With Trump reportedly elected as the 47th President of the United States, the crypto community is buzzing amid a market rally. Here are three crucial points for those in the industry to monitor:
1. Potential SEC Leadership Change
A new administration often brings changes to regulatory bodies, and Trump has previously hinted he’d consider replacing SEC Chair Gary Gensler with someone more crypto-friendly. A softer SEC stance could unlock growth for innovative projects, reminiscent of the DeFi summer’s rapid expansion.
2. Bitcoin as a Federal Reserve Asset?
Some in Trump’s circle have floated the idea of including Bitcoin in the U.S. strategic reserves. Given global uncertainties, positioning Bitcoin as a reserve asset could boost its global standing and potentially drive its price to new highs.
3. DeFi’s Potential Role in Financial Transformation
Trump’s recent ventures like World Liberty Financial suggest he sees promise in DeFi, which could challenge traditional banking. A pro-DeFi administration might push to reduce regulatory hurdles, paving the way for a financial shift that could place the U.S. at the forefront of DeFi innovation.
