Bitcoin proponents anticipate help from Trump, sending crypto soaring

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The cryptocurrency industry is anticipating a friendly Trump administration that will support digital assets, a belief that is already sending markets to new highs.

Bitcoin proponents, and the crypto industry at large, considered President Joe Biden’s administration to be adversarial to digital assets. Securities and Exchange Commission Chairman Gary Gensler in particular is seen as hostile, and his eventual departure and replacement is set to be a welcome one.

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