President Trump promised to never let the crypto industry down, claiming he saved it from former SEC chair Gary Gensler's supposed wrecking. He pledged to pursue a future-proof market structure for digital assets. Despite his statement, the crypto market declined over the next 24 hours. Trump's influence over executive agencies could impact regulatory decisions. The Clarity Act, advancing through Congress, may settle regulatory questions and problems for the crypto sector.
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Bitcoin drops below $60,000, despite Trumps embrace
Summary by ByteBrief