According to TechFlow, Matrixport's official report said that US President-elect Trump nominated three key cabinet ministers to head the Treasury, Commerce and SEC respectively. These candidates are considered to be friendly to cryptocurrencies, aware of the importance of digital assets in the modern financial system, and are expected to promote the integration of cryptocurrencies into the US economy.
If the nomination is realized, 2024 may witness a DeFi renaissance, and traditional finance will integrate DeFi and blockchain technology. Although regulations will be clearer, cryptocurrency applications may become the biggest winner of the election. This change may force other countries to accept cryptocurrency and accelerate global adoption. Matrixport said that the possibility of establishing a strategic Bitcoin reserve has increased, but the United States may not actively purchase Bitcoin.
