Former President Donald Trump has announced his intention to lobby for interest rate reductions, aligning with recent movements in the cryptocurrency sector. This announcement coincides with Senator Cynthia Lummis's leadership of a committee that focuses on cryptocurrency assets and the strategic development of a Bitcoin reserve.
Meanwhile, the Securities and Exchange Commission (SEC) is actively engaged in developing regulations for digital currencies, which could impact the trajectory of the crypto market. The convergence of these efforts may potentially spark significant shifts within the industry.
