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Bitcoin Breaches New Record Above $98K as MicroStrategy Soars and Trump Considers 'Crypto Czar'

Bitcoin rally continues as the largest crypto by market cap surged above $98,000 heading into the U.S. morning Thursday. This comes as MicroStrategy and other companies holding corporate bitcoin treasuries soar and president-elect Trump reportedly talks with the crypto industry about a new White House post dedicated to crypto policy. Plus, former FTX executive Gary Wang was spared prison time by a judge. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.

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Bitcoin Hits Record High as Donald Trump Wins U.S. Election

Bitcoin hit a lifetime high over $75,000 Wednesday as former President Donald Trump is set to return to the White House. "CoinDesk Daily" host Christine Lee explains what a Trump presidency could mean for crypto and how anti-crypto Democrat Sherrod Brown was replaced by a more digital asset-friendly Congress.

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Consensus Hong Kong 2025 Coverage

BlackRock's Entry Into Crypto Matters More Than U.S. Election, QCP Capital's Darius Sit Says

BlackRock CEO Larry Fink appearing on CNBC means more to QCP's founder and chief investment officer rather than presidential candidates promoting crypto.

QCP Capital's Darius Sit (Chris Lam/CoinDesk)

Policy

President Biden Thanks Nigerian President for Binance Exec’s Release: White House

In the Tuesday phone call with President Bola Tinubu, Biden praised the creation of a new bilateral working group focused on crypto and illicit finance.

U.S. President Joe Biden called Nigerian President Bola Tinubu to thank him for releasing detained Binance executive Tigran Gambaryan.

Policy

Biden Does Not Threaten Veto Against House Crypto Market Structure Bill, But 'Opposes Passage'

The FIT21 bill will see a vote in the House later Wednesday.

U.S. President Joe Biden (Win McNamee/Getty Images)

Policy

House Votes to Erase SEC Crypto Policy While President Biden Vows Veto

The House of Representatives voted in favor of a resolution to oppose the SEC's crypto accounting policy, Staff Accounting Bulletin No. 121, as President Biden defends it.

President Joe Biden is threatening to veto an effort in Congress to overturn the Securities and Exchange Commission's crypto accounting policy. (Chip Somodevilla/Getty Images)

Policy

Texas Blockchain Council, Riot Platforms Sue Dept. of Energy, OMB Over 'Emergency' Survey

If the court does not intervene, the companies will be "immediately and irreparably harmed," the filing said.

(Enrique Macias/Unsplash)

Markets

AI-Related Tokens Stumble After White House Executive Order

Critics of President Biden's action wonder if innovation could be stifled.

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?

Senators have told the IRS to hurry its regulations on brokers reporting crypto transactions while crypto lobbyists question whether the delay is a White House strategy.

(Jesse Hamilton/CoinDesk)

Videos

Lawmakers Spar over Stablecoin Bill; Amazon Dives Deeper into Web 3

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Financial Services Committee Chair Patrick McHenry (R-NC) points to the White House for derailing progress on stablecoin legislation. Plus, a new report from Crystal Blockchain provides an update on the role of crypto donations in Ukraine’s fight against Russia. And, Amazon unveils a new Web3 play. 

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