Donald Trump's victory in the US presidential election was an important event for the crypto world. Trump has promised to replace Gary Gensler, the head of the SEC, which could have a positive effect on the regulation of cryptocurrencies. This caused Bitcoin to rise to a new record high of around $75,000, with around $180 million liquidated in short positions. It is believed that Trump's return could also strengthen pro-crypto politics in the US Congress, with more than 247 pro-crypto candidates elected to the House of Representatives and another 15 - to the Senate
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