his cryptocurrency exchange, he was sentenced to four months in April.

The most noteworthy is that the president has always played in a market that is notorious for fraud. Last weekend, when cryptocurrency leaders and members of the Trump family and core circles were at the party Encrypted ball In Washington, $ Trump has taken off on the Internet because of coins.

Then there are $ Mlania coins. The Trump family made a total of billions of dollars due to the assets created out of thin air. Cryptocurrency enthusiasts are worried that this is a disturbing sign of Trump’s true intentions, and is harming the credibility of an industry that trys to prove its legitimacy.

The Nic Carter of Castle Island Ventures wrote in a report: “You can say that I am old -fashioned, but I think the president should focus on governing the country, not the issuance of fraud tokens.” postal On X.

this website For $ TRUMP indicates that 80% of the supply is held by the Trump organization and its affiliated agencies.

Legislators also have objections.

The Massachusetts Democratic Senator Elizabeth Warren and the Representatives Jake AuchinCloss proposed the issue of the first couple’s use of huge profits and might implement the “winning” scam.

“We said deep attention to President Trump and the first lady Melania Trump decided to launch two types of coins $ Trump and $ Melania, which enabled them to earn extraordinary profits from his presidential term. ” The two said in a letter from CNBC.com. “These tokens will not create new faster, cheaper, and safer payment methods. These tokens will not help people borrow cheaper. They will not improve the financial system for consumers in any way.”

$ Trump’s current transaction price is less than $ 30, which has fallen by more than 50% from the peak value shortly after launch. The $ Melania tokens have plummeted by more than 80%from the high point, and the current transaction price is less than $ 2.50.

The MEME tokens must comply with the cash schedule for many years to ensure that most tokens will not immediately liquidate. Without selling any token, before, Coin library CONOR GROGAN, executing and cryptocurrency analysts estimate The Trump team still earned $ 58 million in trading fees on the first day.

Suspicious theories are not limited to the cause coins.

In Trump’s administrative order on Thursday, the president did not instruct the United States to start buying Bitcoin directly and as a reserve.

Richard Geng, CEO of Binance I told CNBC in Davos He expects the United States to establish a Bitcoin strategic reserve. Circle CEO Jeremy Allaire said that the central bank holding Bitcoin reserve is a “cautious” approach.

Trump put forward this idea during the campaign, suggesting that the US Bitcoin reserves can be supported by the encrypted assets detained from hackers and fraud gangs. This proposal is still considering.

But in the 1,300 -word administrative order on Thursday, Trump not only avoided calling for the establishment of Bitcoin reserves. The word Bitcoin has nowhere to find.

———— CNBC’s Ryan Browne contributed to this report.