Trump Could Propel DeFi and BTC Staking Into the Mainstream

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Table of Content

In today edition we talk about

• Trump Administration Could Propel DeFi and BTC Staking Into the Mainstream

• Chainlink Launches Framework to Connect Traditional Finance with Blockchain

• CFTC Clears Path for Spot Bitcoin ETF Options, Analysts Anticipate Imminent Launch

Trump Administration Could Propel DeFi and BTC Staking Into the Mainstream

The possibility of Donald Trump returning to the presidency in 2025 has sparked speculation about significant shifts in the cryptocurrency landscape, with the potential to take decentralized finance (DeFi) and Bitcoin (BTC) staking to mainstream adoption.

DeFi Poised for Mainstream Adoption Under Trump Policies
Marcin Kaźmierczak, co-founder of RedStone, told Cointelegraph that a pro-crypto Trump administration could revolutionize DeFi:
“Policies under Trump could push DeFi from niche to mainstream, driving innovation and attracting substantial investment,” he said. Kaźmierczak also highlighted how BTC price surges often boost DeFi activity, creating opportunities for the broader crypto ecosystem.

Bitcoin Staking as the New Investment Standard
As Bitcoin edges toward the $100,000 milestone, Kaźmierczak predicts staking could become as widespread as stock dividends. This shift could attract retail and institutional investors alike, enhancing Bitcoin’s appeal as both a store of value and a source of passive income. However, BTC’s notorious price volatility remains a challenge for conservative investors.

Challenges in Trump’s Crypto Projects
Despite the potential for policy shifts, Trump’s recent World Liberty Financial (WLFI) token launch faced criticism due to a complex buying process and technical issues, resulting in underwhelming sales. Critics have labeled the project as poorly executed.

While challenges remain, the combination of pro-crypto policies and the evolution of BTC staking could redefine the digital finance landscape under a Trump presidency.

Chainlink Launches Framework to Connect Traditional Finance with Blockchain

Oracle provider Chainlink has unveiled the Chainlink Runtime Environment, a unified framework designed to bridge traditional financial systems, payment networks, and blockchain technology under one ecosystem.

Integrating Legacy Systems with Blockchain Protocols
The new runtime framework builds on the foundations of COBOL, a language central to electronic banking and ATM transactions, and replaces the Java Runtime Environment (JRE), which revolutionized online banking. Chainlink’s architecture aims to simplify the integration of diverse financial systems, enhancing user efficiency.

Advancing Traditional Finance Onchain
This initiative aligns with Chainlink’s broader efforts to bring traditional finance onchain. At the SWIFT International Banking Operations Seminar in October 2024, Chainlink announced an integration with SWIFT, enabling financial institutions to communicate with blockchain networks via SWIFT messages.

Focusing on Privacy and Security
Chainlink has introduced privacy-enhancing tools such as the Blockchain Privacy Manager and the CCIP Private Transactions to address enterprise concerns about public blockchain transparency exposing sensitive data.

Testing Tokenized Settlements with Major Institutions
In November 2024, Chainlink completed a pilot with SWIFT and UBS to test tokenized fund settlements, offering legacy systems a pathway to engage with blockchain without using cryptocurrencies.

With these innovations, Chainlink continues to position itself as a critical bridge between the traditional financial world and the emerging blockchain ecosystem.

CFTC Clears Path for Spot Bitcoin ETF Options, Analysts Anticipate Imminent Launch

The U.S. Commodity Futures Trading Commission (CFTC) has taken a crucial step toward introducing spot Bitcoin ETF options, signaling that the products could be listed soon.

CFTC Steps Back, OCC Takes the Lead
In a Nov. 16 statement, the CFTC’s Division of Clearing and Risk confirmed it has no further role in the clearing of these options, leaving the process in the hands of the Options Clearing Corporation (OCC). ETF analyst Eric Balchunas noted that the OCC is now responsible for the next move, suggesting a listing may happen "very soon."

Impact on Bitcoin Price and Market
Crypto executives and analysts are optimistic about the potential impact on Bitcoin’s price. Derive founder Nick Forster drew parallels to SoftBank’s influence on the Nasdaq during 2020-2021, speculating that a similar strategy with Bitcoin’s fixed supply could have a dramatic effect.

Final Approvals Expected in the Coming Months
With SEC approval secured in October and CFTC clearance now obtained, the focus shifts to the OCC’s decision. Bitwise’s Jeff Park anticipates swift action, although he remains cautious about the timeline, suggesting early 2024 as a realistic estimate for the launch.

As the final steps unfold, market participants are closely watching for the debut of these long-awaited Bitcoin ETF options.

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