Analysts anticipate a broad market rally should Donald Trump return to power. His potential crypto policies include the establishment of a Bitcoin strategic reserve, which could inject significant confidence and interest in Bitcoin from his supporters and potentially from other countries.
Another crucial policy under consideration is the banning of central bank digital currencies (CBDCs). Trump reportedly opposes the concept of a centralized digital currency, favoring instead the decentralized nature of cryptocurrencies such as Bitcoin.
Additionally, there are indications that Trump may consider freeing Ross Ulbricht, who is currently serving a life sentence in connection with the Silk Road online marketplace. This move could significantly impact the cryptocurrency community, which has shown considerable support for Ulbricht's release over the years.
Finally, with Trump in office, changes in SEC leadership are anticipated. Such leadership changes could result in more crypto-friendly regulations, encouraging the growth of the crypto industry within the United States.
Source: www.coindesk.com ↗