JUST IN: $11.5 trillion BlackRock's Jay Jacobs says regulatory support from the Trump administration will be a "positive" for #bitcoin coin and crypto 🇺🇸

BlackRock's Jay Jacobs, the Head of Thematic and Active Equity ETFs, pointing to regulatory support under a potential Trump administration as a "positive" for Bitcoin and crypto signals optimism for institutional adoption. BlackRock's push for a Bitcoin ETF and its massive $11.5 trillion AUM underline its growing influence in the crypto space.

If Trump’s administration were to return, it could foster a friendlier regulatory environment, accelerating mainstream adoption. This contrasts sharply with the SEC’s current stricter stance under Gensler.

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