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**Trump Declares End to Biden’s Crypto Policies**
In a shocking move, Donald Trump has announced the end of Joe Biden’s crypto policies, sparking widespread debate within the cryptocurrency community. According to reports, Trump claims his administration is committed to making America the “crypto capital” and ending what he describes as Biden’s “war on Bitcoin and crypto.”
Speaking at the Future Investment Initiative Institute conference in Miami, Trump linked Bitcoin’s recent record highs to his own pro-crypto stance. He stated that everyone knows he is dedicated to turning the United States into a hub for digital assets.
Trump also signed an executive order aimed at developing a clear legal structure for digital assets, sparking hope among crypto enthusiasts that regulatory practices by watchdog agencies will be overhauled. The move has been met with skepticism from some quarters, who argue that it may not amount to much more than a public relations stunt.
Notably, Trump’s involvement in the crypto market goes beyond policy; he has personally engaged with the industry, launching his own meme coin, TRUMP, just before taking office. This sparked significant interest and saw the token swiftly reach billions in market capitalization. His wife, Melania Trump, also entered the fray by launching her own cryptocurrency venture, although it ultimately lost more than half its value after she released her own meme coin.
Furthermore, World Liberty Financial, a DeFi company backed by Trump’s family, has reportedly been on a buying spree since his return to the Oval Office. Data shows that the platform holds over $348 million in assorted cryptocurrencies, including USDC, TRX, ETH, and AAVE.
The move comes amid growing interest in cryptocurrency markets, with Bitcoin recently breaking its all-time high for the umpteenth time.
Source: cryptopotato.com
