🚨 Breaking: Donald Trump Elected 47th President!
Trump’s stronghold in key swing states like Pennsylvania and Michigan secured his victory, with major networks like Fox News and AP confirming the win. Trump has already laid out bold promises for the crypto space, pledging to “end the war on crypto” and positioning the U.S. as the “crypto capital of the planet.” His policy outline includes potentially firing SEC Chair Gary Gensler—known for his strict approach to crypto regulation—and supporting crypto advocate Hester Peirce as a possible replacement.
According to Coinbase’s Stand With Crypto tracker, pro-crypto candidates made significant headway across the U.S., with nearly every state now represented by at least one pro-crypto lawmaker. This shift in legislative power promises stronger advocacy for policies supporting digital asset growth, blockchain innovation, and possibly even clearer guidance on stablecoins and DeFi.
The crypto sector is optimistic as industry leaders see Trump’s victory as a death knell for anti-crypto sentiment in the U.S. Dennis Porter, co-founder of Satoshi Action Fund, declared that the "anti-Bitcoin movement died last night." Many in the community are hopeful this administration will bring clarity to crypto policy, reduce regulatory pressures, and potentially lower barriers to institutional crypto adoption.
With a Trump-led administration and a growing contingent of crypto-friendly legislators, expectations are high for rapid shifts in the regulatory landscape. The fate of the SEC’s leadership and the impact of a pro-crypto White House on regulatory bodies like the Federal Reserve will be focal points as the new administration takes shape.
Now, let's see if Gensler gets kicked out of the SEC and how the $BTC price will develop!
