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Trump’s pro-crypto leadership could fuel ‘defi renaissance’ in US, analysts say

Author: Content Editor
Analysts at Matrixport believe that the nomination of crypto-friendly leaders to key positions in the U.S. government, such as the Treasury, Commerce, and potentially the Securities and Exchange Commission, could lead to a revolution in decentralized finance (DeFi). They anticipate that the U.S. could align itself more closely with the crypto sector, leading to the integration of blockchain networks and DeFi applications in traditional finance. The analysts also suggest that this shift in financial policy could pressure other governments to embrace crypto, accelerating global adoption. The nominees, including Howard Lutnick and Scott Bessen, have expressed support for Bitcoin and crypto, with Bessen even suggesting that a Strategic Bitcoin Reserve could be likely. Paul Atkins, a veteran crypto lawyer and former SEC commissioner, is also being considered for the SEC Chair, with Matrixport viewing him as having played a pivotal role in shaping the cryptocurrency industry through regulatory expertise and balanced oversight.

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