Global #crypto industry

The crypto industry witnessed a monumental victory following the U.S. presidential election on November 5, 2024, as Bitcoin surged past $73,000 amid favorable developments for Donald Trump.

As Election Day approaches, digital assets are making waves in U.S. politics, even though Bitcoin won’t be on the ballot. From public exchanges between congressmen and crypto industry leaders to presidential candidates’ promises to create new regulations for the sector, the influence of cryptocurrency is undeniably shaping this election cycle.

In Italy, a proposed increase in the tax on capital gains from Bitcoin and cryptocurrency sales to 42% has sparked widespread discontent among crypto holders, traders, and even some politicians.

As the United States approaches crucial elections for the House of Representatives, Senate, and the Presidency, the crypto industry is increasingly intertwined with political discourse.

Dubai’s Virtual Assets Regulatory Authority (VARA) believes it has achieved an optimal balance in the licensing timeline for crypto-related applicants.

In 2024, the TON ecosystem has emerged as a leading force in the crypto industry, witnessing unprecedented growth in trading volume, total value locked (TVL), and user engagement.