Trump's Crypto Pivot: What the Digital World Expects from His Administration

How Trump Came Around to Crypto – And What Crypto Wants in Return

The Straits Times reports that with US President-elect Donald Trump's inauguration approaching, cryptocurrency executives are keenly seeking access and influence within the new administration. Jeremy Allaire of Circle has notably contributed $1 million worth of tokens to Trump's inaugural committee, joining other CEOs aiming for a spot on an anticipated crypto advisory council. This group is expected to shape digital-asset policies under Trump's leadership.

Trump's stance on cryptocurrencies has shifted significantly from skepticism to support during his campaign, as he now champions Bitcoin as a symbol of freedom and independence from government control. His pro-Bitcoin rhetoric has attracted backing from notable figures like Elon Musk and venture capitalists Marc Andreessen and Ben Horowitz. The industry hopes for regulatory leniency and more favorable conditions under the incoming administration.

69,000 BTC Could Be Sold by US Government: Gensler Slams Crypto Ahead of Exit

According to Investing.com via U.Today, there is speculation about the potential sale of 69,000 Bitcoins by the US government which could impact market dynamics significantly. Meanwhile, XRP prices have been defending crucial Bollinger Bands levels amidst these developments.

Securities Exchange Commission (SEC) Chair Gary Gensler criticized cryptocurrencies before announcing his exit plans. His tenure saw legal actions against major exchanges such as Coinbase Global over allegations related to unregistered securities sales.

$7,000 Ethereum In Sight? Expert Breaks Down Potential Path

A TradingView analysis suggests optimism among Ethereum enthusiasts due to bullish reversal patterns identified by expert Ali Martinez. Currently trading at around $3,281, after slipping below its rising channel’s middle line; however, if it rebounds off the $2,800 boundary successfully then reaching between $6k-$7k seems plausible according to experts' insights shared through their platform recently!

USDT On TRON Surpasses Ethereum: TRC-20 Transfers Hit 22 Billion

The Coin Republic highlights how Tron outperformed Ethereum regarding stablecoin transfers since 2021 when total transactions reached astonishing heights - $22 billion compared to just a mere fraction seen across the rival network. Despite lagging behind slightly in terms of overall dominance, it still remains a formidable contender, challenging the traditional leader in blockchain space today thanks largely to low gas fees attracting users worldwide rapidly adopting the technology offered here instead of elsewhere costly alternatives available in existing marketplaces globally speaking.

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