ChainCatcher news, according to Fortune, at the Singapore FinTech Festival, Paxos CEO and co-founder Charles Cascarilla stated that Trump's re-election could bring about a "golden age of cryptocurrency." He noted that Trump's campaign has a clear crypto theme, and the new government is expected to unleash long-standing demand, transforming the U.S. from a laggard into an industry leader.Crypto.com President Eric Anziani believes that the U.S. has begun to shift towards a more crypto-friendly stance, with the SEC's approval of Bitcoin and Ethereum ETFs earlier this year being a clear signal.Binance CEO Richard Teng also pointed out that the launch of Bitcoin ETFs in markets like Hong Kong, Australia, and Ghana indicates that global regulators are starting to view cryptocurrencies as mainstream assets.

ChainCatcher news, according to The Block, one week before the U.S. election, Paxos CEO Charles Cascarilla urged presidential candidates Harris and Trump to create a more favorable regulatory environment for digital assets and to establish a regulatory framework for stablecoins.In a letter sent to the two candidates on Tuesday, Cascarilla stated, "As the CEO and co-founder of Paxos, one of the leading companies in the tokenization and blockchain infrastructure space, I urge you to implement a more favorable and clearer regulatory environment for digital assets." Cascarilla also warned that if the next government fails to follow through, the future of financial regulation could be at risk. He criticized the current cryptocurrency regulatory environment, stating that it is "not conducive to financial innovation."

ChainCatcher news, according to Cointelegraph, Paxos CEO Charles Cascarilla has sent an open letter to major presidential candidates in the U.S., urging them to adopt stablecoins to maintain the global dominance of the dollar and improve the inefficiencies of the traditional banking system.Charles stated that the next presidential administration could determine the future leadership of the U.S. in the global financial industry. Blockchain and stablecoins are "reshaping the financial system," allowing it to coexist with the internet."Stablecoins or digital dollars (dollars digitized through blockchain technology) are a key upgrade to the payment system that will fundamentally change the flow of money, allow more people to participate in the global economy, and ensure the dollar's dominance in the coming years."

According to ChainCatcher news, the official website shows that three Chinese individuals, including former Paxos CEO, Scroll co-founder, are directly involved in the Trump family's crypto project WLFI. Former Paxos CEO Rich Teo serves as a team member, taking on the role of stablecoin and payment supervisor; Scroll co-founder Sandy Peng and Ankr founder Ryan Fang join as advisors.

ChainCatcher news, according to The Block Pro, former CEO of blockchain financial services company Paxos, Rich Teo, has joined the Trump family's crypto project WLFI as the head of stablecoin and payment operations.