Crypto got the president (and Senate) it wanted

Published On Nov 6, 2024, 10:52 AM

The recent U.S. elections have favored pro-crypto candidates, including Donald Trump as president and Bernie Moreno as a senator from Ohio. This political shift is expected to lead to favorable regulations for the crypto industry, potentially boosting digital asset valuations. Bitcoin has already reached an all-time high, and stocks like Coinbase surged over 31% on the news. The market anticipates further pro-crypto legislation in Washington, D.C.

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Coinbase's stock surged following the election results, reflecting investor optimism about a more favorable regulatory environment and potential for increased adoption of cryptocurrencies.

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