The head of legal and government affairs at TRM Labs, Ari Redbord, compared the excitement around crypto in the US under President-elect Donald Trump's term to a space race. Redbord highlighted Trump's pro-crypto nominations for his cabinet, such as Paul Atkins as the new Chairman of the US Securities and Exchange Commission and David Sacks as the "crypto czar." He suggested that a positive policy shift, such as establishing a strategic Bitcoin reserve in the US, would boost the value of the asset. Redbord also expressed excitement about the widespread use of blockchain technology in the US and stated that the expansion of blockchain use in financial transactions will foster growth in the crypto industry. He refrained from sharing specific price targets for Bitcoin but believes it will go significantly higher with a strategic Bitcoin reserve in the US. The idea of a Bitcoin reserve in the US could potentially spark a broader movement among countries and states.



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