On October 30, wealth management company Mirabaud Group announced that cryptocurrencies could gain from potential looser regulations under a Trump presidency, but this could also pose risks for consumers.
In his report, John Plassard said that a potential Trump administration could undo some of the Biden administration’s regulatory actions and initiate plans such as a national strategic Bitcoin reserve to position the United States as a global leader in cryptocurrency.
While Trump’s relaxed regulatory approach might attract more investment and innovation into the crypto realm, it has also raised some concerns about increased risks of fraud and insufficient consumer protection.
(Source: Golden Ten, Source Link)
