Behind the Money What crypto wants from Trump
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Jan 8, 2025 Niku Asghari, a Financial Times correspondent known for his insights into digital markets, discusses the palpable excitement among pro-crypto investors following Trump’s election. He reveals how many hope for regulatory clarity that could usher in a crypto golden age. The conversation explores the fragile relationship between the crypto industry and politics, spotlighting potential risks of mainstream integration. Asghari also highlights how tariffs may impact Bitcoin mining and the tension between crypto’s original anti-establishment ethos and its quest for acceptance.
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Crypto Enthusiasm in Abu Dhabi
- Chloe Cornish attended a crypto conference in Abu Dhabi after Trump's election victory.
- Many attendees wore crypto-themed outfits and expressed excitement about Trump's presidency.
Crypto Rollercoaster
- The crypto market experienced highs and lows, including the FTX collapse and subsequent regulatory crackdown.
- This led to a negative atmosphere within the crypto industry in the US.
Trump's Crypto Embrace
- Trump's pro-crypto stance during his campaign, including launching his own crypto company, shifted the industry's favor.
- He garnered support and donations from prominent figures and companies within the crypto space.