Is Donald Trump doubling down on the future of crypto? Trump Media is reportedly in "advanced talks" to acquire cryptocurrency trading firm Bakkt.
Category
📺
TVTranscript
00:00Is Donald Trump doubling down on the future of crypto?
00:03Trump Media, reportedly in advance talks to acquire cryptocurrency trading firm Bakkt,
00:09according to the Financial Times.
00:11The news sent shares of both companies surging, with Trump Media jumping by double digits.
00:16Bakkt, created by the owner of the New York Stock Exchange, saw its shares skyrocket over 160 percent,
00:23triggering multiple trading halts due to volatility.
00:27Former Bakkt CEO, notably Kelly Loeffler, who now co-chairs Trump Inauguration Committee,
00:33left the company in 2019 to serve as U.S. Senator in Georgia.