The largest economy in the United States is witnessing positive developments in the cryptocurrency sector. However, some indicators suggest a lack of enthusiasm among American investors. Changes in the cryptocurrency market leading up to the presidential elections have heightened expectations regarding potential policies from Trump.
Executive Order Expectations
According to Bloomberg, President-elect Donald Trump may issue an executive order making cryptocurrencies a national priority. This order could establish an advisory board to advocate for the political objectives of digital assets, giving the cryptocurrency industry a voice.
Response from the Crypto Industry
Trump has shifted from his previously negative stance on cryptocurrencies, embracing the industry. This shift has increased expectations that regulations will ease, promoting the widespread adoption of digital assets. The crypto industry hopes the Trump administration will fulfill its promises starting January 20.
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