Reported Earlier, "Trump Says Plan To Make U.S. 'Crypto Capital Of The Planet' Coming Within Hours" - CNBC
Portfolio Pulse from Benzinga Newsdesk
Donald Trump announced plans to make the U.S. the 'crypto capital of the planet' through a new platform, World Liberty Financial, rebranded from 'The DeFiant Ones'. The platform, promoted by Trump's sons, aims to rival traditional banking and attract crypto voters and donors.
August 29, 2024 | 5:58 pm
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Coinbase, a major cryptocurrency exchange, could be impacted by Trump's push to make the U.S. a crypto hub, potentially increasing competition in the crypto platform space.
Trump's announcement of a new crypto platform could introduce competition for existing exchanges like Coinbase. The focus on making the U.S. a crypto hub may attract users to new platforms, potentially impacting Coinbase's market share.
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