Trump is creating first-ever White House crypto role

[Findingnemo]

This news might have been the reason for bump over 98K but is this actually going to benefit crypto with the dedicated policy maker?

I am having double sided opinion which will be decided purely on how it is going to be approached, if he really wants people to have decentralisation and trustless monetary system then he will be creating fair policies but if it's other way round then more strict regulations are coming up.

[Sim_card]

Nov 20 (Reuters) - President-elect Donald Trump's team is holding discussions with the digital asset industry about whether to create a new White House post solely dedicated to crypto policy, Bloomberg News reported, opens new tab on Wednesday.
https://www.reuters.com/world/us/trump-team-weighs-creating-first-ever-white-house-crypto-role-bloomberg-news-2024-11-20/

Trump is promising to do a lot for the cryptocurrency ecosystem. Now he is looking for people to work with cryptocurrency in the white house!!

We will see 100k anytime soon, and Trump didn`t even start yet. Let`s see what will happen in 2025, but everything looks so bullish right now.

This is a good development for the crypto community because only the positive words and wmoves of Trump on crypto lately has made bitcoin prive start going go the moon, and I have begin to doybt if I will take profit at 100k since it's still early for us to see this price. Which means that bitcoin price will skyrocket more than 110k by next year when he is sworn in.

[ZAINmalik75]

Trump is promising to do a lot for the cryptocurrency ecosystem. Now he is looking for people to work with cryptocurrency in the white house!!

We will see 100k anytime soon, and Trump didn`t even start yet. Let`s see what will happen in 2025, but everything looks so bullish right now.

It is good news for everyone if there is a word then in no time there will be a separate department to discuss on cryptocurrency and thus this can be good and bad for the market too because this way crypto will be made more centralized and more problems will be solved in lesser time the activity of fraud and scams will be lower.

The adoption is high and BTC will hit $100k and after that it might dump and most of the traders are waiting for that time including me. I am thinking the market is so bullish that everything seems green like in a garden but there will a time come when we will see green once in a while.

[Tribalchief]

Nov 20 (Reuters) - President-elect Donald Trump's team is holding discussions with the digital asset industry about whether to create a new White House post solely dedicated to crypto policy, Bloomberg News reported, opens new tab on Wednesday.
https://www.reuters.com/world/us/trump-team-weighs-creating-first-ever-white-house-crypto-role-bloomberg-news-2024-11-20/

Trump is promising to do a lot for the cryptocurrency ecosystem. Now he is looking for people to work with cryptocurrency in the white house!!

We will see 100k anytime soon, and Trump didn`t even start yet. Let`s see what will happen in 2025, but everything looks so bullish right now.

The most interesting thing right now is that Gary Gensler will be stepping down as SEC chairman in january as i can confirm from his X(twitter) handle. This news alone is enough to trigger another round of bullish movement, which i believe Bitcoin will definitely touch $100K before this week runs out. Trump hasn't even started anything yet, and things are already falling into places just as they ought to be. 2025 is definitely going to be a long ride for Bitcoin hodlers.

[Fivestar4everMVP]

Nov 20 (Reuters) - President-elect Donald Trump's team is holding discussions with the digital asset industry about whether to create a new White House post solely dedicated to crypto policy, Bloomberg News reported, opens new tab on Wednesday.
https://www.reuters.com/world/us/trump-team-weighs-creating-first-ever-white-house-crypto-role-bloomberg-news-2024-11-20/

Trump is promising to do a lot for the cryptocurrency ecosystem. Now he is looking for people to work with cryptocurrency in the white house!!

We will see 100k anytime soon, and Trump didn`t even start yet. Let`s see what will happen in 2025, but everything looks so bullish right now.

Many doubted if Trump was going to keep to his campaign promises of supporting bitcoin and making the US the crypto capital, I guess now it's becoming clearer and clearer that the man mean business and every word he said and even more..

It's indeed a good time to be a crypto currency holder, particularly bitcoin.
But then on the other hand, lets hope that the bull run will take effect on Altcoins as well, I can't wait to see the entire cryptocurrency market blow up like wide fire..

Exciting times ahead yeah.

[KingsDen]

It's indeed a good time to be a crypto currency holder, particularly bitcoin.
But then on the other hand, lets hope that the bull run will take effect on Altcoins as well, I can't wait to see the entire cryptocurrency market blow up like wide fire..

