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Trump's Crypto Nominee Sparks Bitcoin Surge Past $117K

8/10/2025

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Summary

Story summary

President Trump is shaking up U.S. monetary policy by nominating crypto advocate Stephen Miran to the Federal Reserve Board and advocating for 401(k) investments in cryptocurrencies. This bold move could spark increased market volatility and change how digital assets are regulated. The crypto market is already reacting, with Bitcoin soaring past $117,000.

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Story summary

President Trump is shaking up U.S. monetary policy by nominating crypto advocate Stephen Miran to the Federal Reserve Board and advocating for 401(k) investments in cryptocurrencies. This bold move could spark increased market volatility and change how digital assets are regulated. The crypto market is already reacting, with Bitcoin soaring past $117,000.