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Matrixport: Trump's three key cabinet secretary candidates support bitcoin, and the United States may become a beneficiary of MiCA

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2024-11-29 16:52:51
Matrixport released a report saying that US President-elect Donald Trump has nominated three key cabinet secretary candidates to head the US Treasury, Commerce, and Securities and Exchange Commission (SEC). These candidates are generally regarded as friendly to cryptocurrencies, and all recognize the inevitability of digital assets in the modern financial system. Their nominations are expected to promote the further integration of cryptocurrencies into the US economy.
Ironically, the US is likely to be a beneficiary of MiCA. In Trump's second term, his team of pro-crypto ministers is expected to focus on integrating cryptocurrencies into the US economy in order to drive technological innovation and economic growth. The debate in the US has moved beyond the establishment of a regulatory framework to the full acceptance of cryptocurrencies as a driver of creating economic opportunity and driving technological progress. It is increasingly likely that the US will build a strategic bitcoin reserve. However, rather than actively buying bitcoin, the US may retain its existing bitcoin holdings indefinitely.
If the above nomination becomes a reality, Bitcoin as digital gold could evolve into a resurgence of decentralized finance (DeFi). The digitization of the US financial economy could make cryptocurrency adoption the biggest winner in this election. This shift could also force other national and regional governments to embrace cryptocurrencies, accelerating their global adoption. In the scenario of a resurgence of decentralized finance (DeFi), Ethereum could catch up.