{"id":19048,"date":"2024-11-29T15:39:48","date_gmt":"2024-11-29T13:39:48","guid":{"rendered":"https:\/\/forklog.com\/en\/matrixport-foresees-a-defi-renaissance-with-trumps-return\/"},"modified":"2024-11-29T15:39:48","modified_gmt":"2024-11-29T13:39:48","slug":"matrixport-foresees-a-defi-renaissance-with-trumps-return","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/matrixport-foresees-a-defi-renaissance-with-trumps-return\/","title":{"rendered":"Matrixport Foresees a DeFi Renaissance with Trump&#8217;s Return"},"content":{"rendered":"<p>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.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/MatrixOnTarget?src=hash&#038;ref_src=twsrc%5Etfw\">#MatrixOnTarget<\/a> Report? \u2014 Nov 29: <a href=\"https:\/\/twitter.com\/hashtag\/Trump?src=hash&#038;ref_src=twsrc%5Etfw\">#Trump<\/a>\u2019s Advocates: The Three Men<br \/>Shaping A New <a href=\"https:\/\/twitter.com\/hashtag\/Financial?src=hash&#038;ref_src=twsrc%5Etfw\">#Financial<\/a> (Crypto) Era<a href=\"https:\/\/twitter.com\/hashtag\/Matrixport?src=hash&#038;ref_src=twsrc%5Etfw\">#Matrixport<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptomarket?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptomarket<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MarketWatch?src=hash&#038;ref_src=twsrc%5Etfw\">#MarketWatch<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CryptoInvestors?src=hash&#038;ref_src=twsrc%5Etfw\">#CryptoInvestors<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETF?src=hash&#038;ref_src=twsrc%5Etfw\">#ETF<\/a> <a href=\"https:\/\/t.co\/wHqKPWsF89\">pic.twitter.com\/wHqKPWsF89<\/a><\/p>\n<p>\u2014 Matrixport Official (@Matrixport_EN) <a href=\"https:\/\/twitter.com\/Matrixport_EN\/status\/1862414518875242541?ref_src=twsrc%5Etfw\">November 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Potential candidates for the positions of Treasury Secretary, Commerce Secretary, and <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> chair are viewed as officials capable of altering financial policy and closely linking the country with the cryptocurrency sector.<\/p>\n<p>Analysts suggest that the narrative of Bitcoin as &#8220;digital gold&#8221; may shift to a &#8220;DeFi renaissance.&#8221; In other words, <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span> will increasingly integrate <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapps<\/span> or blockchain to &#8220;enhance the efficiency of payment systems and transactions.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWhile the establishment of clear rules may be anticipated, the &#8216;digitization&#8217; of the U.S. financial economy could make crypto applications the biggest &#8216;winners.&#8217; This shift will push other governments to adopt assets, accelerating their global adoption,\u201d<\/em> the review states.<\/p>\n<\/blockquote>\n<p>Analysts highlighted the appeal of the first cryptocurrency in light of macroeconomic uncertainty following U.S. Treasury Secretary candidate Scott Bessent&#8217;s call to reduce the budget deficit.<\/p>\n<p>Experts also deemed the creation of a strategic Bitcoin reserve &#8220;increasingly likely.&#8221; They added that even if active coin purchases are halted, authorities will &#8220;retain existing reserves indefinitely.&#8221;<\/p>\n<p>Previously, former <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span> chair and &#8220;crypto czar&#8221; candidate Christopher Giancarlo identified digital assets as a priority for Trump.<\/p>\n<p>As reported in The Block, market interest has shifted from meme coins to DeFi tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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? \u2014 Nov 29: #Trump\u2019s Advocates: The Three MenShaping A New #Financial (Crypto) Era#Matrixport #Crypto #cryptomarket #MarketWatch #CryptoInvestors #BTC #ETF pic.twitter.com\/wHqKPWsF89 \u2014 Matrixport Official (@Matrixport_EN) November 29, 2024 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,991,989,36],"class_list":["post-19048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-donald-trump","tag-matrixport","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19048"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19047"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}