Coinbase, Robinhood CEOs say Trump regime will smooth crypto regulations
Crypto traders are betting that President-elect Donald Trump will usher in a new era of regulation for digital assets that will make it easier for the industry to grow, CEOs of firms involved in those markets told CNBC on Tuesday.
“We have seen basically what people are calling the ‘Trump Pump,'” Robinhood CEO Vlad Tenev said on “Squawk Box.” Crypto markets have rallied sharply since the election of Trump, with bitcoin hitting record highs near $90,000.
“There’s widespread optimism that the Trump administration, which has stated that they wish to embrace cryptocurrencies and make America the center of cryptocurrency innovation worldwide, is going to have a much more forward-looking policy towards this new industry,” Tenev said.
The Biden…
