The cryptocurrency was up by over 5% on Sunday, reaching nearly $81,000 at the time of writing. Trump had once been a cryptocurrency skeptic, previously describing the digital assets as "highly volatile and based on thin air." But he became an outspoken ...

The week has been a whirlwind of cryptocurrency news, with El Salvador’s Bitcoin gamble paying off and Standard Chartered predicting a massive surge in the digital assets market. Meanwhile, Detroit is set to become the first major U.

Trump’s current stance on crypto is a major departure from his last term as president. In the summer of 2019, Trump criticized cryptocurrency on social media, claiming it could be used to facilitate illegal activities. And during his presidency, the Trump administration’s regulatory actions included the SEC’s controversial lawsuit against Ripple.