Hysteria on the crypto market after Trump’s victory. Binance boss announces the start of a “golden age” for cryptocurrencies, and Bitcoin soars to nearly $80,000.
Binance’s chief executive has hailed Donald Trump’s US presidential election victory as the start of a “golden era” as the crypto industry’s confidence soars, with the election result marking a turning point in its acceptance in America.
Trump’s success marked a “big victory for cryptography” that will lead to an influx of new US regulators open to digital currencies, Richard Teng told the Financial Times, quoted by ZF.
“America will follow a path to economic freedom”
Optimistic executives anticipate a sea change in policy in Washington, cheering the end of a Democratic administration that was perceived to be more openly hostile to crypto. Last year, Binance was fined $4.3 billion for violations of sanctions and anti-money laundering measures, while its former boss was jailed.
A year ago, the crypto industry targeted the election as an important moment to change the attitude of Washington, which it perceived as stifling innovation and trying to drive business out of America.
This week, his faith and planning, which included raising $170 million to spend on political campaigns this year, was vindicated. Brian Armstrong, CEO of crypto exchange Coinbase, said: “America will follow a path to economic freedom.”
Source: www.descopera.ro
