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- 🚨 With Trump Winning, How Will Pro-Crypto Candidates Shape U.S. Policy?
🚨 With Trump Winning, How Will Pro-Crypto Candidates Shape U.S. Policy?
CoinGape Media
November 06, 2024
News
Donald Trump has finally won the US Presidential Election 2024 beating Kamala Harris by a strong vote margin in both the House and Senate. Crypto voters have played a decisive role in this Presidential race for the US Election 2024 with several pro crypto candidates leading as per the current trends. The crypto donations that came pouring in over the past few months through Super PACs can really play a crucial role in changing the tide of the US crypto industry.
The investors are keeping a close track of the US election, while Coinbase execs highlighted the growing influence of crypto in the political landscape this year. CEO Brian Armstrong pointed towards how pro-crypto sentiment is hovering in the market, while CLO Paul Grewal urges the US SEC to change its stance on digital assets now.
Donald Trump’s victory in the US Presidential election 2024 has sparked speculations over the potential future of the US SEC Chair Gary Gensler. A recent report hints that the agency’s Chair could resign as soon as this year, further fueling discussions. Besides, it also aligns with the previous commitment of the former US President, where he said that he would fire Gensler on his first day in office.
Markets
The cryptocurrency prices today set off bullish waves across the broader industry, taking a noteworthy upside trajectory amid the ongoing U.S. elections. Bitcoin (BTC) price touched the $75K level on Wednesday, whereas Ethereum (ETH), Solana (SOL), & XRP prices gained 6%-16% intraday. Notably, Dogecoin (DOGE) leads the meme coins sector with phenomenal gans, crossing the $0.2 price level recently. Further, the total crypto market volume over the past day noted an 8% surge in value to $2.45 trillion. Moreover, the total market volume witnessed a 51.42% increase in value to $126.04 billion.
A flurry of crypto market investors lauds the victor of Donald Trump in the US Election 2024, beating Kamala Harris. According to recent reports, the former US president secured a victory in the election, sparking market optimism over the Bitcoin price rally to $100K. Besides, the market participants are also celebrating the growing influence of crypto in the US political space.
Cardano (ADA) has experienced a notable price surge over the past 24 hours following a market rebound in the wake of the U.S. elections. As buyers show renewed interest, the proof-of-stake blockchain platform continues to see upward momentum. This price increase aligns with recent election news, reportedly linked to market optimism after Donald Trump’s electoral victory. ADA is now on a positive trend, with analysts suggesting further gains could be on the horizon as the altcoin attracts more attention amidst the broader crypto market rally.