Asked by reporters whether the US is preparing for a trade war with China, US President Donald Trump responded: “Well, we’re in one now.” Update Oct 15, 10:55pm: This article has been updated to include comments from US Treasury Secretary Scott Bessent and the impact of tariffs on the Bitcoin mining industry. US President Donald Trump has confirmed the US is in an active trade war with China after threatening a 100% tariff on all Chinese imports last week. “Well, we’re in one now,” Trump said after being asked by White House reporters whether the US is preparing for a “sustained trade war with China.” ”If we didn’t have tariffs, we would be exposed as being a nothing, we would have no defense,” Trump explained, calling the tariffs an important measure for America’s national security. Read more
The bill, if passed, would codify US President Donald Trump's executive order allowing retirement plans to include "alternative assets," including cryptocurrencies. A lawmaker in the US House of Representatives has reportedly introduced a bill that would codify — make into law — an executive order by President Donald Trump allowing alternative assets such as cryptocurrencies to be included in 401(k) retirement accounts. Republican Representative Troy Downing introduced a draft bill in the House Financial Services Committee that would give Executive Order 14330 the force of law, Politico reported on Tuesday. The order, which Trump issued on Aug. 7, says every American preparing for retirement should have access to funds that include “alternative assets” when deemed appropriate by a plan fiduciary. Read more
Analysts say confusion over China’s export rules briefly rattled markets before Bitcoin miners led a swift recovery on Monday. Shares of Bitcoin mining companies rose sharply on Monday, recovering from losses sustained during Friday’s flash crash that analysts attributed to US President Donald Trump’s apparent misunderstanding of new Chinese export controls. Bitfarms (BITF) and Cipher Mining (CIFR) led the rally, each posting double-digit gains. Hut 8 Mining (HUT), IREN (IREN) and MARA Holdings (MARA) also climbed more than 4%, while Core Scientific (CORZ) and Riot Blockchain (RIOT) traded broadly higher at the start of the session. The rebound followed a steep sell-off on Friday after Trump announced plans to impose 100% tariffs on Chinese imports, stoking fears of an escalating trade war. The president’s comments, however, were later revealed to be based on a misunderstanding of China’s new export measures. Trump subsequently walked back his remarks over the weekend. Read more
The last time the Crypto Fear & Greed Index dropped to this level of fear, Bitcoin’s price was trading around $80,000. Crypto market sentiment has dropped to its lowest level in almost six months after US President Donald Trump announced a 100% tariff on China. The Crypto Fear & Greed Index, which gauges overall market sentiment, fell to a “Fear” level of 27 in its Saturday’s update, representing a decline of 37 points from Friday’s “Greed” reading of 64. The decline came as Bitcoin (BTC) briefly dipped to $102,000 on the Binance perpetual futures pair following Trump’s announcement of sweeping tariffs on Friday. Read more
Bitcoin plunged to $102,000 in the Binance perpetual futures pair after Trump announced sweeping tariffs on China on Friday, reigniting fears of a broader trade and market sell-off. US President Donald Trump announced a 100% tariff on China on Friday, sending the price of Bitcoin (BTC) reeling below $110,000 at the time of writing. Trump said the tariffs were in response to China attempting to place export restrictions on rare earth minerals, which are crucial for creating computer chips. Trump wrote on Truth Social: Trump’s first tariff announcements in April sent shockwaves through crypto markets and sparked fears of a recession. Read more
Could a future US presidential administration undo all of Paul Atkins’ work in a matter of days? Cointelegraph spoke to legal and regulatory experts to find out. Paul Atkins wants to cement his vision for the crypto markets before political tides shift again in Washington. As the new chair of the US Securities and Exchange Commission, he’s moving quickly to “future-proof” SEC policies, a push that could define how much freedom the crypto industry enjoys after President Donald Trump leaves office. In a conference hosted by the Managed Funds Association in New York on Tuesday, Atkins said the SEC would work quickly to adopt rules that could “future-proof” his agenda. He specifically referred to removing or weakening regulations on public and private markets, both of which could impact the cryptocurrency industry after Trump or Atkins leaves. “We have, I think, an amazing opportunity to get together and, in a can-do spirit, kind of create something that’s lasting,” said Atkins on US regulators collaborating. “M...
Dogecoin price fell 20% in 2025, while Shiba Inu, PEPE, and TRUMP have plunged even further as Bitcoin outperformed the memecoin market. Key takeaways: Bitcoin’s institution-driven rally has sidelined retail-heavy memecoins. Top memecoins, DOGE, PEPE and TRUMP, show short-term rebound potential for Q4. Read more
Travis Hill has served as acting FDIC chair since Donald Trump took office on Jan. 20, later issuing guidance on crypto-related activities and criticizing allegations of debanking. US President Donald Trump sent the nomination of acting chair of the Federal Deposit Insurance Corporation (FDIC), Travis Hill, to the Senate for consideration to assume the government role for a five-year term. According to congressional records, Trump’s nomination of Hill as FDIC chair was sent to the Senate Banking Committee on Tuesday. Before assuming his role at the FDIC, Hill issued a statement that the department should offer additional guidance on digital assets and tokenization and spoke out against allegations of US authorities debanking companies due to their ties to crypto. He followed with a letter aimed at financial institutions in March, clarifying that banks could engage with digital assets as a ”permissible activity.” Read more
Since the peak of the Trump news-driven rally, Cronos has lost more than $6 billion, or nearly 50% of its market cap. Cronos, the native cryptocurrency of Crypto.com’s Cronos Chain, has faced significant selling pressure since the launch of the Trump Media Group CRO Strategy last month. On Aug. 26, Trump Media and Technology Group (TMTG), the operator of Truth Social and majority-owned by the Donald J. Trump Revocable Trust, announced a joint $6.4 billion Cronos (CRO) treasury. The announcement sparked an immediate 40% rally in CRO’s price. However, since then, the token has steadily declined, almost erasing those gains as CRO tumbled below $0.19 on Thursday, approaching pre-announcement levels, according to CoinGecko data. Read more
At least three other candidates may be in the running to chair the CTFC after the Winklevoss twins reportedly soured on Trump’s first pick, Brian Quintenz. Former US Commodity Futures Trading Commission (CFTC) member and US President Donald Trump’s pick to chair the agency, Brian Quintenz, may not face a vote in the Senate after reports suggested Trump was considering other candidates for the job. According to a Wednesday Semafor report, the Trump administration was vetting Josh Sterling, a former director at the CFTC’s market participants division, to chair the agency as Quintenz’s nomination reportedly stalled. Sterling, who worked at the CFTC from 2019 to 2021, was appointed to his position during the first Trump administration and did not face a Senate vote. He is a partner at Milbank, an international law firm. Read more