What Trump promised the crypto industry ahead of the election
As Donald Trump celebrated his prospective victory on Election Night at Mar-a-Lago, he was joined by a roster of high-profile supporters. Among them were Elon Musk, Robert F. Kennedy, Jr. and Cantor Fitzgerald CEO Howard Lutnick.
One thing those three people have in common: crypto.
It’s an industry that Trump talked little about until recently but has counted on for large amounts of cash for his campaign and related PACs. Getting that money required him to make big promises pertaining to the crypto industry.
Digital asset markets surged on Election Night, with bitcoin hitting a record of over $75,000, as his victory began looking likely. Crypto-linked stocks like Coinbase and MicroStrategy moved higher as well in after-hours trading…
