Trump Re-election Sparks New Era of Crypto Dominance

- Bitcoin price expected to reach new highs with Trump’s reelection - Pro-crypto policies expected to strengthen with a change in SEC leadership [Unblock Media] With President Donald Trump starting his second term, positive changes are expected in the cryptocurrency market. The likelihood of deregulation under Trump’s re-election could spark a rally in the cryptocurrency market. With the presidency, Senate, and House of Representatives all under Republican control, the Biden administration and the Securities and Exchange Commission’s (SEC) opposition to cryptocurrencies is expected to wane. This has already led to Bitcoin reaching an all-time high. Analyst James Van Straten notes that while the Consumer Price Index (CPI)-adjusted Bitcoin price stands at $77,000, the current Bitcoin price is lower, indicating potential for further growth. The 13-F filing deadline for institutional investors who have bought Bitcoin ETFs is November 14, signaling possible additional price increases. However, Trump’s proposed tariffs on China could raise consumer prices and bond yields, creating burdens on financial markets, potentially negatively affecting risky assets like Bitcoin. Tether could also see positive effects from Trump’s re-election. Tether has close ties with financial giant Cantor Fitzgerald, whose CEO Howard Lutnick is a major supporter of Trump. This suggests that investigations into Tether for sanctions and anti-money laundering regulation violations might be less aggressively pursued. Solana could benefit from Trump’s re-election as well. There’s a possibility of a change in SEC leadership, with a new chairperson potentially being more favorable toward cryptocurrencies. This could not only positively impact the approval of Bitcoin ETFs but also raise the likelihood of altcoin-related ETFs like those tied to Solana being approved by the SEC. Various investment banks and asset managers actively interacting with the Solana Network could see more institutional investors venture into Solana-based projects. The decentralized finance (DeFi) sector might also experience positive impacts from Trump’s re-election. Trump has previously committed to making the U.S. a cryptocurrency hub, which could result in a regulatory environment that diminishes the burden on DeFi platforms, thereby facilitating easier operations. According to Business Insider, Trump’s policies could reduce the regulatory costs for the DeFi sector, likely attracting more investments and projects. Trump’s re-election increases the likelihood that SEC Chair Gary Gensler might complete his term and depart. Gensler has implemented strict regulations on major cryptocurrency companies and is unpopular within the crypto community. Cointelegraph suggests the possibility of a more crypto-friendly individual being appointed as SEC chair. However, Gensler’s term lasts until January 5, 2026, meaning immediate departure is not confirmed. Trump’s re-election could create a more favorable environment across the cryptocurrency and blockchain industries. This could positively affect major cryptocurrencies like Bitcoin, Tether, Solana, and Ethereum, as well as DeFi platforms.