2024

bullish

Donald Trump

<ul>
 <li aria-level="1">Nomination of Howard Lutnick as Commerce Secretary reflects Trump’s commitment to fostering a pro-crypto environment.</li>
 <li aria-level="1">The introduction of a dedicated crypto role could profoundly influence U.S. digital asset policies and growth.</li>
</ul>
In the aftermath of the 2024 presidential election, President-elect <a href="https://www.ethnews.com/donald-trump-meets-bitcoin-leaders-vows-to-support-mining/" rel="noopener noreferrer nofollow">Donald Trump</a> is reportedly exploring the establishment of the first-ever cryptocurrency-focused position within the White House. This move underscores a potential commitment to the digital asset sector as Trump prepares for his second, non-consecutive term.
Trump’s interest in integrating cryptocurrency policy more directly into his administration was highlighted in a recent Bloomberg report, which notes ongoing discussions among his transition team.
 This prospective role would focus on shaping U.S. digital asset policy and coordinating with relevant stakeholders to advance the sector’s integration into the national economy.
The proposed crypto role reflects a broader acceptance of digital currencies within Trump’s circle, evidenced by his recent nomination of Howard Lutnick, CEO of Cantor Fitzgerald and a known Bitcoin advocate, as Commerce Secretary.
 Lutnick’s potential appointment is seen as a positive signal for the future of cryptocurrency policy under the Trump administration.
The reaction to Trump’s election victory has already had a palpable impact on the cryptocurrency market. Bitcoin prices surged to new heights, briefly topping $94,000, as investors anticipated a more favorable <a href="https://www.ethnews.com/survey-reveals-crypto-owners-political-leanings-48-support-for-donald-trump/" rel="noopener noreferrer nofollow">regulatory environment</a> under a Trump presidency that could encourage broader adoption and investment in digital assets.
If realized, this inaugural White House crypto role could influence both national policy and global perceptions of the United States as a leader in cryptocurrency innovation and regulation. 
The initiative suggests a strategic alignment with the burgeoning digital economy and a recognition of cryptocurrency’s potential to <a href="https://www.ethnews.com/donald-trump-shows-growing-interest-in-bitcoin-offers-positive-commentary/" rel="noopener noreferrer nofollow">impact financial markets</a>, technology innovation, and economic policy.

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Bitcoin (BTC) is currently trading at $94,385 USD, reflecting a daily gain of 2.12%, showcasing strong bullish momentum that continues to dominate the market. Over the past week, BTC has seen a 7.21% rise, while its monthly growth stands at an impressive 36.77%. Year-to-date, Bitcoin has surged by 123.35%, driven by growing institutional interest, increased retail adoption, and an improving macroeconomic outlook for digital assets.
Technically, Bitcoin is approaching a critical resistance level at $95,000 USD, which marks a pivotal point before testing the psychological milestone of $100,000 USD. If BTC can break through this level, it may trigger further bullish momentum and a potential rally to new all-time highs.&nbsp;
On the downside, immediate support is visible around $85,000 USD, a key level that could stabilize the price in case of a short-term correction.
The post <a href="https://www.ethnews.com/trumps-pro-crypto-cabinet-could-transform-u-s-crypto-asset-policy/" rel="noopener noreferrer nofollow">Trump’s Pro-Crypto Cabinet Could Transform U.S. Crypto Asset Policy</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Trump’s Pro-Crypto Cabinet Could Transform U.S. Crypto Asset Policy

ETHNews

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