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TRM Labs Executive: The Enthusiasm for Cryptocurrency in the U.S. During Trump's Administration is Similar to the "Space Race"

ChainCatcher news, TRM Labs' Head of Legal and Government Affairs Ari Redbord stated that during President Trump's term, the enthusiasm for cryptocurrency in the U.S. was akin to the space race.In an interview with CNBC's Squawk Box, Redbord mentioned that "people are policy," emphasizing that the cabinet members nominated by Trump so far support cryptocurrency, such as Paul Atkins being appointed as the new chairman of the U.S. SEC and David Sacks being appointed as the "crypto czar."He added, "This enthusiasm, I believe, is a rhythm, almost a space race, and the U.S. is now able to keep pace with and even surpass other countries around the world."As Bitcoin once again broke the $100,000 mark on January 6, Redbord stated that positive policy shifts, such as establishing a strategic BTC reserve in the U.S., will promote the value creation of this asset.He also expressed excitement about the widespread use of blockchain technology in the U.S., citing examples of fintech companies like Stripe using stablecoins for payments. Although investors view Bitcoin as a comprehensive store of value, Redbord indicated that the expansion of blockchain applications in financial transactions will drive growth in the crypto industry.Redbord did not share a specific price target for Bitcoin, but he stated that driven by the establishment of a strategic Bitcoin reserve in the U.S., Bitcoin will "rise significantly."
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