Official U.S. government announcements or credible news outlets

Trump's Investment in Ethereum Signals New Era for Crypto

Dec 1, 2024, 06:29 PM

President-elect Donald Trump, who has won the 2024 US Presidential Election, is reportedly investing in Ethereum (ETH), marking a significant shift in policy towards cryptocurrencies. According to various sources, Trump has been actively buying ETH through TWAP on CowSwap and is building on Ethereum DeFi. His administration is expected to foster a more favorable environment for digital assets, with reports suggesting discussions about appointing a White House 'Crypto Czar'. This change in stance comes after a period of regulatory scrutiny on cryptocurrencies, with the Wall Street Journal reporting that 'The U.S. War Against Crypto Is Over' under Trump's leadership. The move is seen as a signal of a new era for crypto, potentially reducing government hurdles and litigation against the industry.