PDAXScope: Trump reelection, USDG preps, US $BTC reserve

What Trump's Election Win Could Mean For Bitcoin and Crypto (Investopedia)

Investopedia declares that “the cryptocurrency industry expects better days ahead,” with optimism for the market regarding Donald Trump’s reelection. Trump retains visible support for crypto in his policies, and the upcoming development of a $BTC strategic stockpile could sustain the current market upswing over time.

Senator Lummis: U.S. is ‘going to build’ a strategic BTC reserve (crypto.news)

According to crypto.news, US Senator Cynthia Lummis recently reiterated her original proposal from July this year regarding the government shoring up its own $BTC stockpile. The strategic reserve could be used to help address the country’s debt issues, and would name the US as the first global power to declare Bitcoin as a “national reserve asset.”

‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest (CoinDesk)

While Solana may carry a reputation for being a go-to platform for memecoins, its ease of use and affordability could appeal to institutional adopters hobbled by Ethereum’s constraints. CoinDesk discusses this and more with Hadley Stern of Solana-based Marinade Finance.

Crypto firms including Robinhood, Kraken launch global stablecoin network (Reuters)

The Global Dollar Network, built by a consortium that includes Robinhood, Kraken, and Galaxy Digital is set to issue the new USDG stablecoin out of Singapore via Paxos. Reuters quotes Paxos CEO Charles Cascarilla: “[The network] is designed to incentivize global stablecoin usage and accelerate societal wide adoption of this technology." 

Crypto’s Next Challenge Is Balancing TradFi Adoption Versus Regulatory Changes (Forbes)

As crypto awareness and acceptance continues to expand into the traditional finance sphere, Forbes notes that legislation and regulatory concerns in the US and potentially around the world could pose fresh challenges for the market. The flexibility and decentralization of crypto could be curtailed as it attempts to reconcile itself with centralized, traditional institutions.

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