Last week, pro-crypto Republican candidate Donald Trump won the US elections, paving the way for him to fulfill promises that could enhance crypto adoption in the country.
A Change in Guard at the SEC
Ark Invest CEO Cathie Wood expressed her opinion on a clearer investment landscape following Trump's victory. In her 18-minute video, Wood discussed potential changes in the country's financial system under the new administration. She compared Trump's administration's goals with Ronald Reagan's policies of the 1980s. Wood emphasized the importance of deregulation and replacing the SEC chair with a crypto-friendly figure, as a strict approach characterized the crypto industry during Joe Biden's term.
How Trump’s Administration Will Affect Bitcoin
During his campaign, Trump positioned himself as a Bitcoin advocate, promising, among other things, to stockpile BTC for the country. Trump's victory triggered a significant price rally for the leading cryptocurrency, unlocking multiple price peaks. Today, the cryptocurrency surged over $82,000, although it has slightly retraced since.
Trump's victory in the US presidential elections might lead to significant shifts in the country's financial policy and cryptocurrency regulation.
