#Trump Team Aids Crypto Industry Development#

There are two perspectives on the impact of the Trump administration on the development of the cryptocurrency industry. One view is that the Trump administration's policies will accelerate the development of the cryptocurrency industry. Bitwise CEO Hunter Horsley believes that the Trump administration may unfreeze mergers and acquisitions, which will lead to large companies acquiring medium-sized companies, ultimately accelerating the development of cryptocurrencies. This is because the concept of cryptocurrency is to question the interests of large institutions, and as large companies grow larger, this will become more prominent. On the other hand, Ripple CEO Brad Garlinghouse believes that the Trump administration has promoted innovation and job growth in the United States, which will benefit the development of the cryptocurrency industry. He said that Ripple Labs completed more transactions and collaborations in the United States after the November 2024 election than in the previous six months, indicating that the Trump administration has played a positive role in the crypto space. In conclusion, the impact of the Trump administration on the cryptocurrency industry remains to be seen, but its policy changes could have a significant impact on the industry.