During his US presidential election campaign, Donald Trump showed support for the crypto industry and its backers, including Elon Musk, Robert F. Kennedy Jr., and Howard Lutnick. The price of bitcoin reached a record high, crossing the $75,000 mark, indicating positive market expectations for a Trump administration.
Trump promised to prevent the government from selling its bitcoin holdings, creating a state crypto reserve, and replacing Gary Gensler with a new crypto advisory board that would support the industry. He also emphasized the importance of US Bitcoin mining, aiming to overtake China in this sector. Trump’s plans could provide a significant boost to the crypto industry, making the United States an increasingly important market player in the world of digital assets.
