Trump nominated Jay Clayton, former SEC chairman during his first term, to serve as U.S. attorney for the Southern District of New York during his second term.

Republicans won enough seats to take control of the U.S. House of Representatives, delivering a sweeping victory in the general election that ensures their control of both chambers of Congress and the White House. Republicans earlier gained control of the Senate.

US President-elect Trump announced that Musk and Vivek Ramaswamy (Trump proxy) will lead the Department of Government Efficiency (DOGE for short).

US President-elect Donald Trump has hinted that he will bypass the Senate's confirmation process to appoint members of his administration, which appears to include replacing Securities and Exchange Commission (SEC) Chairman Gary Gensler. In a Nov. 10 X post, Trump said that only he has the power to choose which US senator will serve as Senate majority leader starting when the new Congress is sworn in in January 2025. The Republican said he hopes potential majority leaders will agree to make appointments during recess to bypass the confirmation process and put people in key positions "right away" instead of going through questioning and scrutiny by lawmakers.

Trump's nominee for Treasury Secretary, billionaire hedge fund manager Scott Bessent, is very supportive of cryptocurrencies, especially Bitcoin. Some of his recent remarks include: "I am excited about the president's support for cryptocurrencies, and I think it fits in well with the Republican Party. Cryptocurrencies represent freedom, and the crypto economy is here to stay." "I think all the possibilities of Bitcoin are worth exploring. One of the most exciting things about Bitcoin is that it attracts young people and those who have never participated in the market before. Cultivating a market culture in the United States that makes people believe that there is a system that works for them is the core of capitalism."

According to the data from election forecasting agency DECISION DESK HQ, the Republican Party of the United States has gained control of the House of Representatives. It is currently predicted that the Republican Party has won 218 seats in the House of Representatives and has become the majority party in the House of Representatives; the Democratic Party currently has 209 seats. According to previous predictions by many media, the Republican Party has gained control of the Senate.

ABC reported, citing multiple unnamed sources, that billionaire Elon Musk has become one of the key figures in the formation of Trump's future government. Musk has been at Mar-a-Lago almost every day since the last election, directly influencing Trump's personnel decisions and strategies for his second term. Sources said he participated in two calls between Trump and foreign leaders. When talking with Zelensky, Trump even handed Musk his phone so that Musk could discuss the situation with the Ukrainian leader in person. Musk also participated in a call with Turkish President Recep Tayyip Erdogan.

Hedge funds that have been shorting Tesla have lost billions of dollars since Trump won the US election, as Musk's special relationship with the president-elect has hit them. Calculations based on data compiled by S3 Partners found that hedge funds holding short positions in Tesla had book losses of at least $5.2 billion from Election Day to the close of last Friday.

When it became clear that Trump would return to the White House, crypto markets began to rise as expected, reflecting optimism that the Trump administration could bring relief to the industry. It is undeniable that Trump will be more supportive of the crypto industry than current President Biden. However, there is still uncertainty about his level of involvement in promoting the industry and whether relevant laws can be passed amid a busy legislative agenda. All candidates for the positions of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Treasury Department will likely share Trump's favorable views on the industry, but it is unclear how much of a priority this issue will be considered. The Trump administration is likely to prioritize deregulation in most industries. However, the crypto industry may be the only area that bucks this trend, with industry members desperate for regulatory clarity. The priority these regulators give to the crypto industry will determine how long this process will last, but progress in reducing some of the current SEC litigation may be faster. However, it is more likely that these agencies will at least provide some form of favorable regulatory guidance, even if not a specific rule.

The crypto industry has spent about $135 million to support more than 50 candidates in the 2024 U.S. election cycle, including Democrats and Republicans, incumbents and challengers, favorites and longshots. But they all have one thing in common now: victory. In the Nov. 5 election, all 48 candidates backed by the crypto industry’s largest political action committees had declared victory as of noon local time Friday. Of the eight elections still counting votes, candidates backed by the political action committees are leading in all but three.

Donald Trump's victory in the U.S. presidential election could pave the way for more diverse cryptocurrency financial products. Nansen analyst Edward Wilson said the Trump administration is likely to embrace more innovation in the cryptocurrency industry, including the launch of the first ETF backed by Ethereum. Wilson said: "Because the regulatory environment is likely to be favorable to cryptocurrencies, we may even see the first ETF backed by Ethereum approved early in this new administration, which will take full advantage of ETH as an asset. If this happens, then ETH will become an exciting asset to watch."

According to analysts at JPMorgan, both gold and Bitcoin are expected to perform well following Donald Trump's victory in the US presidential election, with a particular emphasis on the concept of the "depreciation trade". The term "depreciation trade" refers to an investment strategy that benefits from a depreciating or weakening currency, typically due to inflation or expansionary fiscal policy. In this trade, investors buy assets such as gold and Bitcoin, which are considered stores of value and retain their value even if the purchasing power of a currency declines.

Asset management company CoinShares said in a research blog on Wednesday that Donald Trump's administration may provide a more positive environment for cryptocurrencies, and one of the most anticipated developments is the possible passage of the Bitcoin Act. "The proposal would establish Bitcoin as a strategic reserve asset, with the U.S. government acquiring 5% of the total supply of Bitcoin," wrote James Butterfill, head of research at CoinShares. "This would give Bitcoin a similar status to gold." The report said that Bitcoin would also gain greater legitimacy after having a recognized position in national reserves.

According to Fox Business, more than 250 candidates who support cryptocurrency were elected to the U.S. Congress (members of Congress) in this (2024 U.S. general election).

The campaign team of Republican presidential candidate Trump, who has previously announced the victory in the 2024 US presidential election, said that Trump has accepted the invitation of the current President Biden and will meet with him in the White House to discuss the transfer of presidential power. The specific date of the meeting has not yet been announced, but a spokesman for the Trump campaign said that the meeting "will take place soon" and that Trump "thanks very much" for Biden's congratulatory call on the 6th.

A certain whale lost $6.76 million by betting on Harris to win the election. He even changed his name to "theRealTaylorSwift". The famous singer Taylor Swift is a Harris supporter.