‘Crypto’ rejoices as Trump’s win expected to turf guardrails

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Following Trump's re-election, the BTC token posted a new all-time high of just over$75,350, eclipsing its previous record of $73,800 set this March.

The post Crypto’ rejoices as Trump’s win expected to turf guardrails appeared first on CoinGeek.

Trump has pledged to commute the life sentence of Ross Ulbricht, founder of the Silk Road dark web marketplace, and establish a “strategic national [BTC] stockpile.” Trump has also made vague promises to America’s struggling block reward miners, which presumably will involve access to cheap electricity and reduced environmental constraints.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: Canada

Topics: Regulation Ripple Labs Fairshake Donald Trump Gary Gensler Jerome Powell Howard Lutnick Sherrod Brown United States Securities and Exchange Commission Tim Scott Business Tether Crypto Crime Cartel USDC USDT Kamala Harris Brad Garlinghouse Brian Armstrong World Liberty Financial Paul Grewal Coinbase

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 12:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 2152 words

Reading Time: 12 minutes read

Sentences: 74 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23460961

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