Bitcoin price today: reclaims $70k after Trump touts friendlier regulation
Investing.com-- Bitcoin price rose on Monday, extending gains from over the weekend after Republican presidential nominee Donald Trump raised the prospect of friendlier regulation during an address at the Bitcoin Convention.
Trump said he would set up a crypto advisory council for the White House, and would also create a national stockpile of Bitcoin using the current holdings of the U.S. government- most of which was seized by law enforcement activities. Trump- who had in 2021 called cryptocurrency a scam, has courted the sector with his recent campaigning efforts. His campaign accepts donations in crypto, and the former president has also released his own collection of non-fungible tokens.
Recent polling data showed Trump is set for a tight race with Harris, who has so far not outlined any plans for crypto regulation. But given her past as a prosecutor with experience in financial fraud, it appears likely that Harris will continue the government’s crackdown on crypto.
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