🔈Let's discuss the situation with Trump and, in general, why we saw a positive market reaction after the failed attempt on his life.
Let's start with the simplest, it's no secret that Biden and Trump's campaign race is underway right now, they are the ones who are garnering the most audience votes. Trump is touching on quite a few hot-button issues in his campaign, including the cryptoasset market.🌐
Some voters have donated a solid amount of money in crypto for the campaign program. Clearly, this is for a reason and Trump will be pushing some legislation in Congress to loosen regulation on the digital asset market. 🏦
In addition, it's worth noting that Trump is a crypto fan himself, owning his own MAGA(#TRUMP) coin and NFT collection. He is well aware that digital currencies are the future and it's a field that should be developed, rather than trying to regulate it to the point where it becomes impossible to use. 📈
He recently made a statement that if he became president, he would loosen SEC regulation on cryptocurrencies. A lot of cryptocurrency companies in the US are spending a lot of money on litigation with the SEC, which just prevents them from developing, what is #XRP🪙 and their legal hardships that have been going on for years, so far it has cost over 100 million dollars to resolve legal issues with the SEC.
So, to summarize - we can say that Trump and his policy on crypto will undoubtedly affect the price of digital assets in a positive way and the moment with the attempt on his life has attracted the attention of voters even more, raising ratings. The market was not left out and #BTC rose to $60+k.
🤔It might be worth looking at Maga(#TRUMP) tokens in your portfolio....
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