Coinbase Executive: Crypto Traders Exuberant Over Trump’s Comeback

The former leader, Donald Trump, is to return to the Oval Office following his triumph in the 2024 presidential elections last Tuesday, which incited a widespread surge in the stock market. The election results have buoyed various industries, with the cryptocurrency sector anticipating substantial growth amidst his tenure. Bitcoin (BTC-USD) has notably soared to unprecedented heights, surpassing $75,000, as a direct response to Trump’s electoral victory.

Faryar Shirzad, Chief Policy Officer at Coinbase Global (COIN), will appear on Market Domination to discuss what the rise in trader confidence, due to Trump’s pledges, could mean for the future of cryptocurrencies.

“We’re absolutely delighted to welcome a new president who has embraced crypto during his campaign and seeks to maintain American leadership in this field,” says Shirzad.

He emphasizes the critical objective of creating definitive regulatory frameworks in the industry, conceding that “there are significant regulatory voids presently and hopefully, the United States will swiftly bridge these gaps.”

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Authored by Angel Smith