US Crypto Momentum Under Trump Is Like a ‘Space Race,’ Says TRM Labs Exec
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Ari Redbord, head of legal and government affairs at TRM Labs, highlighted the significance of pro-crypto appointments and strategic initiatives that could position the US as a global leader in digital assets. The United States is witnessing a surge in optimism around cryptocurrencies, likened to the fervor of the ‘space race,’ thanks to recent developments under President Donald Trump’s incoming administration. Pro-Crypto Leadership Speaking on CNBC’s Squawk Box on Jan. 6, Redbord described the appointments of Scott Bessent as Treasury Secretary, Paul Atkins as Chair of the Securities and Exchange Commission (SEC), and venture capitalist David Sacks as the White House’s “crypto czar” as pivotal moves. He emphasized that “people are the policy,” suggesting that these leadership choices reflect a strong commitment to fostering innovation in blockchain, artificial intelligence, and digital assets. Ari Redbord on Squawk Box highlights pro-crypto appointments under Trump as key to advancing blockchain and digital assets. Source: CNBC “There’s a palpable sense of excitement, almost akin to a space race, as the US is now poised to catch up with or even surpass global competitors in blockchain technology,” said Redbord. Strategic Bitcoin Reserve One of the most discussed ideas is the potential establishment of a US strategic Bitcoin reserve. Redbord noted that such a move could significantly boost Bitcoin’s value and encourage other nations to adopt similar strategies. “This could trigger a global trend, with countries and even US states recognizing Bitcoin’s growing role in national finance,” he explained. Source: Giobanni Incasa via X Switzerland and Hong Kong have already made strides in this direction, with Switzerland approving the addition of Bitcoin to its national reserves. Metaplanet CEO Simon Georvich predicted that if the US moves forward with a Bitcoin reserve, it could set off a race among nations to follow suit. Expanding Blockchain Use Cases…
Filed under: News - @ January 9, 2025 12:19 pm