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"Trump Changes the Mood in the U.S. Crypto Market... Is a Golden Age Coming?"

Source
YM Lee

Summary

  • President-elect Trump is pushing for crypto-friendly policies, changing the market mood.
  • Crypto startups are returning to the U.S., indicating a potential crypto renaissance.
  • Trump is expected to make Bitcoin transactions easier through accounting rule changes and prioritize U.S.-based cryptocurrencies.

It appears that Donald Trump, the President-elect of the United States, is making significant efforts to establish crypto-friendly policies and promote the industry.

On the 16th (local time), the New York Post reported, citing anonymous sources, that "President-elect Donald Trump has been working to promote cryptocurrencies in various sectors even before taking office, leading to a change in the overall mood of the crypto market for many companies."

An anonymous industry insider emphasized, "Recently, crypto startups that had moved overseas are returning, which could lead to a crypto renaissance."

There is also an opinion that President-elect Trump will continue to push forward with full-scale policy initiatives after taking office. An industry insider predicted, "Recently, President Trump met with numerous crypto stakeholders and discussed various policies. It is expected that changes in accounting rules will make Bitcoin transactions easier in the future."

There was also an opinion that policies prioritizing cryptocurrencies issued based in the United States, such as Solana (SOL), Ripple (XRP), and USD Coin (USDC), would be implemented. An industry insider stated, "President-elect Trump showed a very favorable response to an executive order prioritizing the adoption of strategic reserves of digital coins established in the United States, including Solana."

YM Lee

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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