Trump Pushes for New Cryptocurrency Policies! Will the Crypto Market Reach New All-Time Highs in 2025?
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TradingKey - Trump 2.0 has begun implementing proactive new policies for cryptocurrencies, and the CEO of Binance believes this move will drive the crypto market to new heights in 2025.
On Tuesday, January 21, the U.S. SEC announced the establishment of a dedicated cryptocurrency task force responsible for developing a comprehensive and clear regulatory framework for crypto assets. Additionally, President Trump granted clemency to Silk Road founder Ross Ulbricht, significantly boosting market confidence, with Bitcoin surging over 4% to reach $105,580.
Bitcoin Price Chart, Source: CoinMarketCap.
Meanwhile, the total market capitalization of cryptocurrencies rebounded to $3.61 trillion, gradually approaching the high of $3.72 trillion set on December 17, 2024. However, can the market break through this level and set a new record this year?
Cryptocurrency Market Cap Changes, Source: CoinMarketCap.
In an interview with CNBC, Binance CEO Richard Teng stated that due to the proactive regulatory measures taken by President Trump, the cryptocurrency market is set to reach historical highs in 2025.
According to Teng, the U.S. will see clearer regulations, along with new legislation in areas such as token issuance, trading, and asset management. He emphasized that Trump is not the only key political figure in the U.S. supporting cryptocurrencies, noting that both the House and Senate are more supportive of crypto compared to the past.
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