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Wall Street Goes All In on Great Crypto Comeback Fueled by Trump

It was only three years ago that a dispute between an infamous crypto billionaire and a titan of the financial establishment became the center of attention at an annual event known as the Davos of the derivatives market.



Wall Street is increasing its involvement in cryptocurrency, fueled by Donald Trump's pro-crypto stance, including creating a Bitcoin reserve and appointing a crypto-friendly regulator. This shift contrasts with past skepticism, exemplified by a dispute involving Sam Bankman-Fried. Traditional finance firms are now actively engaging with the crypto industry, with some, like Citadel Securities, expanding their crypto involvement. The blockchain technology behind cryptocurrencies is also seen as key to 24/7 stock trading.

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