{"id":4062,"date":"2024-12-11T12:55:15","date_gmt":"2024-12-11T12:55:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4062"},"modified":"2024-12-11T12:55:15","modified_gmt":"2024-12-11T12:55:15","slug":"trump-would-bridge-the-gap-between-cryptocurrency-and-banks-vcs-hope-still-a-poisoned-chalice-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4062","title":{"rendered":"Trump Would Bridge The Gap Between Cryptocurrency And Banks, VCs Hope: &#8216;Still A Poisoned Chalice Today&#8217;"},"content":{"rendered":"<div>\n<p>Amid ongoing banking challenges, the cryptocurrency industry is hopeful that\u00a0<strong>Donald Trump<\/strong>\u2018s recent election victory could pave the way for improved banking relations. This optimism stems from Trump\u2019s promises to establish a national <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) reserve and a regulatory council.<\/p>\n<p><strong>What Happened<\/strong>: The crypto sector has faced significant hurdles in securing banking partners since the collapse of\u00a0<strong>FTX<\/strong>\u00a0and other firms in 2022, The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/finance\/currencies\/crypto-banks-relationship-trump-administration-414ff706\">reported<\/a>\u00a0on Wednesday. Many banks have distanced themselves from crypto companies, exacerbated by regulatory warnings and lawsuits against firms like\u00a0<strong>Coinbase<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>),\u00a0<strong>Kraken<\/strong>, and\u00a0<strong>Binance<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/bnb\/usd\">BNB<\/a>). <\/p>\n<p>Trump\u2019s recent announcement of venture capitalist\u00a0<strong>David Sacks<\/strong>\u00a0as the White House crypto czar has sparked hope for policy changes. Sacks has emphasized the need to address banking &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42434117\/trump-would-bridge-the-gap-between-cryptocurrency-and-banks-vcs-hope-still-a-poisoned-chal\" alt=\"Trump\" would bridge the gap between cryptocurrency and banks vcs hope: a poisoned chalice today>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid ongoing banking challenges, the cryptocurrency industry is hopeful that\u00a0Donald Trump\u2018s recent election victory could pave the way for improved banking relations. This optimism stems from Trump\u2019s promises to establish a national Bitcoin (CRYPTO: BTC) reserve and a regulatory council. What Happened: The crypto sector has faced significant hurdles in securing banking partners since the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4062","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4062"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4062\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}