Excitement is brewing in the US crypto scene, likened to a "space race," thanks to recent pro-crypto political appointments. Ari Redbord from TRM Labs highlighted on CNBC's Squawk Box that the US is poised to become a major player in the digital asset industry. Key appointments include Scott Bessent as Treasury Secretary and David Sacks as the White House "crypto czar." Redbord noted the growing use of stablecoins by fintechs like Stripe and Cash App. While he didn't predict Bitcoin's price, he expects it to rise significantly, supported by strategic reserves. Market analysts agree Bitcoin is entering a new price discovery phase.
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