Trump appoints cryptocurrency supporters as chairs of the SEC and CFTC, a move that could help alleviate market sell-off pressures. Although Trump did not mention Bitcoin or cryptocurrencies in his inauguration speech, some investors who quickly sold off cryptocurrencies may reconsider. Agne Linge, head of WeFi Growth, stated that if the SEC can introduce new regulations allowing Web3 innovators to leverage blockchain potential to create new markets, it would bring significant benefits to all stakeholders.

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<p>BlockBeats News, January 22nd, according to The Block, WeFi Growth Lead Agne Linge stated: "Despite Trump not mentioning Bitcoin or cryptocurrency in his inauguration speech, some investors who quickly sold off cryptocurrency may be reconsidering as Mark Uyeda and Caroline Pham, who support cryptocurrency, were appointed as SEC and CFTC chairs. If the SEC is able to issue new rules allowing Web3 innovators to create new markets with blockchain potential, it would be a huge boon for all stakeholders involved."</p>

Trump Appoints Crypto-Friendly SEC and CFTC Chairs, Might Alleviate Market Sell-off