🔥 Trump’s Triumph: The Crypto World Responds
posted 6 Nov 2024
The crypto industry’s leading voices have begun to react to the news of Donald Trump’s presidential election win.
Throughout his campaign, the politician portrayed himself as a supporter of crypto. With Trump’s administration entering the White House, the crypto sector is genuinely hopeful for the establishment of a fair and favorable regulatory environment.
Throughout his campaign, the politician portrayed himself as a supporter of crypto. With Trump’s administration entering the White House, the crypto sector is genuinely hopeful for the establishment of a fair and favorable regulatory environment.
Trump made 25 pro-crypto statements during his presidential campaign. Source: standwithcrypto.org
Many contend that the crypto-focused electorate played a decisive role in this election. If that’s the case, Trump’s strategy seems impeccable. Kamala Harris, meanwhile, has no excuses for her struggles: they ignored this segment as if it were invisible.
To everyone who doubted it: the crypto voter is here to stay, loud and clear!wrote Ripple CEO Brad Garlinghouse.
Justin Sun, founder of the Tron network, directed a polite reminder to Trump about his industry promises. In the U.S., as the largest global democracy, presidents cannot afford to make hollow campaign pledges without repercussions.
Congratulations to President Trump on becoming the new U.S. President! We hope for crypto-friendly policies that promote industry growth. These changes can make America even greater. Looking forward to success in the crypto space under this leadership!Justin Sun shared.
Paul Grewal, Coinbase’s Chief Legal Officer, found it essential to address members of the U.S. SEC. Trump’s pledge during his campaign was to dismiss SEC Chair Gary Gensler on his first day as president. With the SEC continuing under the current team, Grewal called on the Commission to embrace a radically new regulatory approach to digital assets.
I hope @SECGov understands what has happened tonight. On many, many issues, the voters said loud and clear that they want change. Crypto is no exception. Stop suing crypto. Start talking to crypto. Initiate rulemaking now. There's no reason to wait,Paul Grewal wrote.
Earlier, Coinbase co-founder and CEO Brian Armstrong had voiced his endorsement of the emerging pro-crypto lobby within the U.S. House of Representatives and Senate:
Tonight the crypto voter has spoken decisively - across party lines and in key races across the country. Americans disproportionately care about crypto and want clear rules of the road for digital assets. We look forward to working with the new Congress to deliver it. Thank you to everyone who stood with crypto today. We did it!
Dennis Porter, the CEO and co-founder of Satoshi Action Fund, and president of Satoshi Action Education:
Let’s be absolutely clear, the anti-Bitcoin movement died last night. The USA will be the most pro-Bitcoin nation in the world. We will have a Bitcoin Strategic Reserve. We will enshrine a national law to defend Bitcoin Rights.
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