Trump’s chances of being elected are increasing, and a crypto-friendly figure could lead U.S. financial regulators.
Donald Trump’s chances of winning the upcoming presidential election have risen sharply, and now a top media outlet claims that the direction in which US securities regulators will be regulated will be in the hands of cryptocurrency-friendly people.
Currently, the odds that Donald Trump is leading the prediction market for the upcoming US presidential election have risen to 53.6%, slightly increasing his chances of winning over Democrat Kamala Harris, whose odds of winning have fallen to 45%.8 Trump’s Odds The fact that this has slightly increased suggests that Confidence in his potential victory is growing.
If Trump wins, there could be major changes in the U.S. financial regulatory environment. According to a report from Politico, Robinhood Chief Legal Officer Dan Gallagher, known as a Bitcoin and cryptocurrency leader, is being considered for the SEC Chairman position. Other candidates include former CFTC Chairman Chris Giancarlo, Robert Stebbins, and current SEC Commissioner Hester Peirce, who have all taken a cryptocurrency-friendly stance. These changes could result in a more favorable regulatory environment for cryptocurrencies under the Trump administration and could reshape the United States. Financial supervision.
Bitcoin Price Action In the current situation, everything about the cryptocurrency industry is looking positive and Bitcoin and cryptocurrency markets are expected to hit all-time highs soon. Bitcoin (BTC)’s current trading price is $63,761, which is 16% higher in the last 24 hours.
Bitcoin price could soon see a big rally similar to last year, according to an analysis shared by a top Bitcoin analyst. He points out that a ‘golden cross’ is forming, which triggered a 145% rise in the past. This suggests that the Bitcoin price could rise significantly from current levels.
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