Trump’s Election Odds Rise, Crypto-Friendly Figures Could Lead The US Financial Regulatory Bodies

Donald Trump’s odds to win the upcoming presidential election surged rapidly and now top media sources claim that the steering to regulate the American securities regulatory body will be in the hand of the crypto friendly people.

Today, the odds for Donald Trump lead in prediction markets for the upcoming U.S. presidential elections, his odds of winning have risen to 53.6%, edging out Democratic opponent Kamala Harris, whose chances dropped to 45%.8 The slight increase in Trump’s odds suggests growing confidence in his potential victory.

If Trump wins, the U.S. financial regulatory landscape could see major changes. As per a report by Politico, Robinhood Chief Legal Officer Dan Gallagher, a known Bitcoin & crypto leader, is being considered for the role of SEC Chairman. Other candidates include Chris Giancarlo, former Chairman of the CFTC, Robert Stebbins, and current SEC Commissioner Hester Peirce, all of whom have shown crypto-friendly stances.This shift could bring a more favorable regulatory environment for cryptocurrencies under a Trump administration, reshaping U.S. financial oversight.

Bitcoin price action Under the current situation, everything is looking positive for the crypto space and it is expected that soon the Bitcoin & Crypto market is going to hit new all time high. The current trade price of Bitcoin (BTC) is $63,761 & this price is 16% high over the last 24 hours period.

As per the analysis shared by the top Bitcoin analyst, Bitcoin’s price could soon see a big rise, similar to last year. He points out that a “golden cross” is forming, which in the past triggered a 145% rally. This suggests that Bitcoin’s price might increase significantly from its current level.

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