Definitely, I perceive that this bullrun will have a positive impact on many altcoins, although not all altcoins will benefit. With Trump assuming office, and with crypto friendly policies, we are sure that the bull run will likely take effect on some altcoins. Other altcoins may struggle to meet up due to several factors such as use cases, technological advancement and adoption within a specific niche.

[Agbe]

Nov 20 (Reuters) - President-elect Donald Trump's team is holding discussions with the digital asset industry about whether to create a new White House post solely dedicated to crypto policy, Bloomberg News reported, opens new tab on Wednesday.
https://www.reuters.com/world/us/trump-team-weighs-creating-first-ever-white-house-crypto-role-bloomberg-news-2024-11-20/

Trump is promising to do a lot for the cryptocurrency ecosystem. Now he is looking for people to work with cryptocurrency in the white house!!

We will see 100k anytime soon, and Trump didn`t even start yet. Let`s see what will happen in 2025, but everything looks so bullish right now.

Personal am not surprised that trump is going this way already in making sure that crypto currency gets all support that it's needed to take the crypto industry to the next level because it was on this premise that he got allot of votes and support from many Americans who voted him in so hopefully next year when he takes over power more new policies that are crypto friendly will be implemented so America will be the hob of crypto in the world

[Rruchi man]

Trump is promising to do a lot for the cryptocurrency ecosystem. Now he is looking for people to work with cryptocurrency in the white house!!

I am looking forward to seeing what the people who will be in Trump's selection for this role will do. Big warm-up already for the year 2025.

Let`s see what will happen in 2025, but everything looks so bullish right now.

I am expecting a very huge pull back at some point; bitcoin cannot stay bullish continuosly.

[Ujok]

Nov 20 (Reuters) - President-elect Donald Trump's team is holding discussions with the digital asset industry about whether to create a new White House post solely dedicated to crypto policy, Bloomberg News reported, opens new tab on Wednesday.
https://www.reuters.com/world/us/trump-team-weighs-creating-first-ever-white-house-crypto-role-bloomberg-news-2024-11-20/

Trump is promising to do a lot for the cryptocurrency ecosystem. Now he is looking for people to work with cryptocurrency in the white house!!

We will see 100k anytime soon, and Trump didn`t even start yet. Let`s see what will happen in 2025, but everything looks so bullish right now.

This will make digital currency stronger, with Donald Trump creating an ecosystem in the White House, this will increase the price of Bitcoin in the future... it's just that the work has not started and we'll just have to wait for the future, if it's true and has started then this is a sign that Bitcoin will bring success in the future so that digital currency can change someone's life in terms of financial sufficiency.

[MRY]

Personal am not surprised that trump is going this way already in making sure that crypto currency gets all support that it's needed to take the crypto industry to the next level because it was on this premise that he got allot of votes and support from many Americans who voted him in so hopefully next year when he takes over power more new policies that are crypto friendly will be implemented so America will be the hob of crypto in the world

Well, Trump has done the right thing for once, to be courageous and support something as growing as crypto. But, I can not disagree with the fact that we are to implement this policies aimed at supporting the large industry with really valuable and helpful policy results. Each of the steps will have to be transparent so the trust of the customers will not be compromised.

This means that if the US wants to become a global hub for cryptocurrencies the government has to work with other industry players. It is therefore clear that if the regulators create balanced regulation, the market will have the freedom of growing through providing users with a healthy ecosystem free from risk.

[ZAINmalik75]

Well, Trump has done the right thing for once, to be courageous and support something as growing as crypto. But, I can not disagree with the fact that we are to implement this policies aimed at supporting the large industry with really valuable and helpful policy results. Each of the steps will have to be transparent so the trust of the customers will not be compromised.

This means that if the US wants to become a global hub for cryptocurrencies the government has to work with other industry players. It is therefore clear that if the regulators create balanced regulation, the market will have the freedom of growing through providing users with a healthy ecosystem free from risk.

I agree with your statements and this act certainly shows he is serious about his promises and in no time he have the power to complete them and afterwards he will have much time to work on his own plans which he must have as a president.

US already have different authorities to regulate crypto projects in US but all of them are mostly managed by SEC and they at the time are very strict and wants every other platform to be registered with them. This in house crypto role will make things more powerful and in favor of crypto.

