Investors hope the Trump White House will set an agenda that drives a wave of interest from big US institutions which have so far sat on the sidelines.
Shervin Pishevar, a venture capitalist close to Trump and Elon Musk, one of the incoming president’s biggest backers, said the US “is now on the verge of sensible crypto policy”.
Trump vociferously touted the merits of bitcoin for the US economy during his campaign, supported the creation of a strategic bitcoin reserve and even promoted a new crypto venture backed by his sons.
Many of his inner circle are also pro-crypto. Vice-president-elect JD Vance owns cryptocurrency and the co-chair of Trump’s transition team, Howard Lutnick, heads investment…
Nov 14 2024
