🔥 #TRUMP Sparks Crypto Renaissance — US Becomes the New Bl
MD AMINULL Islam 123
Updated at: 3 hours ago
{"content":"🔥 #TRUMP Sparks Crypto Renaissance — US Becomes the New Blockchain Frontier
US crypto regulation is becoming clearer and friendlier under pro-crypto President Donald Trump.
The GENIUS Act, Strategic Bitcoin Reserve, Trump-baked World Liberty Financial, and pro-crypto regulators are important.
In 2024, crypto-friendly Donald Trump won the US presidential election, launching a major cryptocurrency push. Blockchain companies like Coinbase and Strategy rose after Bitcoin reached a new high of $76,400 on November 6, the day after the US presidential election, surpassing its March 2024 high of $73,777.
Instead of the Biden administration's over 100 SEC enforcement proceedings against crypto businesses, Trump vowed to reform US crypto policy throughout his presidential campaign.
The good crypto development began on November 21 when US SEC Chair Gary Gensler resigned, effective January 20, President Trump's inauguration day. Gensler has traditionally opposed digital asset regulations, therefore this announcement boosted crypto prices.
CryptoQuant's data below reveals that major investors' Bitcoin holdings grew from -0.25% on January 14 to +2% on January 17, the greatest monthly pace since mid-December. BTC reached a record $109,588 on Trump's inauguration day on January 20 due to rising demand.
Trump's personal digital asset investment and interest
The Trump family established World Liberty Financial (WLFI), an Ethereum-based DeFi initiative sponsored by Donald Jr., Eric, and Barron, in September 2024. Although the endeavor has been criticized for possible conflicts of interest, crypto fans see this as a sign of Trump's support for digital currencies, bolstering market confidence.
Many crypto celebrities and companies have acquired WLFI tokens, including Justin Sun, Tron's founder, Aqua 1 Foundation, UAE-based venture fund, ALT5 Sigma Corporation, and more.
Arkham data reveals WLFI possesses $460.42 million in Ethereum (ETH), Aave (AAVE), Chainlink (LINK), and other currencies. The USD1 stablecoin from DeFi is backed 1:1 by the US Dollar.
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