Matrixport Foresees a DeFi Renaissance with Trump’s Return

As Donald Trump assembles a pro-cryptocurrency administration, the United States may be on the brink of a potential revolution in the DeFi sector, according to Matrixport.

#MatrixOnTarget Report? — Nov 29: #Trump’s Advocates: The Three Men
Shaping A New #Financial (Crypto) Era#Matrixport #Crypto #cryptomarket #MarketWatch #CryptoInvestors #BTC #ETF pic.twitter.com/wHqKPWsF89

— Matrixport Official (@Matrixport_EN) November 29, 2024

Potential candidates for the positions of Treasury Secretary, Commerce Secretary, and SEC chair are viewed as officials capable of altering financial policy and closely linking the country with the cryptocurrency sector.

Analysts suggest that the narrative of Bitcoin as “digital gold” may shift to a “DeFi renaissance.” In other words, TradFi will increasingly integrate dapps or blockchain to “enhance the efficiency of payment systems and transactions.”

“While the establishment of clear rules may be anticipated, the ‘digitization’ of the U.S. financial economy could make crypto applications the biggest ‘winners.’ This shift will push other governments to adopt assets, accelerating their global adoption,” the review states.

Analysts highlighted the appeal of the first cryptocurrency in light of macroeconomic uncertainty following U.S. Treasury Secretary candidate Scott Bessent’s call to reduce the budget deficit.

Experts also deemed the creation of a strategic Bitcoin reserve “increasingly likely.” They added that even if active coin purchases are halted, authorities will “retain existing reserves indefinitely.”

Previously, former CFTC chair and “crypto czar” candidate Christopher Giancarlo identified digital assets as a priority for Trump.

As reported in The Block, market interest has shifted from meme coins to DeFi tokens.