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- Political and regulatory shifts could significantly impact Bitcoin’s price and the broader crypto market.
- Potential new SEC leadership under Trump might lead to more crypto-friendly policies, fostering industry growth.
As predicted in our recent coverage about Bitcoin price exploding to $68,000 as Donald Trump might use BTC as a strategic reserve for the U.S., this scenario has been supported by 10x Research on President Joe Biden’s exit from the 2024 presidential race, which is predicted to enable former President Donald Trump to win decisively in November.
But what’s most interesting, as mentioned in CNF’s YouTube video today, is that this shift is anticipated to significantly influence both political and crypto sectors, particularly with expected changes at the SEC.
Furthermore, Markus Thielen from 10x Research firm suggests that SEC Chair Gary Gensler might resign early under a Trump administration, possibly by early 2025. This could open the door for more crypto-friendly policies and clear the path for Donald Trump to achieve a decisive victory in the November election. The firm states:
No credible candidate can seriously challenge Donald Trump. The November election appears to have been decided without a single vote.
Impact on Crypto Regulations
A new SEC leadership might bring different perspectives and policies, fostering a more favorable regulatory environment for cryptocurrencies and blockchain technology, which could stimulate industry growth and innovation. At the time of writing, Bitcoin (BTC) is trading at $66,725.12 with a decrease of 1.12% in the past day and an increase of 4.55% in the past week.
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In addition, it is also worth noting that not only has Bitcoin (BTC) price surged after the Trump rally, but also XRP follows, and the Crypto Casino presale shows early signs of 200x potential as CNF previously discussed.
