Cryptocurrencies climbed on Tuesday as bullish investor sentiment returned on President Donald Trump's first full day back in office.

Donald Trump once called cryptocurrency a “scam.” Now ethics experts fear the president may be carrying out a rules-bending crypto scheme of his own by holding onto crypto assets while serving in the White House.

"The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun," Sacks said, speaking on Friday at the so-called crypto ball event, intended to drive support for Trump among the crypto community and demonstrate its value to the incoming administration.

President Donald Trump this week signed an executive order to establish U.S. dominance in the digital asset market and make the country the global center of crypto. But does that order deliver on what Trump said he'd accomplish?

Thanks for reading! In a surprising shift, U.S. President Donald Trump has embraced a pro-cryptocurrency stance, particularly favoring Bitcoin. During his 2024 campaign, Trump announced plans to establish a U.