Key Points
Shiba Inu (CRYPTO: SHIB) experienced a notable market rally on Wednesday, spurred by a general increase in cryptocurrency values and a new initiative from the White House. President Trump announced that major tech companies should secure energy necessary for data centers without passing costs to consumers, which is seen as a supportive move for the crypto market.
Seven major tech firms, including Alphabet, Microsoft, and Meta Platforms, have signed this pledge. This initiative may hinder legislation targeting crypto mining as it works to alleviate rising consumer energy costs, thereby enhancing the administration’s reputation within the cryptocurrency community.
