The cryptocurrency community is optimistic about the shift in U.S. policy under the Biden administration, as it signals the end of years of regulatory pressure. The appointment of David Sacks as the AI and crypto chief and the nomination of Paul Atkins as SEC Chairman nominee indicate a crypto-friendly stance. The reversal of debanking policies, which made it difficult for banks to work with crypto companies, is also anticipated. However, the community is concerned about a proposal to create a U.S.-first strategic reserve that includes digital currencies like Solana, USD Coin, and Ripple, as it may overshadow Bitcoin.



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