President-elect Trump has nominated three key cabinet ministerial candidates to head the U.S. Treasury, Commerce and Securities and Exchange Commission (SEC). These candidates are generally considered to be friendly to cryptocurrencies and are aware of the inevitability of digital assets in the modern financial system. Their nominations are expected to promote the further integration of cryptocurrencies into the U.S. economy.
Ironically, the United States may become a beneficiary of MiCA. During Trump's second term, his pro-cryptocurrency ministerial team is expected to focus on integrating cryptocurrencies into the U.S. economy to promote technological innovation and economic growth. The domestic debate in the United States has gone beyond establishing a regulatory framework and has shifted to fully accepting cryptocurrencies as a driver of creating economic opportunities and promoting technological progress. It is increasingly likely that the United States will establish a strategic Bitcoin reserve. However, the United States may not actively purchase Bitcoin, but instead retain its existing Bitcoin indefinitely.
If the above nominations become a reality, Bitcoin as digital gold may evolve into a resurgence of decentralized finance (DeFi), and the digitization of the U.S. financial economy may make cryptocurrency applications the biggest winner of this election. This shift may also force other national and regional governments to accept cryptocurrencies and accelerate their global adoption. In the context of a decentralized finance (DeFi) renaissance, Ethereum could be catching up.