Crypto Industry Surges Amid Trump's Victory and GOP Sweep

Binance CEO Richard Teng has declared Donald Trump's presidential win as a "golden era" for the cryptocurrency industry, anticipating a shift in US policy towards more crypto-friendly regulations. The industry, which has faced regulatory challenges under the previous administration, sees Trump's victory as a chance to influence Washington and promote digital currencies. This optimism is reflected in the surge of Bitcoin prices and investments in crypto exchange-traded funds. The crypto sector hopes for regulatory reforms, particularly at the SEC, to foster institutional participation and innovation.