The crypto-world got super-excited after Donald Trump won – its gonna change how digital money works in America. Last summer Trump said heʼd be a crypto president and now he can do it
Bitcoin jumped to $90k (which is pretty-high) and some smart-money people think its gonna hit 100k soon. The whole thing is making crypto-folks happy: they spent like $119 mln to help get pro-crypto people into Congress
Last July Trump made some cool promises to the crypto-world including making a special bitcoin reserve for America. Mike Belshe from BitGo (who did a money-party for Trump) says: “we need to fix the rules; people want that“
Weʼve had an administration thats been very negative and so weʼre looking forward to unlocking that gridlock
The crypto-people want these things fixed:
* Getting banks to work with crypto companies
* New SEC boss who likes crypto
* Special group to give advice about crypto
* Better rules for digital money
Its been hard for crypto-firms to work with banks since last years big bank problems. But Kristin Smith who runs the Blockchain group thinks Trump can fix this fast – maybe with just one paper from the White House
The new Congress gonna be super into crypto (thats what Kara Calvert from Coinbase thinks). They spent lots of money to get friendly people in there; like Bernie Moreno who beat a guy who didnt like crypto in Ohio