Trump's campaign promises could reshape crypto landscape in 2025
fool.com —
Bitcoin has surged nearly 30% since Donald Trump's election, nearing $90,000. Investors speculate it could exceed $100,000 before his inauguration, signaling optimism for the crypto market under a Trump administration. Trump has promised to create a pro-business environment for crypto, potentially reshaping regulations currently overseen by the SEC. He aims to replace SEC head Gary Gensler and support new bipartisan legislation favorable to crypto companies. Additionally, Trump plans to establish a strategic Bitcoin reserve, purchasing 1 million bitcoins over five years. This reserve could help manage national debt and support domestic Bitcoin mining, which he views as a job creator.