• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Trump’s Appointments Could Inspire “DeFi Renaissance”

user avatar

by Giorgi Kostiuk

7 months ago


Analysts at Matrixport have evaluated Donald Trump's potential picks for key roles at the U.S. Treasury, Commerce Department, and Securities and Exchange Commission as a possible step towards a crypto-friendly political agenda.

Appointments and Their Impact on the Crypto Industry

The crypto-based financial services platform Matrixport released a report suggesting that the considered nominations could lead to a 'DeFi renaissance' in the U.S. The report highlights the possibility of changing the narrative around Bitcoin as 'digital gold' and a stronger push towards digitizing the country's financial economy.

Candidates' Positions

Trump's nominees for these positions include Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary and Scott Bessen as Treasury Secretary. Paul Atkins, a seasoned crypto lawyer and former SEC commissioner, is reportedly a top choice for the SEC Chair in January if Trump follows through on his promise to remove the current chair, Gary Gensler. These nominees are well-known for their vocal support for the crypto industry.

Future Prospects

The report also indicates a growing plausibility of establishing a Strategic Bitcoin Reserve while maintaining the current framework. The analysts suggest that the new administration might not actively acquire additional Bitcoin but is expected to retain its existing holdings indefinitely. A pro-crypto U.S. administration could reshape financial policy and significantly boost global crypto adoption, prompting other governments to consider similar actions.

Trump’s nominations to key positions in U.S. departments herald potential changes in financial policy aimed at supporting and growing the crypto industry, which could impact both the domestic and global crypto markets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Trump Media's ETF Application for Bitcoin and Ethereum Could Transform the Crypto Market

chest

Trump Media has filed for an ETF focusing on Bitcoin and Ethereum, potentially expanding investment options for crypto investors.

user avatarGiorgi Kostiuk

Murano Hotel Chain Decides to Add Bitcoin to Its Assets and Consider BTC Payments

chest

Murano hotel chain has started acquiring Bitcoin and plans to accept BTC as a payment method, following global trends.

user avatarGiorgi Kostiuk

Regulatory Scrutiny: Robinhood's New Stock Tokens Under Investigation

chest

Regulatory concerns emerge over Robinhood's stock token offering in the European Union, prompting an investigation by Lithuania's central bank.

user avatarGiorgi Kostiuk

Dubai Approves First Tokenized Money Market Fund for Institutional Investors

chest

The Dubai Financial Authority has approved the QCD Money Market Fund, utilizing traditional assets on blockchain for institutional use.

user avatarGiorgi Kostiuk

Cardano (ADA): Prices and Predictions for July 2025

chest

Cardano is fluctuating around $0.58. Let's examine possible support and resistance levels for ADA in the near future.

user avatarGiorgi Kostiuk

Market Insights: Bitcoin Holds Steady, Altcoins on the Rise

chest

Expert Dylan shares his forecasts on cryptocurrencies, including Bitcoin, Ethereum, and Solana.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.