Finance

Crypto execs see US passing crypto laws this year under Trump

Published

5 months ago

January 23, 2025

FRANCE – 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images)

Romain Doucelin | Getty Images

Cryptocurrency firm bosses are optimistic about the changes of comprehensive federal rules for the industry passing this year now that Donald Trump, who is a backer of bitcoin, returned to the White House.

The CEOs of Coinbase, Binance and Circle told CNBC they now see a clearer path toward securing some concrete rules on digital assets — unlike the previous U.S. administration, which took aggressive enforcement action against several major crypto companies.

Coinbase’s Brian Armstrong said that he sees crypto entering the “dawn of a new day” with a Trump-led U.S. administration.

“You have to remember: the last four years, we really felt like we were being attacked by this administration,” Armstrong told CNBC in a TV interview at the World Economic Forum’s annual event in Davos, Switzerland.

“They tried to weaponize the lack of clarity in the rules to really push back, even on the good actors,” Armstrong added. “There were some bad actors too, to be fair — but they even really tried to go after the good actors, I think, like us.”

Coinbase is the biggest crypto trading platform in the U.S. The firm often touts itself as a regulated alternative to offshore exchanges, like Binance.

Regulatory clarity to boost sector

On Tuesday, the U.S. Securities and Exchange Commission announced the launch of a “crypto task force” aimed at “developing a comprehensive and clear regulatory framework for crypto assets.”

The SEC panel will be tasked with developing a clear set of rules for the crypto sector, while also addressing issues regarding registration of coins, according to a statement from the agency.

Coinbase’s Armstrong said the current main priority for crypto as an industry is working to get legislation passed in the U.S. to offer clarity.

“The industry is just ready for this new change,” he told CNBC. “They’re ready for clear rules. And that’s our big push.”

Richard Teng, CEO of Binance, highlighted token issuance, trading and asset management as some of the key things he’s expecting to see progress on in terms of crypto-specific legislation in the U.S.

Binance CEO sees U.S. crypto legislation passing under Trump this year

Teng said he sees “much clearer regulation” happening in the U.S. this year — and that this would be supportive for bitcoin and other digital assets.

“If you look at past cycles, this year will be a year that we see a new all-time high for the crypto industry,” Teng said in a CNBC-hosted fireside discussion in Davos, Switzerland.

Bitcoin, the world’s largest cryptocurrency, passed the $100,000 price milestone for the first time last year, as traders grew optimistic about the crypto industry’s prospects under a Trump administration.

As of Wednesday, the token was trading at a price of about $104,000, according to CoinGecko data.

U.S. strategic bitcoin reserve

Binance’s Teng is also expecting the U.S. to establish a strategic bitcoin reserve — something Trump suggested he’d do during his campaign.

Jeremy Allaire, CEO of Circle, said he believes “it would be prudent for central banks to hold some reserves in something like bitcoin,” adding this could cause a return to commodity-backed money.

“If we look back when we decoupled from non-sovereign commodity money, we really saw around the world incredible abuses through fiat and that goes on,” Allaire said. “The vast majority of governments in the world are significantly in debt.”

Watch CNBC's full interview with Coinbase CEO Brian Armstrong

“It’s taken kind of open heart surgery, shock therapy, in a place like Argentina to get out of this vicious cycle. And I respect that this is a important topic for the U.S. government now,” he added.

Trump has previously suggested that a U.S. national bitcoin reserve could be underpinned by crypto assets seized from criminal operations, such as hackers and fraud rings.

Stablecoin laws expected

Along with a pro-crypto president, the U.S. now also has senators and representatives who are supportive of the technology and want to put regulation in place — something that’s “absolutely appropriate,” Allaire stressed.

Allaire noted there are already “American champions” in the crypto space such as Circle, Coinbase and blockchain platform Solana. “I think under this new administration, we’ll see very likely rapid progress in rule making and policy making to advance this industry,” he said.

Circle’s CEO sees the U.S. advancing legislation particularly around so-called stablecoins — digital tokens designed to be pegged to real-world assets like the dollar — given that there’s already bipartisan support in Congress for such tokens. Circle is behind USDC, which is one of the largest stablecoins.

The Clarity for Payment Stablecoins Act, a bill that seeks to establish a regulatory regime to license issuers of stablecoins, was working its way through Congress before last year’s election. It has yet to pass a House vote.

