Some crypto companies may face difficulties if Trump wins

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Republican presidential candidate and former U.S. President Donald Trump gestures at a campaign event ahead of the Republican presidential primary election in North Charleston, South Carolina, U.S. February 14, 2024. REUTERS/Sam Wolfe

Experts have increased the likelihood of Donald Trump winning the upcoming elections. Many representatives of the crypto industry have expressed their support for his candidacy, hoping for a softer stance from the authorities towards the sector under a new president, Bloomberg reports.

Journalists also note the optimism of digital asset market participants. In their opinion, bitcoin miners, crypto exchanges, and other industry representatives can expect a more favorable attitude from the government if Trump wins.

However, if Trump becomes the President of the United States, this could not only support the crypto industry but also create difficulties for foreign companies such as Binance, OKX, and Deribit.

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