As the US election approaches, Donald Trump is leading the way.
Trump has publicly supported the digital asset industry, promising to allow the US to operate in the field and reduce the sentence of Silk Road founder Ross Ulbricht. This supportive stance on cryptocurrency has been welcomed by the community and is in stark contrast to the more conservative approach of the current administration.
As the US presidential election approaches, Donald Trump's commitment to cryptocurrency has distinguished him from the Democratic candidates and put him in a leading position in the prediction market.
The impact of Trump's friendly policies on cryptocurrency is also reflected in market activities. One notable example is that a trader has made a lot of money from the Trump-themed cryptocurrency MAGA, highlighting how political support can affect market dynamics.
So if Donald Trump is elected as the US president, it will be very good news for the cryptocurrency market.
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