The crypto bros poised to make billions from Trump presidency as Bitcoin booms

The crypto bros poised to make billions from Trump presidency as Bitcoin booms

The cryptocurrency industry has become an astonishingly effective Washington lobbying force in recent years. Three political action committees, Fairshake, Defend American Jobs and Protect Progress, spent more than $133m supporting both Republican and Democrat candidates who voiced pro-crypto views during the campaign. As of Monday morning, 52 out of 56 House and Senate candidates backed…

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Hong Kong stocks slump in wake of Trump election win

Hong Kong stocks slump in wake of Trump election win

While the Hong Kong stock exchange slumped, mainland markets performed better. The Shanghai Composite index closed broadly flat. Mr Wrigley said Trump’s victory would probably force the world’s second-largest economy to embark on more stimulus, which could insulate domestic markets from the impact. China’s highest state body, the National People’s Congress, is currently in session…

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