CandleFocus

How Trump Could Change Crypto

Donald Trump's victory in the US elections is expected to have positive implications for the cryptocurrency industry. Analysts predict a more permissive environment for crypto innovation and regulation as Republicans potentially secure control of the US government. Bitcoin is projected to reach $100,000 and beyond, with increased interest from institutions. Tether (USDT), the largest stablecoin issuer, is likely to see a boost and may further solidify its lead over Circle's USDC. Solana (SOL), the third-largest cryptocurrency, is expected to benefit from a change in leadership at the Securities and Exchange Commission (SEC), potentially resolving regulatory uncertainties. The wider crypto market is also predicted to experience a rally, with decentralized finance (DeFi) assets such as Uniswap (UNI) likely to perform well. Lastly, there is speculation that SEC Chair Gary Gensler, who has been adversarial towards crypto, may step down during Trump's second term.

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