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US government might use tariffs to buy bitcoin According to a Trump Administration official, it’s legally possible for the US government to use tariff revenue to buy bitcoin (BTC). A mandate in Donald Trump’s executive order establishing the US Strategic Bitcoin Reserve (SBR) said that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick “ shall develop strategies for acquiring additional Government BTC provided that such strategies are budget neutral and do not impose incremental costs on United States taxpayers.” One of these strategies could be tariff revenue, according to Bo Hines, executive director of the President’s Council of Advisers on Digital Assets. Indeed, in a White House interview with Anthony Pompliano, Hines said he was looking to present “creative” strategies to Bessent and Lutnick that “left no stone unturned,” including tariff revenues or the revaluation of Treasury’s statutorily priced gold certificates. Hines reiter...

Despite its recent correction to kick off the New Year, the cryptocurrency market has plenty of optimism around Chainlink (LINK). LINK is recovering from a 13% dropoff to start the year, and analysts are bullish on the asset to rebound. Amid a crypto market recovery, LINK is currently outperforming Bitcoin and Solana (SOL). The incoming Trump administration has investors turning to popular coins on the market like DOGE, SOL, and BTC. LINK, however, is topping them all, with even AI aggregators predicting great performance ahead. OpenAI’s advanced ChatGPT-4o model offers a bullish outlook for Chainlink. Indeed, the software projects that LINK could trade between $30 and $35 by the end of Q1 2025, with the potential for further growth if key catalysts materialize. One of the biggest catalysts is expected to be the official inauguration of Donald Trump as the next US president. His support for cryptocurrency and plans to enact executive orders supporting digital assets as soon as possible...

Coinbase CEO Brian Armstrong will meet with US President-elect Donald Trump as he continues to announce staff picks for his administration and government department heads, the Wall Street Journal (WSJ) reported . The incoming US President plans on meeting privately with Armstrong to discuss potential personnel appointments, according to the Nov. 18 report.  Brian Armstrong And Coinbase Prepared To Work With Trump Administration Armstrong does not appear to have donated directly to Trump’s 2024 campaign or any political action committees (PACs) directly supporting the Republican. Prior to the US presidential election, however, the Coinbase CEO did say that the leading US exchange platform would be prepared to work with a Trump administration. Earlier this year at the Bitcoin 2024 Conference, Trump made an appearance and said that he plans on establishing a “Bitcoin and crypto presidential advisory council.” This council, once formed, would be tasked with desi...