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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

Scoop: The ‘Trump Card’ of New US Presidency To Unlock a New Era for Web3

Bitcoinist
by Bitcoinist
Last Updated: November 17, 2024 11:03 am
·
Posted in Industry
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

President-elect Donald Trump has a busy agenda, and sources confirm an upcoming meeting between Trump and a key leader from the crypto industry.

The cryptocurrency industry is riding a wave of optimism following Donald Trump’s return to the political stage. With the global crypto market surpassing $3 trillion after his election victory, investors are betting on a regulatory environment that could finally provide clarity and stability for the fast-growing sector.

Crypto leaders and market analysts are closely watching Trump’s presidency, as his administration’s approach could define the next phase of global Web3 adoption. And there is no shortage of speculation about who might step into key advisory roles to shape his administration’s stance on digital assets, Web3 technologies, and decentralized finance (DeFi).

Adding to the intrigue, whispers of meetings with prominent crypto figures have begun circulating in Washington. Industry insiders are already linking several key players to Trump’s crypto advisory team.

Justin Sun to Meet Trump as Potential Crypto Advisor

According to a source close to the matter, TRON founder Justin Sun is confirmed to meet with President-elect Trump in the near future. While details remain sparse, insiders suggest Sun could take on a formal role as an advisor on cryptocurrency and Web3 for the incoming administration.

Sun, a blockchain entrepreneur and founder of one of the largest global crypto ecosystems, has long been an outspoken advocate for blockchain adoption and innovation. His potential advisory role could signal a shift toward more open engagement between US policymakers and the crypto industry.

If Sun does step into an advisory role, his expertise could prove invaluable. As a trailblazer in blockchain technology, he’s positioned to help craft policies that encourage innovation while balancing the demands of a highly volatile market.

Ripple CEO in the Mix

Sun’s rumored meeting isn’t the only point of interest. Ripple CEO Brad Garlinghouse is also believed to have had discussions with Trump or his team. Garlinghouse recently liked a social media post referencing such a meeting, and during a FOX Business interview, he playfully avoided confirming the speculation. Instead, he highlighted the friendly stance between the crypto industry and the Trump administration, saying: “I think he sees the opportunity, he sees innovation, he sees entrepreneurship. I am very excited about what the future holds.”

This rumored alignment of crypto heavyweights with the Trump administration reflects the growing importance of the blockchain sector in shaping future economic policies. As digital assets gain mainstream recognition, the involvement of leaders like Sun and Garlinghouse signals that the crypto industry has become a critical stakeholder in global economic discussions.

A Bull Run Fueled by Optimism?

The prospect of crypto-friendly policies under Trump has already energized the market. Bitcoin hit a new all-time high at $93,434 on Nov. 13, doubling its value in 2024. Ethereum (ETH) has followed suit, climbing 33% post-election to hit $3,220.

What’s Next?

As the Trump administration prepares to take office, the crypto world is brimming with speculation and anticipation. A roster of industry leaders like Sun and Garlinghouse could play pivotal roles in shaping the US’s position as a global leader in blockchain innovation.

While the details of these discussions remain unconfirmed, the mere possibility of such high-level engagement underscores crypto’s increasing significance on the political stage. If Sun does meet with Trump, it may signal a bold new direction for crypto and Web3 policy under America’s next administration.

Image by StudioLabs from Pixabay

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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