PANews reported on November 29 that Matrixport stated in its latest report that US President-elect Trump nominated three key cabinet ministers, who will head the US Treasury, Commerce and Securities and Exchange Commission (SEC) respectively. These candidates are generally considered to be friendly to cryptocurrencies and are aware of the inevitability of digital assets in the modern financial system.
Their nominations are expected to drive further integration of cryptocurrencies into the U.S. economy. If these nominations become reality, the 2024 narrative of "Bitcoin as digital gold" may evolve into a renaissance of decentralized finance (DeFi), with traditional finance increasingly integrating DeFi applications and blockchain technology to improve payment systems and transaction efficiency. While clear regulations are expected, the digitization of the U.S. financial economy may make cryptocurrency applications the biggest winner of this election. This shift may also force other national and regional governments to accept cryptocurrencies, accelerating their global adoption.
Matrixport added that the possibility of establishing a strategic Bitcoin reserve is increasing. However, the United States may not actively purchase Bitcoin, but instead retain its existing Bitcoin indefinitely.
