Matrixport: If Trump's nominations to the Treasury Department and the SEC are realized, the crypto market narrative may evolve into a DeFi revival

Matrixport officially released a report stating that US President-elect Trump has nominated three key cabinet ministerial candidates, who will head the US Treasury, Commerce Department and Securities and Exchange Commission (SEC) respectively. These candidates are generally considered to be friendly to cryptocurrencies and are aware of the inevitability of digital assets in the modern financial system. Their nominations are expected to promote the further integration of cryptocurrencies into the US economy. If these nominations become a reality, the 2024 narrative of "Bitcoin as digital gold" may evolve into a revival of decentralized finance (DeFi), and traditional finance will increasingly integrate DeFi applications and blockchain technology to improve payment systems and transaction efficiency. Although clear regulations are expected to be formulated, the digitization of the US financial economy may make cryptocurrency applications the biggest winner of this election. This shift may also force other national and regional governments to accept cryptocurrencies and accelerate their global adoption. Matrixport added that the possibility of establishing a strategic Bitcoin reserve is increasing. But the United States may not actively purchase Bitcoin, but instead retain its existing Bitcoin indefinitely.