Analysts at Matrixport believe that Trump's key cabinet picks could lay the groundwork for significant changes in the decentralized finance (DeFi) space in the U.S.
Crypto-Friendly Appointments
Matrixport analysts note that Trump's prospective nominees for the U.S. Treasury, Commerce, and possibly the Securities and Exchange Commission are seen as crypto-friendly. These leaders could influence U.S. financial policy, aligning it more with the rapidly evolving crypto sector.
Impact on Financial Policy
The analysts' report suggests that Bitcoin might turn into 'digital gold,' while traditional finance will increasingly integrate DeFi applications to enhance payment and transaction efficiency. Digitizing the U.S. financial economy could make crypto applications the primary beneficiaries of upcoming elections.
Role of Crypto Lawyers in Changes
Paul Atkins, a veteran crypto lawyer and former SEC commissioner, is being considered for SEC Chair. According to Matrixport, Atkins has played a pivotal role in shaping the cryptocurrency industry through his regulatory expertise and advocacy for balanced oversight.
Trump's cabinet formation could radically alter U.S. financial policy, promoting cryptocurrencies and DeFi to leading positions in the global economy.
