President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founder of the Silk Road online marketplace. The pardon fulfills a campaign promise Trump made in May 2024 at the Libertarian Party’s National Convention, where he vowed to commute Ulbricht’s sentence to time served.
Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
U.S. stocks fell sharply on Wednesday, erasing earlier gains after the Federal Reserve announced a 25 basis point rate cut and projected a slower pace of rate reductions for next year.
Robert F. Kennedy Jr., President-elect Donald Trump’s nominee for Secretary of Health and Human Services, earned approximately $10.7 million in 2023, with much of his income stemming from his work with various law firms and his leadership of a vaccine-skeptic nonprofit. According to recently amended financial disclosures filed as part of his presidential campaign, Kennedy also holds significant assets, including between $500,001 and $1 million in Bitcoin and commercial real estate in Chicago worth hundreds of thousands of dollars.
Donald Trump’s designated Middle East envoy, Steve Witkoff, issued a stern warning Monday regarding hostages held by Hamas in Gaza. Speaking during a visit to the region, Witkoff stated it would "not be a pretty day" if the hostages were not released before President-elect Trump’s inauguration on January 20, 2024.
Bitcoin reached a record price of $100,000 on Wednesday, marking an extraordinary milestone for the once-niche digital currency. The achievement underscores Bitcoin’s evolution from an experimental asset dismissed by Wall Street into a central player in global finance.
Former President Donald Trump said over the weekend that he plans to make the United States the "crypto capital" and "bitcoin superpower of the world."
