Coinbase executive: What Trump needs to do is show that the U.S. is ready to lead in the cryptocurrency industry

2025-01-17 19:55:07

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ChainCatcher news, Trump vowed to sign a series of executive orders covering various industries and issues within the first few days of returning to the White House. Kara Calvert, Vice President of U.S. Policy at Coinbase Global Inc., stated, "What I think Trump is going to do is signal that America is back, and we are ready to lead in this industry, sending a message to other countries: be careful, or you will fall behind."

Despite facing regulatory setbacks during Biden's administration, the development of cryptocurrency in the U.S. continues to expand. Several major financial firms, including the world's largest asset management company BlackRock Inc., launched Bitcoin and Ethereum spot exchange-traded funds (ETFs) last year. BNY Mellon has been working to expand its cryptocurrency custody business, while Cantor Fitzgerald announced plans to launch a Bitcoin financing business.

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