According to a Bloomberg report, President-elect Donald Trump intends to create a government position to oversee cryptocurrency policies within the White House, the first of its kind.
Highlights:
Objective: To formulate favorable regulatory legislation and restructure federal legislation.
Pledges: End the SEC's hostile campaign against crypto and create a national Bitcoin reserve.
Candidates: Notable figures such as Brian Armstrong and Brian Brooks are currently being interviewed.
Impact: Cryptocurrency markets surge, Coinbase stock hits $300 for first time since 2021.
Market forecast:
Analysts expect the Trump administration to ease regulatory restrictions, boosting the growth of the crypto sector and supporting its major companies like Coinbase.
