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  • Trump's Crypto "Commandments" - Will Day 1 List of Promises Come to Fruition & What Does it Mean for Crypto?

Trump's Crypto "Commandments" - Will Day 1 List of Promises Come to Fruition & What Does it Mean for Crypto?

Author

Austin Hodge
November 07, 2024 • Read Time: 15 minutes

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Donald Trump’s return to the Oval Office as the 47th President has sparked a seismic shift in the cryptocurrency landscape. In a whirlwind of promises, from broadly supported actions like aiming to transform the US into the “crypto capital of the world” and firing SEC Chairman Gary Gensler, to more “controversial” positions such as relying on Crypto to solve the national debt crisis and promising to kill any US CBDC talks, Trump has injected fresh momentum into the digital asset market.

His vision, notably embracing Bitcoin with unprecedented fervor, is already driving institutional crypto activity and Bitcoin prices to dizzying heights, hitting a record peak of $75,385 before a slight retreat. With plans to build a crypto-friendly government and slash the nation’s debt using Bitcoin, the Trump era 2.0 is set to redefine the cryptosphere.

Let's dive in!

  • Trump's election sees Bitcoin hit record highs, alongside promises to transform the US into a global crypto hub. — Read More

  • Crypto sector spends $238M to back 247 pro-crypto candidates sweeping House and Senate races. — Read More

  • Crypto liquidations decline significantly following Bitcoin's post-Trump election surge to an all-time high. — Read More

  • Iranian Rial crashes to new depths following Donald Trump's election victory, sparking market concerns. — Read More

  • JPMorgan plans on-chain FX settlement for instant dollar-euro exchange using JPM Coin in early 2025; renames its Onyx platform to Kinexys — Read More

  • Russia identifies strategies to reduce reliance on the US dollar, promote economic autonomy. — Read More

  • BRICS countries strengthen ties, signaling expanded global economic influence. — Read More

  • Bank of England cuts interest rates to 4.75% following UK inflation drop, aligning with market expectations, cautious of fiscal impacts. — Read More

  • Crypto market eyes Fed for expected 25bps rate cut amid inflation pressures and economic uncertainties. — Read More

  • Mercari reports a ninefold revenue increase for its Melcoin crypto exchange, reaching $1.8 million in Q3 2024. — Read More

  • Ex-employee's concealed code converts company resources into personal crypto mining operation. — Read More

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