VanEck’s Alessandro Valentino believes that the “Crypto President” Trump is setting a precendent for other countries.

Donald Trump’s administration has opened the doors for crypto businesses to expand into tradFi. Now, other countries are following by example. In an interview with crypto.news, Alessandro Valentino, a product manager for investment management firm VanEck, shared his view of European investors and regulators view crypto.

Interest in digital assets in Europe is growing. On August 27, VanEck revealed that its Europe-based diversified crypto ETF surpassed $500 million in AUM. Valentino stressed that VanEck was one of the first firms to offer crypto ETFs in the European Union, seeing that regulation is changing in a favorable direction.

“In Europe, with the DLT pilot regime, there has been significant progress. It essentially enables companies to create a sandbox environment where they can experiment with distributed ledger technologies,” Alessandro Valentino, VanEck.

Trump’s administration is leading the way

Much of this recent progress in Europe was inspired by regulatory changes in the U.S. According to VanEck’s Alessandro Valentino, Donald Trump’s administration continues to remove major obstacles for the crypto industry.

“Trump brought a lot more clarity, especially from a regulatory standpoint. I mean, he fired Gary Gensler, who was, for years, clearly against the creations of any crypto ETF whatsoever,” said Alessandro Valentino, VanEck. “He also went against de-banking, which many crypto companies had issues with.”

Go to Source to See Full Article
Author: David Marsanic

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details