COIN - 'Crypto President' Trump's 'Less Hard' Regulation To Bless Coinbase's Bitcoin Leverage Says Expert | Benzinga
Chris Senyek, Chief Investment Strategist at Wolfe Research, recently expressed his views on the potential impact of a Donald Trump win in the 2024 elections on the cryptocurrency market.
What Happened: Senyek suggested that a Trump presidency could ease crypto regulations, benefiting companies like Coinbase Global Inc. (NASDAQ:COIN) due to their significant Bitcoin (CRYPTO: BTC) leverage.
“Trump would be less hard on crypto regulation, and Coinbase would be a big beneficiary of that given their leverage to bitcoin,” Senyek said during CNBC’s “Last Call” on Tuesday.
"Trump would be less hard on crypto regulation, and Coinbase would be ...