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Title: Binance CEO Reveals How Trump’s Crypto Policies Are Triggering a Market Frenzy
[Image: Changpeng Zhao, Binance CEO]
The crypto market has been on an unprecedented upswing since the inauguration of Donald Trump as the 45th President of the United States. In an exclusive interview with Coinpedia, Binance CEO Changpeng Zhao revealed that the new administration’s pro-crypto stance has triggered a frenzy in the markets.
As reported earlier, the US political landscape is undergoing a significant shift, with Trump’s nomination of Howard Lutnick as Commerce Secretary being seen as a strong indication of his commitment to supporting the crypto space. We asked CZ what impact this could have on the market and he emphasized that it was “unprecedented.”
“I must say, I’m very impressed by the new administration’s approach,” Zhao said in an exclusive interview with Coinpedia. “The fact that Trump has nominated a pro-crypto leader like Howard Lutnick as Commerce Secretary is sending a clear message to the market: we are open for business.”
Zhao added that this shift in policy was having a profound impact on the crypto space, particularly in terms of institutional investment.
“We’re seeing more and more institutional investors entering the space,” he noted. “It’s not just about individual retail investors anymore. We’re now seeing hedge funds, family offices, and other large-scale investors taking positions in cryptocurrencies.”
CZ also highlighted how the shift in US policy is creating a ripple effect globally.
Source: coinpedia.org
