TRM Labs Executive: The US enthusiasm for cryptocurrency during Trump's administration was similar to the "Space Race"

ChainCatcher news, Ari Redbord, Head of Legal and Government Affairs at TRM Labs, said that during President Trump's term, the United States' enthusiasm for cryptocurrency was similar to the space race.

In an interview with CNBC's Squawk Box, Redbord mentioned "people are policy," emphasizing that all cabinet members nominated by Trump so far support cryptocurrency. For example, Paul Atkins was appointed as the new chairman of the U.S. SEC and David Sacks was appointed as "Crypto Czar."

He added: "This enthusiasm is a rhythm almost like a space race. The United States can now keep up with or even surpass other countries/regions in the world."

With Bitcoin breaking through $100,000 again on January 6th, Redbord stated that positive policy changes such as establishing strategic BTC reserves in the US will promote value creation for this asset.

He also expressed excitement about widespread use of blockchain technology in America and cited examples of fintech companies like Stripe using stablecoins for payments. Although investors see Bitcoin as a comprehensive store of value method, Redbord said that expanding applications of blockchain in financial transactions will boost growth in crypto industry.

Redbord did not share specific price targets for Bitcoin but he indicated that under push to establish strategic bitcoin reserves in America , Bitcoin would “significantly increase.”