Beneath the cryptocurrency market’s optimism that arose from Donald Trump’s re-election and the associated bull run, there is no shortage of confusion about what his re-election will mean for the industry and the economy more broadly.
While there is little doubt that the incoming administration is vocally far more favorable to digital assets than the outgoing one, the exact policy – and the exact effects of the hypothetical policies – remain uncertain.
In this climate, the fate of the Federal Reserve’s FedNow system, a potential U.S. central bank digital currency (CBDC), and Ripple Labs has again come to the forefront.
What will happen to Fed and Ripple under Trump
Something of a double narrative has emerged in November. On the one hand, Donald Trump pledged to prevent the creation of an American digital currency, seemingly adopting the view held among some Republicans that such a development would be part of an enhanced financial surveillance system.
Simultaneou
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