内容摘要：Skybenko acknowledged that corporate boycotts may also have unintended consequences, such as funnelling those who lose their jobs into the army.

Skybenko acknowledged that corporate boycotts may also have unintended consequences, such as funnelling those who lose their jobs into the army.

Since Donald Trump’s re-election in November 2024, Bitcoin has surged 60 percent, rising from about $69,539 at close on Election Day to its current record level.The cryptocurrency briefly dropped below $90,000 on February 25, amid market jitters triggered by Trump’s announcement of new tariffs on multiple countries and industries worldwide, before recovering.

What were the policies during the Biden administration?During the Biden administration, government policy on cryptocurrency was mixed, with a plethora of lawsuits brought against crypto firms by then Securities and Exchange Commission (SEC) chair Gary Gensler, who has been replaced under the new Trump administration. There were also major moves to adopt cryptocurrency, with the SEC approving 11 spot Bitcoin ETFs in January 2024.In 2022 and into 2023, the crypto market faced major drawdowns following the implosion of Bahamas-based cryptocurrency exchange FTX in 2022 and the regional banking crisis in early 2023. This led to the Federal Reserve Board releasing statements to banks on the risks of crypto assets, which it has recently withdrawn.

What are Trump’s crypto policies?The crypto industry has emerged as a significant political player, contributing large sums to support Trump and other legislators.

Much of Biden’s crypto policies have been rescinded under the Trump administration, with the US Senate advancing key pro-crypto legislation such as the establishment of the Strategic Bitcoin Reserve and the Digital Asset Stockpile, aimed at maintaining control of Bitcoin seized as part of “criminal or civil asset forfeiture proceedings”.

Trump’s cryptocurrency policies included appointing pro-crypto figures to key regulatory roles, such as naming Paul Atkins as the new SEC chair.The initiative says that it aims to “dismantle the infrastructure that sustains” what it calls the “Hamas Support Network” within 24 months.

What is the ‘Hamas Support Network’, according to Project Esther?The authors claim that groups engaged in advocacy for Palestinian rights are members of the Hamas Support Network (HSN).

They define the supposed network as “people and organizations that are both directly and indirectly involved in furthering Hamas’s cause in contravention of American values and to the detriment of American citizens and America’s national security interests”.In short, the document alleges that the “pro-Palestinian movement” is “effectively a terrorist support network”.