@scampi
The 2024 U.S. presidential election, with Trump’s victory, significantly impacted cryptocurrency regulation and market liquidity. He shifted to supporting Bitcoin, pledging to make the U.S. a “crypto capital” and establish a Bitcoin reserve, boosting confidence. Bitcoin surpassed $100K on election night. The industry raised over $200M to back pro-crypto candidates, tilting Congress toward lenient regulation. Trump’s administration pushed a regulatory framework, reducing legal hurdles. Liquidity surged with $1.9B in Bitcoin futures, $3B in stablecoin inflows, and $16.5B from FTX payouts. Short-term, policy optimism and capital inflows drove prices and trading, but long-term effects hinge on regulatory execution and global responses.
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