[lombok]

Personal am not surprised that trump is going this way already in making sure that crypto currency gets all support that it's needed to take the crypto industry to the next level because it was on this premise that he got allot of votes and support from many Americans who voted him in so hopefully next year when he takes over power more new policies that are crypto friendly will be implemented so America will be the hob of crypto in the world

Well, Trump has done the right thing for once, to be courageous and support something as growing as crypto. But, I can not disagree with the fact that we are to implement this policies aimed at supporting the large industry with really valuable and helpful policy results. Each of the steps will have to be transparent so the trust of the customers will not be compromised.

This means that if the US wants to become a global hub for cryptocurrencies the government has to work with other industry players. It is therefore clear that if the regulators create balanced regulation, the market will have the freedom of growing through providing users with a healthy ecosystem free from risk.

Backing innovative ideas such as the use of cryptocurrency shows the support for shifts to major revolutions in the economy. But to feel those benefits, we cannot afford to have a single policy that does not protect the public despite creating room for innovation. If every step taken is critical, it is possible to ensure that such trust is created and encourage what will be beneficial for all the parties.

This kind of cooperation will engender regulations that are protective of the investors as well as fostering for this technology to grow optimally. In this way, we guarantee the security for users and the equal opportunities for businesses to provide high profits with non-negligible benefits for them to develop this sphere. Hence if the above ecosystem is backed by policies that are appropriate to future wants, we are setting the stage towards a more developed and liberalised economy.

[dekafee79]

Well, Trump has done the right thing for once, to be courageous and support something as growing as crypto. But, I can not disagree with the fact that we are to implement this policies aimed at supporting the large industry with really valuable and helpful policy results. Each of the steps will have to be transparent so the trust of the customers will not be compromised.

This means that if the US wants to become a global hub for cryptocurrencies the government has to work with other industry players. It is therefore clear that if the regulators create balanced regulation, the market will have the freedom of growing through providing users with a healthy ecosystem free from risk.

I agree with your statements and this act certainly shows he is serious about his promises and in no time he have the power to complete them and afterwards he will have much time to work on his own plans which he must have as a president.

US already have different authorities to regulate crypto projects in US but all of them are mostly managed by SEC and they at the time are very strict and wants every other platform to be registered with them. This in house crypto role will make things more powerful and in favor of crypto.

Trump will have the power to make regulatory changes in the US after being inaugurated as US president, because Gary Gensler has been hampering the growth of crypto projects in the US, he should leave the SEC immediately when Trump is inaugurated. Because the statements that Trump made during the campaign will be implemented in January next year. Gary will be fired and bitcoin will not be supported.

[Blaze]

Trump will have the power to make regulatory changes in the US after being inaugurated as US president, because Gary Gensler has been hampering the growth of crypto projects in the US, he should leave the SEC immediately when Trump is inaugurated. Because the statements that Trump made during the campaign will be implemented in January next year. Gary will be fired and bitcoin will not be supported.

New President means a fresh injection of fresh hope for new regulation for critical sectors such as crypto. However, if there is a plan to try and overcome perceived barriers, then new policies need to genuinely facilitate innovation without sacrificing protections of users and the market at large. Now, we must continue to support those measures that enable the development of blockchain technology and digital assets more equitably through policy change.

But that takes time and planning to help solidify policy change. Instead, we can shift the focus away from simply who is driving these policies and look to how they will serve the industry in the long run. A positive growth of crypto in the US will continue with an approach that encourages collaboration between regulators and industry players such that stability and public trust are not put at risk.

[doc]

Nov 20 (Reuters) - President-elect Donald Trump's team is holding discussions with the digital asset industry about whether to create a new White House post solely dedicated to crypto policy, Bloomberg News reported, opens new tab on Wednesday.
https://www.reuters.com/world/us/trump-team-weighs-creating-first-ever-white-house-crypto-role-bloomberg-news-2024-11-20/

Trump is promising to do a lot for the cryptocurrency ecosystem. Now he is looking for people to work with cryptocurrency in the white house!!

We will see 100k anytime soon, and Trump didn`t even start yet. Let`s see what will happen in 2025, but everything looks so bullish right now.

This will make digital currency stronger, with Donald Trump creating an ecosystem in the White House, this will increase the price of Bitcoin in the future... it's just that the work has not started and we'll just have to wait for the future, if it's true and has started then this is a sign that Bitcoin will bring success in the future so that digital currency can change someone's life in terms of financial sufficiency.

If Trump really does what he promised and makes policies that support Bitcoin and crypto, it is predictable that Bitcoin will have a bright future after Trump starts leading the US. We haven't seen that yet because the inauguration will be held in January next year, so we should wait and see what happens next year.