United

Bitcoin

DeFi

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/trumps-support-boosts-bitcoin-prices" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump’s Support Boosts Bitcoin Prices</a><br></p>
<p style="text-align: justify">Robinhood’s CEO Vlad Tenev shared insights on <a href="https://en.bitcoinhaber.net/the-future-of-bitcoin-experts-predict-continuous-growth" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s recent surge in value and the potential influence of Donald Trump, the new presidential contender in the United States. Tenev suggested that Trump’s favorable view of the cryptocurrency sector could signal a revival for the industry within the U.S.</p>
<h2 id="how-does-trump-influence-bitcoin-s-rise">How Does Trump Influence Bitcoin’s Rise?</h2>
<p style="text-align: justify">During a CNBC interview, Tenev referred to Bitcoin’s rise to $90,000 as the “Trump Pump.” He noted that market reactions indicate an optimistic anticipation of a more crypto-friendly approach should Trump come into power.</p>
<h2 id="will-traditional-finance-embrace-crypto">Will Traditional Finance Embrace Crypto?</h2>
<p style="text-align: justify">Tenev further highlighted that Trump’s supportive perspective towards cryptocurrency could alter regulations established by the U.S. Securities and Exchange Commission (SEC). This shift may pave the way for enhanced innovation within the crypto landscape and deter companies from moving overseas.</p>
<p style="text-align: justify">The Robinhood head pointed out that under Trump’s leadership, the concept of asset tokenization might gain traction in the U.S., enabling a closer relationship between traditional finance (TradFi) and decentralized finance (DeFi). Additionally, Tenev explained how blockchain technology could improve Robinhood’s management of crypto operations, showcasing benefits such as continuous trading opportunities.</p>
<ul>
 <li>Trump’s administration could lead to more favorable cryptocurrency regulations.</li>
 <li>Potential changes may prevent companies from relocating to more crypto-friendly nations.</li>
 <li>Enhanced integration between TradFi and DeFi could emerge.</li>
</ul>
<p style="text-align: justify">The expectations for the crypto sector remain optimistic, with Tenev asserting that the SEC’s previous criticisms of Robinhood’s crypto activities bolster hopes for a more accommodating regulatory environment under a potential Trump presidency.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/trumps-support-boosts-bitcoin-prices" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump’s Support Boosts Bitcoin Prices</a></h5>

Trump’s Support Boosts Bitcoin Prices

Table of Contents

BH NEWS

Other articles published on Nov 12, 2024

Binance CEO: Bitcoin’s Bull Run is Not Over, But Beware of Greed

Bullish Trends Push Ethereum to Record $60B Weekly Transactions

Ali Charts Predicts Dogecoin’s Price Trends

Donald Trump Re-Election Fuels Bitcoin Options Trading Surge to Yearly High

Singapore MAS Announces Plans to Boost Asset Tokenization in Finance

Ethereum 3.0? “Beam Chain” Proposal Aims to Revamp ETH Consensus

Join our free newsletter for daily crypto updates!