Ki Young Ju, CEO of CryptoQuant, has expressed concerns about the potential use of cryptocurrencies as a tool for political influence by the United States. He emphasized that this trend could have a negative impact on the entire industry. In a tweet, the executive noted that the cryptocurrency sector is increasingly aligning with the interests of the U.S. and the administration of President Donald Trump.
Ki Young Ju stated that following Trump's election, the regulatory approach has shifted: anything that aligns with the interests of the U.S. and the presidential administration is now considered acceptable. In his opinion, this has led to a lack of clear rules, making the market vulnerable to unscrupulous participants.
Furthermore, Ki Young Ju expressed concerns that Bitcoin and Ethereum could face significant risks in the U.S., as these cryptocurrencies were originally designed to be neutral and globally oriented.
These statements are based on Trump's recent posts on Truth Social, where he announced the creation of a strategic cryptocurrency reserve. Initially, Trump stated that XRP, SOL, and ADA would be included in the reserve. However, he later added that BTC and ETH would also be key assets, expressing his fondness for these cryptocurrencies.
Meanwhile, Bitcoin, which surged to 94,000followingthereserveannouncement,haslostover885,000 mark. This pullback has completely erased the gains triggered by the reserve news. Other cryptocurrencies have also experienced significant declines: ETH dropped by 15%, XRP by 16%, ADA by 16%, and SOL by 17%.
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