Analysts say Trump presidency marks ‘a turning point’ in US crypto policy
A crypto-friendly US government marks “a turning point” in regulating cryptocurrencies and could form the base for new highs for Bitcoin and other digital assets.
The United States is ready to usher in a new era with the Jan. 20 inauguration of Donald Trump as the 47th president. The ceremony marks Trump’s triumphant return to the White House after a four-year hiatus during former President Joe Biden’s administration, and it is already massively lifting spirits and prices across the cryptocurrency market.
Trump’s return aligned with Bitcoin (BTC) price soaring to new highs as anticipation builds for an industry-friendly approach to emerging technologies. Trump’s appointments of crypto-friendly staff to his cabinet, including prominent Silicon Valley investor David Sacks as White House Crypto Czar also has investors feeling optimistic for the future of the industry.
In an interview with Cointelegraph, Eugene Epstein, the head of trading and structured products at Moneycorp, said,
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Author: David Feliba
