The cryptocurrency landscape is undergoing a seismic shift after Trump’s electoral victory and Gary Gensler's resignation. Bitcoin has soared over 45% this month, nearing $100,000, driven by anticipation of a crypto-friendly administration. President-elect Trump’s proposed initiatives—including a crypto advisory council, a potential national Bitcoin reserve, and the rumored appointment of Coinbase CEO Brian Armstrong as a White House crypto “Tsar”—have electrified markets. Major exchanges like Coinbase and Kraken vie for influence, while Ripple and Circle position themselves to shape policies. This contrasts sharply with Biden’s enforcement-driven approach, signaling a potential regulatory reset and pivotal moment for cryptocurrency adoption.

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In parallel, the CFTC's Global Markets Advisory Committee unanimously recommended tokenized assets as collateral for derivatives margin without regulatory changes. These assets, transferable 24/7, promise to improve collateral mobility, reduce counterparty risks, and lower costs, showcasing tokenization’s transformative potential in financial markets.

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