How Trump's victory affects cryptocurrencies:
Despite his initial skepticism, the next president has recently adopted a pro-crypto stance, promising to transform the country into a superpower in the cryptocurrency sector and create a favorable regulatory environment. This shift could benefit DEFI (decentralized finance).
His victory has given a boost to the market with Bitcoin surpassing $76,000 and Ethereum nearing $3,000, reflecting investor optimism about the possibility that the new administration will take a more cryptocurrency-friendly direction, an approach that could differ significantly from the European one. During his recent election campaign, he openly supported cryptocurrencies, promising to make the United States the 'bitcoin superpower' and the 'crypto capital of the planet', in addition to ending the war against cryptocurrencies.
His electoral promise has been to make the U.S. the capital of Cryptocurrencies and a strong bet on the mining sector and also to create a strategic reserve of Bitcoin. Another major bet will be to change the head of the SEC to create a clear regulatory environment that facilitates the development of crypto asset projects in the country.
This news is positive for all the projects that were litigating against the SEC of Decentralized Finance, which are the most exposed to regulatory risks.
Now it remains to be seen if all the promises made by Trump will be fulfilled. It opens a debate about the role of social networks in political communication (Elon Musk with X) and about the influence of lobbyists on electoral outcomes, considering that the crypto sector allocated more than $238 million in this election. An amount that surpasses the contributions made by oil and pharmaceutical companies, which traditionally were the biggest spenders.
The U.S. and Europe towards a global crypto market: Trump's flexibility against MiCA's robust regulation.