The cryptocurrency industry is urging President-elect Trump to implement a series of executive orders on his first day in office, aimed at mainstreaming crypto. Key proposals include establishing a national bitcoin stockpile, improving banking access for crypto firms, and forming a crypto council. Trump's administration is expected to reverse the previous regulatory crackdown, with a focus on fostering innovation and American leadership in the crypto space.
Mexican President Claudia Sheinbaum warned that proposed U.S. tariffs could lead to significant job losses in the U.S. and retaliatory measures from Mexico. Economy Minister Marcelo Ebrard emphasized the need for regional cooperation, stating that tariffs would harm both economies, particularly the automotive sector, which heavily relies on cross-border trade. Analysts view the tariff threats as a negotiating tactic rather than a firm trade policy.
Donald Trump celebrated his victory in the 2024 presidential race, highlighting Elon Musk as a key ally in his vision for America. Musk, a prominent supporter of Trump, may take on a significant role in a second administration, potentially leading a commission to enhance government efficiency and optimize taxpayer spending.
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