Former president Donald Trump has won the election and is set to return to the White House in January. During his campaign, Trump promised the crypto community that he would fire the SEC chairperson, Gary Gensler, on his first day as president. Experts believe Trump will follow through on this promise and expect more favorable crypto regulations under his leadership. In anticipation of these changes, merger advisers and venture capitalists predict an increase in crypto merger and acquisition deals next year. Some crypto firms have already signaled their plans for deals, including FalconX and Tether. Despite potential challenges in valuations, experts are optimistic about the next four years for the crypto industry.
- Content Editor ( cryptoslate.com )
- 2024-11-09
Crypto mergers and acquisitions expected to spike under second Trump presidency