The 47th President of the United States, Donald Trump, has made significant moves in the crypto world that are set to impact Bitcoin, Ethereum, Solana, and more. Trump-backed tokens, Trump Coin and Melania Coin, built on Solana, gained immense popularity in the crypto space, reaching billion-dollar market caps within a day. Trump's administration has signed numerous executive orders, some of which could favor the crypto sector, including regulatory clarity for DeFi and ETFs, support for blockchain innovation, and recognition of Bitcoin as a strategic reserve asset. The SEC's leadership is also undergoing changes that could result in a more crypto-friendly regulatory environment. Ethereum and Solana are expected to benefit from Trump's pro-crypto stance, and Bitcoin may experience a significant rally due to macroeconomic factors aligning in its favor. Crypto influencer VirtualBacon advises holding Bitcoin, Ethereum, and Solana in the short term while monitoring tax reforms and macroeconomic indicators for long-term strategies.



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