ZeroX surges by up to 40% on President Trump's ”Crypto Tsar” announcement

According to News 1, US President-elect Donald Trump has appointed David Sachs, an advisor to the cryptocurrency ZeroX (ZRX) project, as his chief executive officer in the cryptocurrency industry.
With the appointment of "Crypto Czar," ZeroX is showing a sharp rise. On the 6th, ZeroX rose 26.5% compared to the same time the previous day at 2:30 pm based on Bithumb.
The price of 0.01% rose by as much as 40% on the day, and is currently undergoing a partial price adjustment.
This upward trend of 0X was confirmed on the 5th (local time) when Donald Trump announced that 0X Pro
The event began with the news that David Sachs, a known advisor to Jet, had been appointed "Crypto Czar."
ZeroX is essentially a decentralized exchange (DEX) platform for peer-to-peer (P2P) transactions.
If David Sachs is in charge of the US cryptocurrency industry in the future, we can expect the growth of decentralized exchange platforms such as ZeroX.
It is believed that such growth expectations influenced the sharp rise in ZERO-X. The "Crypto Czar" is a fictitious name for Donald Trump, who has maintained a friendly attitude towards the virtual currency industry.
The role of Crypto Czar was created to develop the cryptocurrency industry. According to WatchaGuru, David Sachs, who was appointed as the Crypto Czar, said on the same day,
"We will work to prepare a legal framework to ensure the regulatory clarity that the currency industry has been calling for," he said. According to Jungle, ZeroX's market capitalization is 1 trillion won (about 10
The total supply is 1 billion, and 848.39 million, or 84.83% of the total supply, are currently in circulation and being traded in the market.
Meanwhile, David Sachs is an American entrepreneur and former member of the Republic of South Africa.
He is also known as the co-founder of the online retailer PayPal.