Donald Trump To Make US “Crypto Capital” With Pro-Crypto Candidates: Report

Quick Summary:

President-elect Donald Trump is preparing to shift the U.S.government toward a more crypto-friendly stance, aiming to fulfill his campaign promise to make the U.S.the "crypto capital of the planet.” To support this objective, Trump is reportedly considering industry-friendly candidates for key financial regulatory positions, focusing on individuals with pro-crypto views.

For instance, Cardano founder Charles Hoskinson expressed a desire to collaborate with the U.S.government to develop clear and consistent regulations for the industry.

Concurrently, Donald Trump’s unqualified support for cryptocurrency has sent a ripple through the markets, contributing to BTC price rally to an all-time high of over $89,000.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: US crypto legislation 24/7 Cryptocurrency News Donald Trump Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 02:43:46 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23541560

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 37 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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