Coinbase CEO Brian Armstrong would meet with Senate Democrats, Republicans, and White House officials. Coinbase CEO Brian Armstrong said he is heading to Washington, D.C., to meet with Senate Democrats, Republicans, and White House officials as momentum builds for long-awaited crypto market structure legislation.

Tether (CRYPTO: USDT), and the Winklevoss twins' Gemini are among key donors helping fund President Donald Trump's new White House ballroom project. What Happened: The crypto

President Trump has pardoned Changpeng Zhao, the founder of cryptocurrency exchange Binance, the White House said Thursday. Zhao, who previously served as CEO of Binance, pleaded guilty to

Since the election, the Trump family's crypto venture has "generated more wealth ... than any other part of the president's business empire," according to the Wall Street Journal.

Changpeng Zhao helped finance the president’s stablecoin and helped put money in the Trumps' pockets, all while lobbying for a pardon. Evidently, it worked.

Trumps family crypto company, World Liberty Financial, secured $2B from the UAE, just as Trumps White House greenlit chip sales to them. Dan Abrams breaks down how Trump blurred business and policy while denying any conflict of interest.

Secondly, as larger institutions have developed and deployed crypto and other on-chain products and services, the risk tolerance of these newer investors may be lower than more veteran players, which might have compounded the sell-off.

During his remarks at the White House in July, President Trump admitted that he knows absolutely nothing about crypto. Trump asked, "I don't know; what do you think?"