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Fri, December 13, 2024
[ Fri, Dec 13th 2024 ] - PBS
What another Trump administration could mean for crypto
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What does a Trump administration mean for crypto

What does a Trump administration mean for crypto


Published on 2024-12-13 13:00:37 - PBS
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  • Bitcoin surpassed $100,000 for the second time ever on Wednesday, after hitting the milestone the first time in early December, a surge fueled by optimism that the Trump administration would be more friendly to the cryptocurrency industry.

The article from PBS NewsHour discusses the potential implications of a Trump administration on the cryptocurrency industry. It highlights that while Donald Trump has previously expressed skepticism towards cryptocurrencies, calling them a "disaster waiting to happen," his administration's policies could still significantly impact the sector. Key points include the possibility of regulatory changes, with Trump's appointees potentially influencing the SEC and CFTC, which oversee crypto regulations. There's mention of Trump's past comments on Bitcoin and his preference for the dollar, suggesting a possible push towards maintaining the dollar's dominance. However, the article also notes that Trump's business-oriented approach might lead to a more business-friendly environment for crypto, potentially through tax policies or less stringent regulations on innovation. Additionally, the article touches on the broader political landscape, where bipartisan interest in blockchain technology exists, but the direction of crypto policy could swing based on Trump's administration's priorities, balancing between innovation, security, and financial stability.

Read the Full PBS Article at:
[ https://www.pbs.org/newshour/politics/what-does-a-trump-administration-mean-for-crypto ]
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