RedStone Co-founder: The Trump Administration May Significantly Boost DeFi Growth

2024-11-17 10:31:00

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ChainCatcher news, according to Cointelegraph, RedStone co-founder and COO Marcin Kaźmierczak stated in an interview that the incoming Trump administration "could significantly drive the expansion of DeFi," adding that "such a government might support policies that push DeFi from niche to mainstream, catalyzing innovation and an influx of investment."

He also noted that a rise in Bitcoin prices "typically" triggers an increase in DeFi service activity, and added, "As BTC continues to rise, it not only climbs in isolation but also boosts the entire DeFi industry."

Kaźmierczak claimed that the Trump administration might adopt cryptocurrency-friendly policies, easing regulatory barriers and encouraging innovation. "Under Trump's leadership, a bull market for DeFi platforms is expected, which could rewrite the rules of digital finance," he stated, mentioning that Trump and his team forked Aave and created the crypto project World Liberty Financial (WLFI).

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