Though Rumble did not specifically mention Trump or his attempts to establish a strategic Bitcoin reserve and crypto stockpile at the federal level, Pavlovski’s social media posts suggested strong support for the US president’s policies. Rumble’s cloud currently hosts Trump’s social media platform, Truth Social — the president’s primary method for public communications — and entered into an agreement with El Salvador’s government in January to provide services.
The share price of Rumble stock has fallen roughly 34% since Jan.1. US government could soon hodl BitcoinSince Jan.20, the Trump administration has deepened ties between the US government and the crypto industry through executive action and policies. The US Securities and Exchange Commission, one of the biggest financial regulators in the country, announced it would be dropping investigations and enforcement actions against many crypto firms over allegations of unregistered securities offerings.
Related: Tether pours $775M into video-sharing platform RumbleWith Bitcoin on its balance sheet, Rumble joins a list of companies that have invested in crypto following the November election, including AI firm Genius Group and software company Semler Scientific.
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Author / Journalist: Cointelegraph by Turner Wright
The story "Rumble embraces Trump-era crypto strategy with $17M BTC purchase" has 393 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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