Trump Wins 2024 Election, Vows to Make U.S. 'Crypto Capital'; Crypto Markets Surge

Nov 8, 2024, 08:44 PM

Donald Trump has won the 2024 U.S. Presidential Election and is pledging to make the United States the "crypto capital of the planet," signaling a significant shift towards pro-cryptocurrency policies that could foster economic growth and innovation in digital finance. Following his victory, the cryptocurrency market surged while gold prices dipped. A Trump family-backed crypto project reportedly made a $1 million gain in Ethereum following a token sale. Additionally, Trump will gain access to the model weights of top artificial intelligence systems, potentially increasing his presidential power. He is also reportedly planning to form a "truth and reconciliation commission" as part of an effort to fight the "deep state." Meanwhile, he is assembling a team of leaders to join his administration in January.