Boost

Victory

Biden

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/trumps-victory-may-boost-crypto" data-wpel-link="internal">Trump’s Victory May Boost Crypto</a><br></p>
<p style="text-align: justify">The leading cryptocurrency continues to experience fluctuations and is lingering around $67,300 as this article is being prepared. The US markets opened as the article was being prepared, and the price quickly rose to $68,000 before retreating. Putting short-term movements aside, a significant development awaits us at the beginning of 2025.</p> 
<h2 id="what-awaits-cryptocurrencies-in-2025">What Awaits Cryptocurrencies in 2025?</h2> 
<p style="text-align: justify">As polls indicate, Trump is likely to win the upcoming November elections, especially with Biden stepping back from the race. Trump will face Democrat candidate Harris. Following recent events, such as a shooting incident, Trump’s support has surged, suggesting a stronger voter turnout.</p> 
<p style="text-align: justify">For cryptocurrency <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a>, a Trump victory is crucial. The Biden administration has been notably hostile towards crypto, particularly in the wake of the FTX collapse. This led to some US-based crypto companies considering relocation to more crypto-friendly nations like the UAE.</p> 
<h2 id="will-sec-chairman-step-down">Will SEC Chairman Step Down?</h2> 
<p style="text-align: justify">With Biden’s term concluding, Trump is expected to assume office following the November elections. However, even if Harris wins, SEC Chairman Gensler, a key figure of Biden’s administration, is anticipated to resign by February 2025.</p> 
<p style="text-align: justify">Thus, the crypto market may see Gensler’s departure by early 2025. If Trump secures the presidency and appoints a crypto-friendly SEC Chairman, many issues, such as the classification of altcoins as securities, might be resolved. Trump’s victory will push him to fulfill promises to his crypto-supportive voters.</p> 
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2> 
<ul> 
 <li>Trump’s election could lead to a more favorable regulatory environment for cryptocurrencies.</li> 
 <li>Investors may see a positive shift in market sentiment as early as 2025.</li> 
 <li>New leadership at the SEC could reclassify the status of altcoins, potentially reducing regulatory pressure.</li> 
 <li>Major crypto companies might no longer consider relocating outside the US if the environment becomes friendlier.</li> 
</ul> 
<p style="text-align: justify">In the coming weeks, it would not be surprising if these expectations support positive sentiment in crypto. <a href="https://en.bitcoinhaber.net/bitcoin-soars-to-unprecedented-heights-setting-new-price-records" data-wpel-link="internal">BTC</a> is currently close to $67,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/trumps-victory-may-boost-crypto" data-wpel-link="internal">Trump’s Victory May Boost Crypto</a></h5>

Trump’s Victory May Boost Crypto

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