The election outcome has invigorated the cryptocurrency market, pushing Bitcoin close to $100,000, as investors react positively to the prospect of pro-crypto governance.
Scott Bessent, Trump's nominee for Treasury, stated that cryptocurrencies are about freedom, signaling a shift in regulatory stance that has excited many investors in the crypto community.
Possibilities of creating a U.S. strategic reserve of Bitcoin have resonated deeply within the industry, as they could provide immediate control over financial assets.
With Gary Gensler stepping down as SEC Chairman, the crypto sector looks forward to potential regulatory easing, reflecting optimism towards a new pro-crypto administration.
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