Recent political appointments in the United States are generating excitement in the cryptocurrency sector reminiscent of the fervor around the space race, according to Ari Redbord, head of legal and government affairs at TRM Labs. Speaking on CNBC’s Squawk Box, Redbord highlighted the alignment of the current US administration with the burgeoning digital asset industry. He pointed out key pro-crypto appointments such as Scott Bessent as Treasury Secretary, Paul Atkins as SEC Chair, and David Sacks as the White House’s so-called “crypto czar.” This shift in leadership suggests a robust policy support for digital assets, innovation, and artificial intelligence across the government.
Redbord emphasized that this is not just about Bitcoin but encompasses a broader spectrum of financial technologies. He noted increased adoption of stablecoins by fintech companies like Stripe and Cash App for large-scale payments, reflecting a shift from Bitcoin’s traditional role as a store of value to a tool for cross-border transactions and retail purchases. While refraining from predicting Bitcoin’s exact future price, Redbord was optimistic about its growth, driven by potential strategic Bitcoin reserves in the US and globally. Many analysts agree with this optimistic outlook, signaling the start of a price discovery phase for Bitcoin, according to crypto trader Daan Crypto Trades.
