- Donald Trump seeks to fulfill his promise of turning the US the “crypto capital of the planet.”
- Trump’s advisors are looking for pro-crypto personnel for federal agencies.
- The advisors are also in discussion with prominent industry advocates for pro-crypto policies.
President-elect Donald Trump plans to deliver on his pro-crypto promises by seeking candidates with crypto-friendly views for key federal positions. His administration aims to shape policies that promote digital asset adoption and a more relaxed regulatory approach to cryptocurrencies.
According to The Washington Post, the incoming administration is evaluating policies and personnel to achieve Trump’s goal of making the United States the “crypto capital of the planet.” His advisors are actively discussing strategies to introduce industry-friendly policies.
It is important to note that Trump’s pro-crypto stance has attracted significant donations from crypto entrepreneurs and industry advocates and hence, the President-elect will have to deliver on his promises. Early discussions for personnel for agencies including the Securities and Exchange Commission (SEC) have begun.
A few individuals familiar with the discussions told The Washington Post that advisers are considering candidates with pro-crypto views, including current regulators, former federal officials, and financial industry leaders. These appointments will likely influence the regulatory framework for digital assets, including Bitcoin adoption by banks and institutions.
Read also: Trump’s Bitcoin Reserve Vision: U.S. Leadership in Digital Currency
Trump’s Victory and Market Rally
Trump emerged victorious in early November while Democratic candidate Kamala Harris lost the 2024 presidential elections. Following his victory, Bitcoin skyrocketed massively in the past few days. The cryptocurrency has printed a new all-time high at $89,956.88 price level around 2 hours ago and eyes $100,000 by year-end.
As per CoinMarketCap data, BTC rallied 8.9% on November 6, when it was clear that Trump would secure victory in the 2024 elections. The cryptocurrency is up 29.50% in the past week and 42.30% in the last 30 days.
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