Donald Trump’s return to the White House would be favorable for the cryptocurrency and digital asset sector, Compass Point Research & Trading said in a recent note.
“He is supportive of crypto. His campaign is accepting crypto donations,” the firm highlighted.
Last month, Trump met with a group of crypto miners to discuss how the crypto industry could benefit U.S. energy production, distribution, the development of artificial intelligence (AI), and data centers.
The former president also expressed a desire for all (BTC) mining to occur in the U.S. His pro-crypto stance has been incorporated into the Republican National Committee’s 2024 Platform, which commits to ending the crackdown on crypto and blocking the development of a central bank digital currency (CBDC). The platform also supports the self-custody of crypto assets and BTC mining.
Moreover, he selected Senator J.D. Vance (R-OH) to be his Vice-President candidate.
Vance,…
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