‘A New American Renaissance:’ Crypto Celebrates Trump’s Return

Crypto advocates took a victory lap on Wednesday as the vast amounts of money they poured into the US elections yielded huge dividends, from Donald Trump’s reelection to down-ballot wins for politicians friendly to the sector.

Once a crypto skeptic, Trump corralled tens of millions of dollars in industry support for Republican candidates by promising to make America the Bitcoin superpower of the world. On the campaign trail this summer, he pledged to fire US Securities and Exchange Commission Chair Gary Gensler, create a government-owned Bitcoin reserve and ensure all future Bitcoin is mined on US soil.

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