Cryptocurrency prices ticked up after U.S. President Donald Trump proposed a $2,000 “tariff dividend” for most Americans, suggesting the payments would be funded by revenue from import duties.

Josh Mandel, the former Ohio treasurer who let businesses pay taxes in bitcoin, has revealed a $1.2 million loss on call options tied to BlackRock’s iShares Bitcoin Trust (IBIT).

Ledger, the crypto hardware wallet firm, is considering a New York IPO or private fundraising round in 2026, CEO Pascal Gauthier told the Financial Times.

Top stories in the Crypto Roundup today:

• Crypto Prices Rally On Trump’s  $2K ‘Tariff Dividend’ Plan
• Ex-Ohio Treasurer Who Backed Crypto Tax Payments Loses $1.2M on Bitcoin Options Bet
• Ledger Considers New York IPO or Private Raise

Crypto Prices Rally On Trump’s $2K ‘Tariff Dividend’ Plan

Cryptocurrency prices ticked up after U.S. President Donald Trump proposed a $2,000 “tariff dividend” for most Americans, suggesting the payments would be funded by revenue from import duties.

Bitcoin rose nearly 4% to $106,000, ether climbed 4.95% to top $3,590, and solana gained 4.5% to pass $166. The CoinDesk 20 index also rose 5.66%, rebounding from a sharp weekly drop of nearly 15%.

In a Truth Social post, Trump claimed the U.S. is collecting “trillions” in tariffs and said the money would go toward reducing the national debt and funding the dividend.

But experts say the math, and the plan, don’t add up. Erica York of the Tax Foundation noted that only about $120 billion has been raised so far, far short of the estimated $300 billion needed. And any such payout would need congressional approval, which isn’t guaranteed.

Still, the market reaction suggests traders are betting on the potential for more consumer spending, or at least the idea of it, driving crypto inflows.

Ex-Ohio Treasurer Who Backed Crypto Tax Payments Loses $1.2M on Bitcoin Options Bet

Josh Mandel, the former Ohio treasurer who let businesses pay taxes in bitcoin, has revealed a $1.2 million loss on call options tied to BlackRock’s iShares Bitcoin Trust (IBIT).

Mandel had predicted Bitcoin would reach $444,000 by Nov. 8 and went “all in” on the trade. The options expired worthless.

Known for launching a short-lived crypto tax payment program in 2018, Mandel said the disclosure was meant to be transparent, not promotional. His move comes amid growing interest in bitcoin ETF options, which have seen surging volumes since launching in 2024.

Ledger Considers New York IPO or Private Raise

Ledger, the crypto hardware wallet firm, is considering a New York IPO or private fundraising round in 2026, CEO Pascal Gauthier told the Financial Times.

Gauthier said U.S. markets now lead crypto financing, adding that rising thefts are pushing more users toward offline storage. “We’re being hacked more and more every day,” he said.

Ledger manages $100 billion in bitcoin and saw record revenues in 2025. It was last valued at $1.5 billion in a 2023 round backed by 10T Holdings and True Global Ventures.

State of the Crypto by Top Tier Exchange Volume

Build your project with CoinDesk Data

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.