Agency: If Trump wins the election, it may bring dividends to cryptocurrencies, but risks also exist

Odaily News Wealth management firm Mirabaud Group said that if Trump wins the U.S. presidential election on November 5, cryptocurrencies may benefit from possible relaxed regulations, but this also poses risks to consumers. John Plassard said in a report that a potential Trump administration may cancel some of the Biden administration's regulatory crackdowns and launch initiatives such as the National Strategic Bitcoin Reserve to position the United States as a global leader in the crypto space. Trump's relaxed regulatory approach may attract more investment and innovation into the cryptocurrency field. However, it also raises concerns about increased fraud risks and insufficient consumer protection. (Jinshi Data APP)