In a surprising turn, former President Donald Trump shifted his stance on cryptocurrencies, moving from caution to support, especially for Bitcoin. This shift could significantly impact digital currency regulations in the US, potentially influencing Federal Reserve policies. Trump’s administration made a U-turn on crypto regulations, establishing a framework for digital assets and considering a Bitcoin strategic reserve. This change resonated with investors, particularly Gen Z, who are driving demand for crypto payroll options. However, Trump’s influence on the Fed raises concerns about central bank independence and regulatory uncertainties.
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