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FameEX Morning Crypto News Recap | January 20, 2025

2025-01-20 17:49:35

A New Era of Cryptocurrency Innovation Begins in the United States

On January 18, David Sacks, appointed by Trump as White House AI and cryptocurrency director, declared that the "reign of terror" against cryptocurrency is over, marking the beginning of a new era of cryptocurrency innovation in the United States.


Trump Launches Virtual Currency TRUMP, Boosting Net Worth by 400% to $28 Billion

The topic of Trump launching his virtual currency "TRUMP" ranked second on Douyin, drawing significant attention. Additionally, "Trump's net worth soared 400% overnight" became a trending search on Weibo. This surge was attributed to the launch of "TRUMP," which increased his net worth to $28 billion, a 400% rise.


Trump's Coin Launch Signals a Shift Towards More Crypto-Friendly Regulations

President-elect Trump is set to sign executive orders supporting the crypto industry, including establishing a Bitcoin reserve and ending "de-banking" policies. He plans to nominate pro-crypto officials for key positions and has met with crypto project founders, signaling openness to advancing cryptocurrency initiatives.


Bitcoin Has Experienced Only Three Losing Years in Its History

Bitcoin has only experienced three losing years in its history, highlighting its relative stability compared to other investment assets, according to a recent report.


Altcoins Could See Greater Growth Potential if Trump Returns to the White House

Some industry experts believe altcoins could experience greater growth than Bitcoin if Trump returns to the White House. While Bitcoin has regulatory certainty, altcoins lack this, and may benefit more from a favorable digital asset regulatory environment under Trump’s leadership.


Italian Lawmaker Proposes Bank Foundations Invest in Bitcoin

Italian lawmaker Marcello Coppo suggested that banking foundations invest a small portion of their income in Bitcoin to achieve significant returns. Bank Foundations, typically established to support social, cultural, and charitable causes.


Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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