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Battle lines drawn: Trump advocates for crypto while Biden looks to regulate the industry

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The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

The 2024 Presidential race is starting to heat up and crypto is shaping up to be a key campaign issue, with Trump falling in the pro-crypto crowd while Biden backs the SEC. - The gold market continues to consolidate but at elevated levels, as the U.S. labor market appears to be losing momentum after more American workers applied for first-time unemployment benefits.

A recent survey shows that Americans agree the current financial system is broken, but fixing the problem is challenging, and crypto is not ready to serve as a viable replacement.Bitcoin price stalls amid lull in ETF flows, but on-chain data suggests 300% upside Wednesday saw another day of volatile consolidation for the crypto market as Bitcoin struggled to hold support at $62,000 while stocks traded mixed.PBoC buys gold for 18th straight month, but April also marked second month of sharply lower purchases

 

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