Trump’s Pro-Crypto Stance Fuels Bitcoin Surge To New Highs
The incoming Trump administration is reportedly considering creating a “crypto czar” role to oversee cryptocurrency policy, signaling a bold shift in federal governance.
According to Bloomberg, this position would centralize crypto regulation and maintain direct communication with the president, reflecting the sector’s growing importance. President-elect Trump has vowed to replace SEC Chair Gary Gensler, reduce regulatory barriers, and create a presidential advisory group for digital assets. Meetings with industry leaders like Coinbase CEO Brian Armstrong highlight his intent to align the U.S. as a global crypto leader.
Speculation over a national bitcoin reserve and potential acquisition of crypto platform Bakkt by Trump Media has fueled optimism, with bitcoin surging past $94,000. The nomination of Howard Lutnick, a crypto advocate, as Secretary of Commerce further emphasizes the administration’s crypto-forward stance.
Clever Robot News Desk 21st November 2024
