Top Trump official’s crypto ties raise red flags as the administration peddles digital assets | CNN Business

New York CNN  — 

At a White House summit last week, Commerce Secretary Howard Lutnick spoke passionately about the Trump administration’s plans to embrace cryptocurrencies, a largely unregulated industry that has historically operated on the fringes of finance.

“Technology is at the foundation of the Trump presidency,” Lutnick said, addressing two dozen crypto CEOs. “We’re using the blockchain. We’re using bitcoin. We are going to use digital assets to pound forward, and Donald Trump is leading the way.”

The summit was remarkable in part because of the shift in tone from the White House, which

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Researchers are rushing to build AI-powered robots. But will they work?

Chelsea Finn (left) and Moo Jin Kim conduct a demonstration with a robot...

Forever 21 files for bankruptcy in the US… again | CNN Business

New York / London CNN  —  Forever 21 isn’t even cool enough to exist anymore. The retailer’s...

Trump says there will be no exemptions from steel and aluminum tariffs | CNN Business

CNN  —  President Donald Trump has said he doesn’t intend to create exemptions from steel and aluminum tariffs...