Trump support

Matrixport: Three key cabinet minister candidates under Trump support Bitcoin, and the U.S. may become a beneficiary of MiCA

ChainCatcher news, Matrixport released a report stating that the elected President Trump has nominated three key cabinet minister candidates, who will respectively head the U.S. Department of the Treasury, the Department of Commerce, and the Securities and Exchange Commission (SEC). These candidates are generally considered to have a friendly attitude towards cryptocurrencies and are aware of the inevitability of digital assets in the modern financial system. Their nominations are expected to further integrate cryptocurrencies into the U.S. economy.Ironically, the U.S. may become a beneficiary of MiCA. During Trump's second term, his pro-cryptocurrency ministerial team is expected to focus on integrating cryptocurrencies into the U.S. economy to drive technological innovation and economic growth. The domestic debate in the U.S. has shifted from merely establishing a regulatory framework to fully embracing cryptocurrencies as a driver for creating economic opportunities and advancing technological progress. The possibility of the U.S. establishing a strategic Bitcoin reserve is increasing. However, the U.S. may not actively purchase Bitcoin but rather indefinitely hold the Bitcoin it already possesses.If the aforementioned nominations come to fruition, Bitcoin as digital gold may evolve into a revival of decentralized finance (DeFi), and the digitization of the U.S. financial economy could make cryptocurrency applications the biggest winner of this election. This shift may also force other countries and regional governments to accept cryptocurrencies, accelerating their global adoption. In the scenario of a revival of decentralized finance (DeFi), Ethereum may catch up.
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