TechFlow news, January 7 — Ari Redbord, Head of Legal and Government Affairs at TRM Labs, said that during President-elect Trump's term, America's enthusiasm for cryptocurrency resembles a "space race."
In an interview with CNBC's Squawk Box, Redbord stated, "Personnel are policy," emphasizing that all cabinet members nominated by Trump so far support cryptocurrencies—such as Paul Atkins, appointed as the new Chair of the U.S. SEC, and David Sacks, named the "crypto tsar." He added, "This enthusiasm, I think, sets a pace—it's almost like a space race, where the United States is now able to catch up with, and even surpass, the rest of the world."
As Bitcoin once again broke the $100,000 mark on January 6, Redbord said positive policy shifts—such as establishing a strategic BTC reserve in the U.S.—would drive value creation for the asset. He also expressed excitement about the broad adoption of blockchain technology in the United States, citing examples like fintech companies such as Stripe using stablecoins for payments. While investors view Bitcoin primarily as a holistic store of value, Redbord noted that expanding blockchain applications in financial transactions would fuel growth across the crypto industry. Although he did not provide a specific price target for Bitcoin, Redbord said it would "rise significantly" driven by the establishment of a strategic Bitcoin reserve in the U.S.
