Stablecoin and market structure bills may now both see faster progress, the report said.
The latest price moves in crypto markets in context for Nov. 6, 2024.
MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.
One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where teams encouraged developers to clone their code to spin up new layer 2s. Now, one project in particular, Optimism, appears to be pulling away as the clear leader.
Trump's return to the White House has powered DOGE higher by 15%.
Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.
“There is going to be a media frenzy about Elon and how his aggressively backing Trump and the 'Department of Government Efficiency' narrative could have been a deciding factor for a Trump win,” one trader said.
Buoyed by donations and votes from a digital asset industry he aggressively courted, Trump won a second term to the White House in his third bid for the U.S.'s highest office.
An incoming crypto-friendly Trump administration could make allowing crypto ETFs in the U.S. easier, traders say, boosting SOL’s prices.
As Donald Trump's path toward the White House became clearer, the industry had already scored huge, getting many new allies in Congress and a serious Senate hurdle removed.