May 28, 2026 - 04:33

President Donald Trump on Wednesday reaffirmed his strong backing for the cryptocurrency industry, declaring that his administration is building a solid regulatory structure for digital assets. In a post on Truth Social, Trump accused former SEC Chair Gary Gensler and what he called the "Anti-Crypto Army" of wrecking the industry by pushing Bitcoin, crypto perpetuals, and other innovations out of the United States.
Trump took credit for turning the crypto sector around in the country, stating that a "new frontier of finance is being built." He promised to deliver a "future proof" market structure that would keep the industry safe and thriving. "I will never let crypto down," Trump wrote, signaling that his team is actively working on rules that encourage growth rather than stifle it.
The president's comments come as the digital asset space continues to recover from a prolonged downturn that many blame on heavy-handed regulation under the previous administration. Trump's message was clear: his White House sees crypto as a vital part of the American economy and intends to keep it that way. By framing the issue as a battle against anti-crypto forces, he is positioning himself as a champion for the industry's future.
May 27, 2026 - 23:41
Fed's Cook says inflation is moving in the wrong direction, but she's looking to hold rates steadyFederal Reserve Governor Lisa Cook said Wednesday that recent inflation data is moving in the wrong direction, a troubling sign for the central bank`s efforts to bring price increases under control...
May 27, 2026 - 02:39
Westpac to Pay $19 Million Fine Over Financial Hardship FailuresWestpac Banking Corp. has been ordered to pay a A$26 million penalty, equivalent to about $19 million in U.S. dollars, for failing to properly assist customers who were struggling financially. The...
May 26, 2026 - 20:14
Hyperliquid steps into prediction markets arenaHyperliquid is expanding beyond its roots in crypto and blockchain, making a direct move into prediction markets and asset trading. The platform is positioning itself as a direct competitor to...
May 26, 2026 - 06:29
Asian Currencies Consolidate as Traders Assess Mideast DevelopmentsAsian currencies traded in a narrow range against the U.S. dollar on Tuesday, as investors paused to assess the latest geopolitical developments in the Middle East. The region`s foreign exchange...