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Matrixport: Three key cabinet minister candidates under Trump support Bitcoin, and the United States may become a beneficiary of MiCA
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2024-11-29 17:02:01 8,922
Golden Finance reported that Matrixport released a report saying that U.S. President-elect Trump has nominated three key cabinet ministers who will be in charge of the U.S. Treasury Department, the Department of Commerce and the Securities and Exchange Commission (SEC) respectively. These candidates are generally considered crypto-friendly and aware of the inevitability of digital assets in the modern financial system. Their nominations are expected to drive greater integration of cryptocurrencies into the U.S. economy. Ironically, the United States may be a beneficiary of MiCA. During Trump’s second term, his team of pro-cryptocurrency ministers is expected to focus on integrating cryptocurrencies into the U.S. economy to promote technological innovation and economic growth. The domestic debate in the United States has moved beyond establishing a regulatory framework and toward the full acceptance of cryptocurrencies as a driver of economic opportunity and technological advancement. The United States is increasingly likely to establish a strategic Bitcoin reserve. However, the United States may not actively buy Bitcoin and instead hold on to the Bitcoin it already holds indefinitely. If the above nominations become reality, Bitcoin as digital gold may evolve into a renaissance of decentralized finance (DeFi). The digitization of the U.S. financial economy may make cryptocurrency applications the biggest winners of this election. This shift may also Force other governments to accept cryptocurrencies, accelerating their global adoption. Amid the resurgence of decentralized finance (DeFi), Ethereum may be catching up.
Keywords: Bitcoin
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