Bitcoin's price rose over 3% to hit its highest level in more than six weeks after Donald Trump backed cryptocurrency at a conference over the weekend. Trump said that if elected, he would make the US the world's cryptocurrency leader and end the "persecution" of the crypto industry. Kamala Harris' advisers have reportedly contacted major crypto companies to "reset" the Democratic Party's relationship with the industry. Trump's comments come as the SEC has ramped up crypto-related enforcement actions, and Gensler has called bitcoin "speculative" and used for illegal activities.
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00:00It's Benzinga, and here's what's on the block.
00:02Bitcoin's price rose over 3% to hit its highest level in more than six weeks after
00:07Donald Trump backed cryptocurrency at a conference over the weekend.
00:11Trump said that if elected, he would make the U.S. the world's cryptocurrency leader
00:14and end the persecution of the crypto industry.
00:18Kamala Harris' advisers have reportedly reached out to major cryptocurrencies to reset
00:22the Democratic Party's relationship with the industry.
00:25Those comments come as the SEC ramped up crypto-related enforcement actions, and Gensler
00:30had called Bitcoin speculative and used for illegal activities.
00:33For all things money, visit Benzinga.com.