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Nvidia (NVDA) on Monday quickly slammed newly released Biden administration rules to regulate chip sales to foreign countries.

The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin has become a popular store of value for investors due to its decentralized nature, capped supply, and secure system called the blockchain. As a result, Saylor predicts Bitcoin could soar to $13 million per coin by the year 2045, which would translate to an eye-popping 13,031% gain for investors who buy it at the current price of about $99,000.

(Bloomberg) -- Switzerland is set for some self-reflection on its relationship with money, if the country’s Bitcoin evangelists get their way. Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunWhat LA’s Fires Mean for the City’s Housing ShortageIn a City of Sprawl, Wildfire Evacuation Is Getting HarderWill Americans Ever Lose Their Taste for Telework?Amid intensified global interest in the cryptocu

According to data compiled by S&P Global Market Intelligence, popular utility token Solana (CRYPTO: SOL) rose by almost 15% over that stretch -- and that was a modest gain compared to other cryptos. While they're certainly in a good position to do so -- particularly since the Republicans control both chambers of Congress -- there's always a fair distance between an administration's promises and actual implementation.

Gensler’s Gray Area: Will Trump Bring Clarity to Crypto?

President-elect Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office, according to three people briefed on the plan. Trump, who courted crypto cash on the campaign trail with promises to be a "crypto president," is expected to sign an executive order creating a crypto advisory council, an idea he first floated in July, said two of the sources who requested anonymity to discuss private deliberations. Bloomberg News first reported on Thursday that Trump was planning to issue an executive order creating a crypto council, which would help advise the government on crypto-friendly policy.

The executive order would make crypto a ‘national priority.’