Finance

Amazon is selling an $800 portable power station for $550, and shoppers 'love the mobile design and durability'

Published

12 minutes ago

June 14, 2025

Business Finance News

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.

Camping is a fun summer activity. What’s not fun is having no access to electricity. You can’t charge your phone, watch TV, or make your morning cup of coffee. Thankfully, portable power stations allow you to do all that and more. It’s literally like bringing along a giant battery for all of your electronics. Portable power stations are also good to have around your home in case of power outages.

There’s just the problem of price. Portable power stations are notoriously expensive, especially ones that have a larger energy storage capacity. The good news is that we were able to find a solid deal on a 1,056-watt-hour (or 1 kilowatt-hour) power station. This $800 Anker Solix C1000 Portable Power Station is $550 at Amazon for a limited time. At 31% off, you’re saving $250.

Anker Solix C1000 Portable Power Station, $550 (was $800) at Amazon

The Anker Solix C1000 features a power output of 1,800 watts, making it strong enough to handle multiple electronics and small appliances at once. It has 11total power ports. You get two USB-A and USB-C ports, a car socket, and six AC outlets. Additionally, it also functions as a night light and has a handle for easy carrying. It weighs about 28 pounds.

Now let’s talk about charging. There are two ways you can charge the Anker Solix C1000. The first way is just by plugging it into a standard AC wall outlet. Or if you have the portable solar panels (sold separately), you simply connect the wires and place the panels in the sun. When plugged into an AC outlet, your power station can be fully charged in about an hour. If you charge up with solar, it’ll likely take around two hours. The digital display on the front of the power station shows you the battery and charging status.

Shoppers have found multiple uses for this portable power station. “We bought it mainly for short power outages and to run our refrigerator, but it will have many other uses for sure,” one shopper said. “Just this past week, I had to do some repairs to our floating dock, and there is no extension cord long enough to reach, so I brought this Anker Solix C1000 and it powered our two saws and drills without any issue at all. It’s very cool and has lots of different outlets. Very impressive unit!”

Others say they get daily use out of it. “I love it. I use it every day. I am traveling and camping everywhere,” one shopper shared. “I use it to power a car mobile refrigerator, a little portable air conditioner, and of course, my iPhone and other electronics, and sometimes an electric stove. It can take on all tasks with no problem. I love the mobile design and durability.”

You don’t need to be ‘roughing it’ the next time you go camping. Consider grabbing the Anker Solix C1000 Portable Power Station to keep all your devices charged and bring along a few essentials for the kitchen or living room. You’ll feel like you never left home.

Finance

Amazon is selling a 'high-quality' $525 Citizen Eco-Drive watch for $260, and buyers love its 'useful functions'

Published

4 hours ago

June 13, 2025

Business Finance News

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.

Time is the most valuable thing any of us has. Therefore, why not keep track of it in the most accurate and stylish way possible, relishing every second? Amazon can help you do that with its incredible selection of high-end watches. One of them, from Citizen, is currently available for half off, and we think it ticks all the boxes.

The Citizen Calandrier Eco-Drive Watch is on sale for $260 right now, which is 50% off the regular price of $525. Not only does this watch give you the time, but it even tells you the day and the date.

Citizen Calandrier Eco-Drive Watch, $260 (was $625) at Amazon

While a watch that tells the time is useful, one that does that and lets you know exactly what day and date it is can keep you on schedule better than you might imagine. In addition to the time, day, and date functions, this watch has a 24-hour tracker and world time function, so you can know what time it is anywhere in the world.

With a stainless steel case and bracelet, the timepiece oozes elegance and durability. Its blue dial is highly legible and attractive, and is sure to get you plenty of compliments. It also has a scratch-resistant mineral crystal and 100 meters of water resistance. The Japan-made quartz movement inside operates off of solar energy, provided by the Eco-Drive technology within.

Amazon customers raved about this watch. One called it “my favorite watch,” adding, “I fell in love with how it looked…It feels and looks like a very high-quality watch. All the functions work perfectly and are not hard to read.”

Another touted the “beautiful blue dial,” and said, “I love good-looking watches…but if the design can incorporate useful functions as well, it’s a winner for me. And this watch does all of that.”

The Citizen Calandrier Eco-Drive Watch will let you know exactly when you are, and it can do so in style. It can also do so for only $260 at the moment, so why not take a chance? We would never waste your time if it weren’t worth it.