Is a "Strong Promotional Team" for cryptocurrencies born? Trump 2.0 cabinet members have a majority supporting stance. American politics is entering the era of "cryptocurrencies"!

Has this fervor just begun and how far will it continue?Experts say,Policy tailwindsandContinued inflow of funds、Entry of institutionsetc will support the long-term growth of the cryptocurrency marketFactors contributing to supporting growthpoint out.

Exceeding 0.245 billion dollarsfunding,nearly 300 peopleCrypto assets are supported by both houses of supporters, by weakening the influence of the opposition, cryptocurrency Political influence is rapidly expanding over the next few years。

According to data from the Federal Election Commission (FEC), political action committees (PACs) and other support groups related to the cryptocurrency industry raised over $0.245 billion for the 2024 presidential election. This is a remarkable amount, especially as the share of cryptocurrency flowing into elections accounts for nearly half of all donations from corporations.

Crypto industry funding goes beyond mere donations, changing the election landscape through support for carefully selected candidates and the prudent use of funds. According to Stand With Crypto, around 300 cryptocurrency supporters are scheduled to take office as legislators in both houses.

There are two individuals most avoided in the U.S. cryptocurrency industry. One is Democratic Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), and the other is Democratic Senator Sherrod Brown, Chairman of the Senate Banking Committee. Mr. Gensler is Scheduled to retire in January 2025.and Mr. Brown lost to Republican candidate Bernie Moreno in the 2024 election.Defeat.Both Gensler and Brown have shown a critical stance towards cryptocurrency, and are viewed by the industry as individuals who hinder innovation and restrict the development of the cryptocurrency industry.

Brian Armstrong, CEO of Coinbase, praised the outcome of this parliamentary election as a turning point for cryptocurrencies, posting on Twitter, "Welcome to the most cryptocurrency-friendly Congress in American history".Welcome to the most cryptocurrency-friendly Congress in U.S. history"

At the same time,All the ministerial appointments of the new Trump administration have been decided.If you look at the series of nominations currently disclosed,There are many individuals who could have a positive impact on the cryptocurrency industry.。

Before winning the US presidential election, Mr. Trump had clearly promised to promote cryptocurrency policies. Currently, members of the new administration are being announced one after another, and the market is paying attention to the trends of these members regarding cryptocurrency.

Looking at the lineup of the new administration, in addition to well-known names in the cryptocurrency market such as Mr. Mask and Mr. Howard Rutenic,Several ministers are strong supporters of cryptocurrenciesand alsoholding cryptocurrenciesis also publicly disclosed. Among them,Vice PresidentandTreasurer、Secretary of Commerce、Minister of Health and Welfare、National Intelligence Directoretc. are included.

From now until Mr. Trump's inauguration, cryptocurrencies are still maintaining a strong upward momentum. However, recently after bitcoin approached 0.1 million dollars,a significant decline occurred.Should be watched.

On the other hand, Matt Mena, cryptocurrency strategist at 21Shares, stated that the level of 0.1 million dollars is a psychological selling point for investors who have held Bitcoin for the long term.psychological selling pointAs explained, Mr. Mena said that holders are expecting a drop in this price range and are likely to sell part of their holdings to lock in profits. Similar behavior was also seen at previous highs of bitcoin.

Mr. Menaexpects cryptocurrency investors to move ahead in anticipation of the presidential inauguration in January.This phenomenon was also observed before the election day in November, where expectations of Trump's victory boosted cryptocurrency prices. Such proactive moves have the potential to generate the momentum needed to surpass the $0.1 million mark for bitcoin according to Mr. Mena.There is a potential to create the momentum needed for bitcoin to surpass the $0.1 million mark.said Mena.