Matthew Siegel, head of research in the cryptocurrency unit of the giant American investment company VanEck, believes that the possible election victory of Republican Donald Trump, who is running for the US presidency again, will be much more beneficial for the cryptocurrency industry than expected.


Matthew Siegel believes that the current White House administration, led by current U.S. President Joe Biden, is hindering the development of the crypto market.
Officials in the Biden administration are creating barriers for financial institutions trying to become part of the Web3 market and do not want banks to provide cryptocurrency services.
In his recent statements, Matthew Siegel said that he believes that the outcome of the upcoming presidential election in the United States will have a major impact on the crypto industry
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