Donald Trump celebrated his potential victory on Election Night at Mar-a-Lago with high-profile supporters like Elon Musk, Robert F. Kennedy, Jr., and Howard Lutnick, all of whom have ties to the crypto industry. As digital asset markets surged, Trump made promises to support the industry, including maintaining a national crypto stockpile and firing SEC Chairman Gary Gensler. He also pledged to create a “bitcoin and crypto presidential advisory council” and ensure all bitcoin is mined in America. Additionally, Trump proposed Fed rate cuts to boost crypto prices.
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