The price of Bitcoin has surged by over 40% since Donald Trump's election victory, leading many in the cryptocurrency industry to hope for a more crypto-friendly regulatory environment under the new administration. Ari Redbord, head of legal and government affairs at TRM Labs, discussed the impact of a Trump presidency on digital assets, pointing out key appointments that support digital assets and innovation. Redbord compared the current momentum in the US crypto space to a "space race" and highlighted the potential for Bitcoin to be used in meaningful ways like cross-border payments. He also mentioned proposals such as a US strategic Bitcoin reserve and noted that governments, including US states like Texas, are exploring similar initiatives. While Redbord is optimistic about Bitcoin's long-term potential, he acknowledged the ongoing challenge of the perception that Bitcoin is linked to crime and the need for a broader conversation around regulation and enforcement.



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