This kind of news was very positive at the time and played an important role in driving cryptocurrency prices to their peak.

When Trump was elected president, various overwhelming messages came flooding in, the entire market experienced FOMO and excitement, but soon after, the price reached its high point.

Trading is all about speculation and conspiracies; now that he has been elected chairman of the SEC, the retail investors in the market have become numb, but most of their funds have already been lost.