In 2024, Donald Trump won the US Presidential election, defeating Democratic candidate Kamala Harris. He promised pro-crypto policies like a national Bitcoin reserve and support for US mining operations. Trump’s family launched World Liberty Financial as a sign of commitment to the cryptocurrency sector.
During the campaign, he promised to create a Bitcoin “stockpile” for the Federal Reserve and remove SEC Chairman Gary Gensler. The Republican Party’s platform stated that it wanted to end the “unlawful and un-American crypto crackdown” and opposed a Central Bank Digital Currency (CBDC). The cryptocurrency market reacted positively to the election results, with Bitcoin reaching a new all-time high in anticipation of potential gains.
The election results have sparked discussions about the future direction of cryptocurrency regulation in the US, particularly regarding the SEC’s approach to digital assets.
