Yahoo Finance

President Trump’s embrace of digital currencies has unleashed a flurry of crypto deals, with companies seeking to capitalize on lighter U.S. regulation and what they hope will be growing mainstream interest in the sector. This week brought the debut of Twenty One Capital, a new bitcoin company that plans to go public through a $3.6 billion merger with a special-purpose acquisition company led by Brandon Lutnick, son of Commerce Secretary and close Trump confidant Howard Lutnick. The Twenty One merger is the third crypto deal valued at more than $1 billion to be announced in less than two months.