The cryptocurrency industry is banking on a friendlier regulatory environment under a potential Trump administration, following significant financial support for pro-crypto candidates in the 2024 elections. Advocates are pushing for clarity on digital asset classifications and legislation for stablecoins, while concerns about consumer protection persist amid fears of increased scams. Trump’s team has indicated a commitment to fostering innovation in the sector, with proposals for a U.S. strategic Bitcoin reserve and a crypto advisory council, though the extent of legislative progress remains uncertain.
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