As cryptocurrency investors celebrated Donald Trump's election victory, Bitcoin soared to an all-time high above $93,000, reflecting optimism about favorable policies for the sector.
The election has energized the crypto sector, with Dogecoin skyrocketing 150% since election day, signaling a shift towards a more crypto-friendly government approach.
Brad Garlinghouse, CEO of Ripple, expressed that the end of the Biden administration's regulatory push against crypto is advantageous for the industry and its stakeholders.
Howard Lutnick and other crypto proponents are expected to form a key part of Trump's economic team, suggesting an impending shift towards more supportive policies for cryptocurrencies.
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