The crypto industry is hopeful that President-elect Donald Trump's administration will be more favorable towards crypto than President Joe Biden's administration. There are discussions about creating a crypto czar within the White House to oversee crypto policy and engage with federal regulators. Trump's business ventures, such as World Liberty Financial and Trump Media and Technology Group, are also strengthening their ties with the crypto industry. World Liberty Financial recently sold $30 million worth of tokens to Justin Sun, and Trump Media and Technology Group is considering acquiring Bakkt, a crypto trading platform.



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