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Trump's victory in November will signify a shift towards more favorable regulatory conditions for the US crypto industry

Trump's victory in November will signify a shift towards more favorable regulatory conditions for the US crypto industry

Bitget2024/06/28 02:02

Analysts believe that Trump is seen as an innovative candidate in the cryptocurrency field. The well-known figures in the cryptocurrency field, the Winklevoss twins, have donated $2 million worth of Bitcoin to Trump's campaign to express their support for him. This move indicates that both crypto and traditional finance (TradFi) communities increasingly view Trump as an innovative candidate. In addition, analysts believe that a victory for Trump in November would mark a shift towards more favorable conditions for regulation in the U.S. cryptocurrency industry. During his campaign, Trump has shown support for Bitcoin and other cryptocurrencies, which contrasts sharply with the current government's more cautious and strict regulatory approach. The Trump administration may prioritize establishing a clear and supportive regulatory framework to encourage innovation and investment in the cryptocurrency field.

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