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.
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
* References, analysis, and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgement of the analyst, without considering the investment objectives and financial situation of the investors.
Risk Warning: Trading may result in the loss of your entire capital. Trading OTC derivatives may not be suitable for everyone. Please consider our legal disclosure documents before using our services and ensure that you understand the risks involved. You do not own or have any interest in the underlying assets.
Mitrade does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. All of our products are over-the-counter derivatives over global underlying assets. Mitrade provides execution only service, acting as principal at all times.
Mitrade is a brand jointly used by multiple companies and it operates through the following companies:
Mitrade International Ltd is the issuer of the financial products that are described or available on this website. Mitrade International Ltd is authorised and regulated by Mauritius Financial Services Commission (FSC) and the licence number is GB20025791. The registered office address is 6 St Denis Street, 1st Floor River Court, Port Louis 11328, Mauritius.
Mitrade Global Pty Ltd with ABN 90 149 011 361 holds an Australian Financial Services Licence (AFSL 398528).
Mitrade Holding is authorised and regulated by Cayman Islands Monetary Authority (CIMA) and the SIB licence number is 1612446.
The information on this site is not intended for residents of the United States, Canada, Japan, New Zealand or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Please note that English is the main language used in our services and is also the legally effective language in all of our terms and agreements. Versions in other langauges are only for reference. In the event of any discrepancy between the English version and the other versions, the English version shall prevail.
Secured by SSL. © Mitrade Copyright, All rights reserved.