
Trump’s broken promise on crypto: a gold mine for his empire, multimillion-dollar losses for investors
Nearly one million retail investors lost $3.81 billion while the Republican reported more than $1.4 billion from his crypto businesses

Nearly one million retail investors lost $3.81 billion while the Republican reported more than $1.4 billion from his crypto businesses

The industry is the top donor in the midterm elections, with tens of millions for various candidates in the expectation Trump will maintain his support for the sector

Speculation, dead‑end investigations and conspiracy theories have surrounded him for years
The most popular cryptocurrency has doubled in price over the last year. Regulatory changes in the U.S. and the foreseeable drop in interest rates have boosted its performance. Young investors tend to be attracted to Bitcoin, often unaware of the risks they’re taking

The platform, which has been delisted and registered ‘unaccounted for,’ has been moving money to places such as Seychelles, Kazakhstan and Lithuania

Binance and Coinbase are both alleged to have violated the law by operating as securities exchanges without registering their businesses with the Securities and Exchange Commission

The United States’ markets regulator, the Securities Exchange Commission, sued the company and called for it to be totally banned in the country

The U.S. agency accused the platform of operating an unregistered securities platform and brokerage service. The lawsuit comes a day after charges were filed against Binance, the world’s largest crypto exchange

The cryptocurrency trading platform said in an SEC filing late Wednesday that it had received a Wells Notice from the agency