**Trump’s Election Spurs Bitcoin Surge to Record High Amid Bold Crypto Promises**

Donald Trump’s ascent to the presidency as the 47th president of the United States has sent ripples through the financial markets, particularly igniting a bull run in the cryptocurrency sector. Following his victory announcement, Bitcoin surged to a new all-time high of $75,385, signaling a remarkable rebound for digital assets. This rise dovetails with Trump’s series of campaign promises aimed at nurturing the growth of the cryptocurrency industry.

With Trump taking office for the 2025-2029 term, he has laid out ten pivotal promises that could significantly impact the future of digital assets in America. One of his pledges includes transforming the United States into the "crypto capital of the world" while retaining all federally-held Bitcoin, including those acquired from financial criminals. Echoing this sentiment at the 2024 Bitcoin Conference in Nashville, Trump underscored the importance of holding onto Bitcoin, aligning with the community’s principle to "never sell your Bitcoin."

In a dramatic move, Trump vowed to remove SEC Chairman Gary Gensler on his first day in office. Gensler, who has led several lawsuits against crypto firms, is seen by many in the industry as an impediment. While Trump lacks direct authority to dismiss the SEC chair, his plans to nominate a new leader indicate his intention to foster a more crypto-friendly regulatory climate.

Trump has also voiced strong opposition to the creation of a central bank digital currency (CBDC) issued by the federal government, pledging to block such initiatives. He argues that a CBDC could lead to scenarios where individuals' bank balances might inexplicably vanish.

To strengthen the crypto sector’s influence in government, Trump proposed establishing a "Bitcoin and Crypto Presidential Advisory Council," suggesting that those who genuinely understand and support the industry should shape its regulatory framework.

Trump has emphasized the necessity for Bitcoin mining to be conducted within the United States to ensure energy independence extends to cryptocurrency mining. After consulting with Bitcoin mining executives, he remarked that previous policies had seemingly favored foreign interests over American innovation.

Additionally, Trump has indicated his intent to lower interest rates—a move likely to stimulate borrowing and investment, historically boosting cryptocurrency prices. He has pledged to use Bitcoin strategically to halve the national debt, currently mounting exponentially at $35 trillion.

Continuing his support for the crypto sector, Trump promised to propose a comprehensive digital asset policy while ceasing the hostilities that have characterized the current administration’s stance against the industry. He is also expected to overturn the conviction of Ross Ulbricht, the founder of the Silk Road online marketplace.

At this writing, Bitcoin’s price has slightly retracted from its record high, trading at $74,416 per coin. The future of cryptocurrency under Trump’s leadership appears promising, with notable market enthusiasm reflecting the impact of his election and ambitious promises.