Trump claims presidential win. Here is what he promised the crypto industry ahead of the election

Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024.

Joe Raedle | Getty Images News | Getty Images

As Donald Trump celebrated his prospective victory on Election Night at Mar-a-Lago, he was joined by a roster of high-profile supporters. Among them were Elon Musk, Robert F. Kennedy, Jr. and Cantor Fitzgerald CEO Howard Lutnick.

One thing those three people have in common: crypto.

It’s an industry that Trump talked little about until recently but has counted on for large amounts of cash for his campaign and related PACs. Getting that money required him to make big promises pertaining to the crypto industry.

Crypto markets surged on Election Night, with bitcoin hitting a record of over $75,000, as his victory began looking likely. Crypto-linked stocks like Coinbase and MicroStrategy moved higher as well in after-hours trading Tuesday.

With a Republican-controlled Senate on the horizon, Trump has few roadblocks to putting in place a more pro-crypto platform. Here are some of the things he’s pledged to do:

Strategic national crypto stockpile

How Trump was ‘orange-pilled’ by three bitcoiners in Puerto Rico

‘On day one, I will fire Gary Gensler’

Trump stops short of delivering crypto monetary policy commentary during Bitcoin 2024 keynote

All bitcoin will be mined in America

Fed rate cuts

Donald Trump wins Georgia

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Secular Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – seculartimes.com. The content will be deleted within 24 hours.

Leave a Comment