The cryptocurrency market is experiencing a surge of optimism following signals of a pro-crypto policy shift from the incoming administration under President-elect Donald Trump.
Industry Cheers Pro-Crypto Pivot…
Key figures and investors in the crypto space have expressed relief at the anticipated policy change, buoyed by appointments of crypto-friendly individuals to prominent positions, including David Sacks as AI and crypto czar, and Paul Atkins as the nominee for SEC Chair.
These moves, coupled with expectations of executive orders designed to establish a Bitcoin reserve, according to New York Post and halt debanking practices, signal a new era for the industry in the US.
Frank Chaparro, an early Bitcoin (CRYPTO: BTC) investor, emphasized the magnitude of this shift, describing it as “a seismic change in the approach and tone of the government.”
He added that banks, which were previously discouraged from working with crypto firms, are expected to become active participants in the sector.
Previously, many startups, …
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