The return of Donald Trump to the White House is exciting the cryptocurrency market. His government will have to harbour constructive policies toward blockchain and Web3 projects, as he declared himself avowedly business-friendly.
This feeling of excitement over what the next four years may now bring for the global crypto market, which crossed over $3 trillion in the wake of the election, thus presages clearer regulations and innovation. With high expectations, the crypto community now waits for Trump’s key advisors who will shape policy in this space.
Justin Sun and Brad Garlinghouse: Potential Blockchain Advisors
Two well-known figures in the crypto space, TRON founder Justin Sun and Ripple CEO Brad Garlinghouse are reportedly in talks with the new administration. According to reports, Sun, who is an outspoken supporter of Web3, is going to meet with President Trump shortly. With his work on decentralization and at the forefront in so many areas of innovation, a position of advisor for Sun could have huge implications in regard to how this administration will approach DeFi and digital asset regulation. Industry connections and expertise at Sun perfectly place him to bridge the gap between regulators and crypto entrepreneurs.
Another heavyweight blockchain player, Brad Garlinghouse, was also thought to be in talks with Trump. Chatter online and an interview on FOX Business full of cryptic comments have fueled the speculation. A head of Ripple, Garlinghouse has valuable insight into the regulatory challenges within blockchain companies and could be a natural source of counsel on crypto policy.
Markets React with Record Highs
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The cryptocurrency market appears to believe that Trump’s election and a potentially friendlier administration toward cryptocurrency is good news. Bitcoin has hit all-time highs at $93,434, more than twice from last year and 30% since Trump’s election. Ethereum has also surged, by 33%, at $3,220. These moves on the markets demonstrate investor confidence in an adequate regulatory environment that encourages innovation but allows consumers to be protected.
In any case, this enthusiasm is definitely not limited to market performance. Industry leaders and investors alike see this as an opportunity to clearly establish a regulatory framework which grows economies while being accountable. If advisors like Justin Sun and Brad Garlinghouse influence policy, optimism in the markets could translate to real, tangible developments for blockchain technologies.
Turning Point for Blockchain and Web3
Several key leaders in the crypto sphere, reportedly participating in the initiative, may also experience a turning point in terms of blockchain integration into US policy. People like Sun and Garlinghouse would strategically be far better placed to frame much-needed regulatory policies and approaches while helping to ease the heavy burden regulation casts on the growth of the Web3 ecosystem—in favour of innovation but still guarding the consumer.
Sun’s work supports the government’s overall objectives in regard to technological advancement, and Garlinghouse’s activities with Ripple basically pertain to the approach of linking traditional finance to revolutionary technologies. In tandem, they were balancing integration into the blockchain within mainstream economic policy.
As the Trump administration takes its own shape, it indeed becomes clear that cryptocurrency takes increasingly more parts of the political and economic debate. However, neither Sun nor Garlinghouse confirmed that the mere possibility that their involvement could be a matter of interest has something to do with the ever-increasing force of blockchain technology as it shapes the future of global economies. The next months will fill these developments either with meaning or debase them.
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