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Crypto helped Trump win the White House, and WA congressional candidates
Published 2 years ago
Description
U.S. stocks soared after Donald Trump clinched the presidency early Wednesday morning.
And another market jumped to a record-high as well: cryptocurrency.
The price of Bitcoin has topped $76,000 as of Thursday morning, and behind this record breaking value is a belief from digital currency enthusiasts that the president-elect will roll back Biden-era regulations on cryptocurrency.
And the crypto-industry was far from a passive observer in this year’s election. It spent more than a hundred million dollars on candidates who took cryptocurrency-friendly stances, including here in Washington State.
Guest:
- Brady Dale, crypto reporter for Axios
Related links:
- Bitcoin traders' next mark: bitcoin at $100,000 - Axios
- The big moments in Biden's crypto crackdown - Axios
- Crypto cash helps propel Trump, other allies to 2024 election victory - The Washington Post
- Wealthy industry donors fuel Trump's conversion on cryptocurrency - The Washington Post
- Bitcoin Surges to Record as Crypto Investors Cheer Trump Win - The New York Times
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