#Trump Team Aids Crypto Industry Development#

There are two main viewpoints on the impact of the Trump administration on the development of the cryptocurrency industry. Bitwise CEO Hunter Horsley believes that the Trump administration may unfreeze mergers and acquisitions, which would accelerate the development of the cryptocurrency industry. He believes that large companies may become larger, while medium-sized companies may shrink, which would highlight the conceptual premise of cryptocurrency, namely that it is not believed that large institutions will do what is in your best interest. Ripple CEO Brad Garlinghouse, on the other hand, said that the Trump administration has driven innovation and job growth in the United States, and believes that the Trump effect is already making cryptocurrency great again. He pointed out that Ripple Labs has completed more transactions and collaborations in the United States after the November 2024 election than in the previous six months. Although there is no concrete evidence yet to show how the Trump administration will specifically help the development of the cryptocurrency industry, the views of both CEOs indicate that the Trump administration has a positive attitude towards the cryptocurrency industry and may have a significant impact on the industry's development in the future.