Former U.S. President Donald Trump is projected to win the presidential election, defeating Vice President Kamala Harris. This result is expected to create a more permissive regulatory environment for crypto in the United States. Although crypto was not a major issue during the election, Trump made efforts to outreach to the industry and expressed support for Bitcoin and the crypto industry. He also pledged to replace the chair of the Securities and Exchange Commission and promised to "make Bitcoin in the USA." During his previous term, his regulators introduced a controversial wallet proposal that was terminated under the Biden administration. Trump also enjoyed vocal support from parts of the crypto industry due to his outreach and NFT sales.



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