In a surprising turn of events, former US President Donald Trump has secured a second term as the president of the United States. Trump made this announcement to a packed crowd at the Republican Headquarters at Mar-a-Lago in Florida following his win in the US Presidential Election. This victory has also led to the Republicans securing victories in both the Senate and the House.
Trump, who won the election with 270 electoral votes, defeated his Democratic challenger, Vice President Kamala Harris, by a landslide. His campaign promises to champion and protect the interests of the US crypto industry have been met with jubilation by some within the crypto community. During his campaign, Trump pledged to loosen restrictions on digital assets and blockchain technology firms in the US.
He promised to support the crypto industry by establishing a national Bitcoin reserve, backing US-based mining, opposing a US Central Bank Digital Currency (CBDC), and advocating for self-custody rights. Additionally, his family’s recent venture, World Liberty Financial, signals a deepening commitment to the sector.
Throughout his campaign, Trump held several public events in support of the crypto industry, including convening with Bitcoin enthusiasts, launching a DeFi platform, and even buying burgers for supporters with Bitcoin at a bar in New York City. Trump’s engagement with the crypto industry has earned him several endorsements from prominent industry players, including ex-Messari CEO Ryan Selkis, Gemini founders Tyler and Cameron Winklevoss, and billionaire Elon Musk.
