In a recent news update, Bitfinex analysts suggest that Donald Trump is perceived as a pro-innovation candidate in the cryptocurrency sector. According to Bitfinex analysts interviewed by The Block, “Prominent figures in the cryptocurrency space, the Winklevoss twins, have donated $2 million worth of Bitcoin to Trump’s campaign as a show of support. This indicates that both the crypto and traditional finance (TradFi) communities increasingly view Trump as a pro-innovation candidate.”
The analysts further believe that a Trump victory in November would signal a shift towards a more favorable regulatory environment for the US cryptocurrency industry. “During his campaign, Trump has shown support for Bitcoin and other cryptocurrencies, in stark contrast to the current administration’s cautious and stringent regulatory approach. A Trump administration may prioritize establishing a clear and supportive regulatory framework to encourage innovation and investment in the cryptocurrency sector,” added the Bitfinex analysts.
The US presidential debate is scheduled to take place at 9 PM Eastern Time on Thursday on CNN, marking the first joint debate between the two candidates since 2020.
Tags:
Cryptocurrency
Trump
US Elections
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https://www.theblock.co/post/302025/politifi-memecoins-plunge-amid-trump-vs-bi…
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Original article link: https://www.bitpush.news/articles/6910847