“As Donald Trump’s pro-cryptocurrency administration takes shape, the US could be on the way to a potential DeFi revolution. Matrixport came to this conclusion. #MatrixOnTarget Report📊 – Nov 29: #Trump’s Advocates: The Three MenShaping A New #Financial (Crypto) Era#Matrixport #Crypto #cryptomarket #MarketWatch #CryptoInvestors #BTC #ETF pic.twitter.com/wHqKPWsF89 — Matrixport Official (@Matrixport_EN ) November 29, 2024 Potential candidates for the positions of heads of the Treasury, the Department of Commerce and the SEC […]”, — write: businessua.com.ua
As Donald Trump’s pro-cryptocurrency administration takes shape, the US could be on the way to a potential DeFi revolution. Such a conclusion was reached in Matrixport.
#MatrixOnTarget Report📊 – Nov 29: #Trump’s Advocates: The Three Men
Shaping A New #Financial (Crypto) Era#Matrixport #Crypto #cryptomarket #MarketWatch #CryptoInvestors #BTC #ETF pic.twitter.com/wHqKPWsF89— Matrixport Official (@Matrixport_EN) November 29, 2024
Potential candidates for the positions of heads of the Treasury, the Ministry of Trade and SEC are perceived as officials capable of changing financial policy and closely linking the country with the cryptocurrency sector.
According to analysts, the “Bitcoin is digital gold” narrative may change with the “DeFi renaissance”. In other words, TradFi will become more and more integrated dapps or blockchain to “improve the efficiency of payment systems and transactions.”
“While the establishment of clear rules may be expected, the ‘digitization’ of the US financial economy may make crypto-apps the biggest ‘winners.’ This shift will encourage other governments to adopt the assets, accelerating their global adoption,” the review said.
Analysts emphasized the attractiveness of the first cryptocurrency in the light of macroeconomic uncertainty after the call of the candidate for the post of the head of the US Treasury, Scott Bessant, to reduce the budget deficit.
Experts also called the creation of a strategic bitcoin reserve “increasingly likely.” They added that even in conditions of refusal of active purchases of coins, the authorities “will keep the available stocks indefinitely.”
Formerly the former chairman CFTC and crypto czar candidate Christopher Giancarlo called digital assets a priority for Trump.
As a reminder, The Block recorded a shift in market interest from meme coins to DeFi tokens.
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