It was the election of President Donald Trump last year Good news For the coded currency industry.
It seems that the smaller investors in the $ Trump Trump that was presented earlier this year were not fortunate.
Nearly 764,000 portfolio bought the distinctive symbol has lost money for their investments, CNBC I mentioned Tuesday (May 6), transfer series Data.
The report said that most of these portfolios – the accounts that store the keys to the store needed to reach encryption possessions – carry amounts smaller than $ Trump. Of the about 2 million portfolios bought the currency, 58 wallets have achieved more than 10 million dollars each, or about $ 1.1 billion.
The CNBC report indicates that the distinctive symbol of $ TROMP, which jumped into popularity after it reached the beginning of the Trump State, Plash sharply in the priceProviding very uneven returns.
The report added that interest in the currency increased more than 50 % when the project site promised the best 220 site with a ticket for a dinner with the president later this month.
Trump For the first time in the days of the distinctive symbol Before taking office, with the first lady Melania Trump, Mimi’s currency was short. This step is transferred from some of the encryption industry characters, who said that Trump was harmful to the credibility of digital assets.
As mentioned here at the time, the Mimi currency sector is a One divisionCriticism feeds that the encryption industry is fraught with risks and trivial. Meme currencies depend on the momentum of social media that can evaporate at the speed they are fulfilled.
Trump’s promise to convert the United States into “The Planet Cryptology”, – As PYMNTS wrote on Tuesday – he will need to legislate encoded currency in order to happen.
But while the bills were expected to expect for both Stablecoin regulations and market structure legislation in the first 100 days of its management, A few concrete progress This report said that legislators were made by lawmakers in the advancement of a comprehensive local policy – especially with regard to encryption markets.
Based on the events surrounding a session on Tuesday in the legislation of digital assets, Pymnts added, it may take 100 days to cool the temptation on both sides of the corridor.
The planned session was supposed to be an event from the two parties, although it went out of its path when many Democrats came out, as they protested the refusal of the Republicans to put judgments in the legislation that would prevent Trump from enriching himself from encryption.
“The political conflict represents a sharp turn in what was previously a relative area of the two parties of attention and dangers Stablecoin control And clarity in the encryption market from the organizational challenge to political football is going back and forth. “