Newscasts - Crypto Weekly: Dinner with the president?

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24/04/2025 15:01

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Source: 'Reuters - Business videos'

Description: From Donald Trump's meme coin investors getting a dinner invite to a bumper $3.6 billion crypto venture. Here are some of the crypto stories causing a stir this week. Ciara Lee reports.

Short Link: https://refini.tv/3ElAS4c

Video Transcript:

From dinner with the president to a $3.6 billion venture, this is Crypto Weekly. Donald Trump's meme coin surged more than 60% on Wednesday after announcing an exclusive invitation to the world. The top 220 buyers of the token are to be invited to a private gala dinner on May 22. In addition to the dinner at Trump National Golf Club in Washington, the top 25 holders would get an ultra-exclusive private VIP reception with the President, as well as a special tour according to the announcement. The terms of the Trump dinner offer though, state that the President may not be able to attend. Trump said on Tuesday that the crypto industry needs regulatory certainty and clear rules, and that Securities and Exchange Commission Chairman Paul Atkins will work on providing it.

No one in America is more highly qualified to lead the SEC in this exciting time than Paul. He's devoted his entire life to the cause of free clear, pro-growth, and pro-innovation securities markets.

Atkins said his top priority will be to have a firm foundation for digital assets and keep politics out of securities laws. Revolut pretax profits surged 149% last year to $1.46 billion. The financial technology firm rode a wave in crypto trading. London-based Revolut said revenue was driven by income from interest on the back of higher rates, card payments, and the company's wealth segment, which includes trading and crypto products. Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group. It's to buy Bitcoin wagering that interest in the digital currency will expand under Trump. The deal announced on Wednesday has blank check vehicle Cantor Equity Partners merging into newly formed Twenty One Capital. The combined vehicle is valued at $3.6 billion.