Big News in the Crypto World: Trump to Form a New Cabinet, Fully Supporting Cryptocurrency
Have you heard? Trump is coming back, and this time he plans to have his new cabinet members align with cryptocurrency, determined to make the United States the 'Crypto Capital of the Earth.' This is not just a rumor; several crypto media outlets have reported this.
How does Trump plan to do this? He intends to find people who are friendly to cryptocurrency to hold important financial regulatory positions. Places like the SEC and the CFTC need to be led by individuals who understand and support cryptocurrency. Once this news broke, the crypto community was buzzing, feeling that Trump is really serious about making a big move this time.
Moreover, it is said that for the position of chairperson of the SEC, Trump wants 'the mother of cryptocurrency' Hester Peirce to take the seat. Ms. Peirce is quite a prominent figure in the cryptocurrency space; she has always been friendly towards cryptocurrency and often criticizes overly harsh policies against it. If she actually becomes the chair of the SEC, the future for cryptocurrency will surely improve.
Next, let's talk about the candidates for the Senate Majority Leader. Musk conducted a poll on Twitter asking who people would want to be this leader. As a result, the pro-cryptocurrency Rick Scott is far ahead. Mr. Scott is a staunch supporter of cryptocurrency; he has even stated that the government has no right to monitor Americans' finances and transactions.
Also, analysts from Standard Chartered have spoken up, suggesting that the new government may be more friendly towards digital assets, and might even abolish some unfavorable policies against cryptocurrency. They also predict that by the end of 2026, the overall market value of digital assets could rise from the current $25 trillion to $10 trillion!
This news has truly delighted those in the cryptocurrency community. It seems that Trump is really set to soar with cryptocurrency this time!
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