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Trump Pushes for New Cryptocurrency Policies! Will the Crypto Market Reach New All-Time Highs in 2025?

TradingKeyJan 22, 2025 6:27 AM

TradingKey - Trump 2.0 has initiated proactive policies for cryptocurrencies, sparking optimism in the market. Binance CEO Richard Teng believes these measures could drive the crypto market to unprecedented heights in 2025.

On Tuesday, January 21, the U.S. SEC announced the formation of a dedicated cryptocurrency task force to develop a comprehensive and clear regulatory framework for crypto assets. In a surprising move, President Trump also granted clemency to Silk Road founder Ross Ulbricht, a decision that significantly boosted market confidence. Following this announcement, Bitcoin surged by over 4%, reaching $105,580.

Bitcoin Price Chart, Source: CoinMarketCap.

Meanwhile, the total cryptocurrency market capitalization rebounded to $3.61 trillion, inching closer to the previous high of $3.72 trillion recorded on December 17, 2024. The question remains: can the market break past this threshold and set a new record in 2025?

Cryptocurrency Market Cap Changes, Source: CoinMarketCap.

In an interview with CNBC, Binance CEO Richard Teng expressed confidence that President Trump's proactive regulatory measures would help the cryptocurrency market achieve historic highs in 2025.

Teng noted that the U.S. is moving toward clearer regulations, with new legislation focusing on token issuance, trading, and asset management. He also emphasized that Trump is not the only political figure supporting cryptocurrencies, pointing out that both the House and Senate have shown greater support for the sector compared to previous years.


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