Editor's PiCK
Trump's Election Victory Causes Uniswap (UNI) and Other DeFi Coins to Surge by 30%... "Expecting Improvement in Virtual Asset Regulations"
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- It was reported that the prices of coins related to DeFi surged by over 30% following Donald Trump's presidential election victory.
- Trump stated that he would make regulatory bodies like the U.S. Securities and Exchange Commission (SEC) more friendly towards virtual assets, raising market expectations.
- Major DeFi coins like UNI, LDO, ENA, AAVE, and MKR rose by over 20%, reflecting expected regulatory changes in the market.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Following Donald Trump's presidential election victory, the prices of coins related to DeFi (decentralized finance) have surged by over 30%%. Trump previously stated that he would make regulatory bodies like the U.S. Securities and Exchange Commission (SEC) more friendly towards virtual assets (cryptocurrencies).
On the 7th, the specialized media outlet Cointelegraph reported, "The Trump administration is expected to strengthen investment attractiveness in DeFi, such as utility tokens, with DeFi-related tokens rising by over 30%%." According to the media, on the 6th, Uniswap (UNI) surged by 35%%, and other coins like Lido (LDO), Aetena (ENA), Aave (AAVE), and MakerDAO (MKR) also rose by up to 20%%.
The media explained, "There is a possibility that Gary Gensler, the SEC chairman, will resign by the end of this month or by January next year," adding, "The market is reflecting expected regulatory changes in prices. Market participants are anticipating a more favorable (regulatory) environment for DeFi projects and tokens."
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