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With US stocks unstable, consumer confidence in the economy plunging and whispers of a potential recession growing less muted, the economy under President Donald Trump's second term has been about as stable as a recovering addict's first week back on blow. With that turbulence as a backdrop, the cryptocurrency industry hoped Thursday's executive order establishing a federal Bitcoin reserve would at least spur a surge in the blockchain ecosystem. Instead, Bitcoin's value has dropped sharply, and one crypto-focused hedge fund founder called Trump's order "the most underwhelming and disappointing outcome we could hav
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The first-of-its-kind event at the White House with top crypto executives and the president showcased Mr. Trump's embrace of the once-renegade industry.
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