TRM Labs Chief Legal and Government Affairs Officer Ari Redbord stated that during President Trump's term, America's enthusiasm for cryptocurrencies was akin to the space race.
In an interview with CNBC's Squawk Box, Redbord mentioned that 'people are policy' and emphasized that the cabinet members nominated by Trump so far all support cryptocurrencies, such as Paul Atkins being appointed as the new chairman of the U.S. SEC and David Sacks being named the 'crypto czar.'
He added, 'This enthusiasm, I think, is a rhythm, almost a space race, and the U.S. is now able to keep up with and even surpass other countries in the world.'

With Bitcoin breaking the $100,000 mark again on January 6, Redbord stated that positive policy shifts, such as establishing a strategic BTC reserve in the U.S., will drive value creation for the asset.
He also expressed excitement about the widespread use of blockchain technology in the U.S. and cited examples of fintech companies like Stripe using stablecoins for payments. Although investors view Bitcoin as a comprehensive store of value, Redbord said that the expansion of blockchain applications in financial transactions will foster growth in the crypto industry.
Redbord did not share specific price targets for Bitcoin but indicated that Bitcoin will 'rise significantly' under the push for establishing a strategic Bitcoin reserve in the U.S.