Following the election of Donald J. Trump to a second non-consecutive term, global capital markets have generally responded well to the news. However, one of the strongest beneficiaries of this electoral boost has been the cryptocurrency sector. With the total valuation of the digital asset ecosystem recently eclipsing the $3 trillion mark, investors clearly embrace the incoming Trump administration's potentially favorable policies.
Indeed, some blockchain advocates have declared that Trump's victory will represent a "golden era" for virtual currencies. Those bullish on the sector are predicting the arrival of new federal regulators that are open to cryptocurrencies, according...