President Trump’s support for cryptocurrencies after his return to office could have the following impacts on the global cryptocurrency landscape:
US policy shift: Trump promised to make the United States the "global cryptocurrency capital", plans to establish a national Bitcoin reserve, and support the development of the Bitcoin mining industry. Tencent News This may enable the United States to occupy a more dominant position in the global cryptocurrency field.
Global Regulatory Competition: As the United States relaxes cryptocurrency regulations, other countries may adjust their policies to remain competitive, potentially leading to a more relaxed regulatory environment worldwide.
Improved market confidence: The support of the U.S. government may enhance investors’ confidence in cryptocurrencies, attract more institutional and individual investors into the market, and drive up cryptocurrency prices.
Accelerated technological innovation: Policy support may promote the research and development of blockchain and encryption technologies, promote the emergence of new applications and services, and accelerate industry innovation.
After Trump officially took office, it has a positive effect on the global landscape of cryptocurrency!
