CEO of crypto exchange Binance, Richard Tan, believes that with the victory of Donald Trump in the US election, cryptocurrencies “started a golden age”. He stated this in a comment for the newspaper Financial Times.
According to him, the return of a Republican to the White House is a “big win for the crypto industry” and will lead to the recognition of cryptocurrencies by most US regulators.
A similar point of view is shared by the heads of other platforms specializing in cryptocurrencies. As Coinbase CEO Brian Armstrong noted, after Trump's victory, “America will be on the road to economic freedom”. The founder of cryptocurrency company Galaxy Digital, Michael Novogratz, believes that in the coming year, good news for the industry will appear every week.
At the same time, according to former US Securities and Exchange Commission (SEC) official Amy Lynch, the Trump administration could make the Commodity Futures Trading Commission, rather than the SEC, the industry's primary regulator. which will mean less strict regulation of the cryptocurrency sphere. According to Lynch, this will “threaten major fraud cases”.