Donald Trump will be inaugurated on Republic Day of 2025, and his pre election award assured victory has already sent shockwaves throughout the crypto industry. As the election approached, Bitcoin (BTC) started experiencing upward price pressure, and the optimistic trends which started soon after the elections have sustained over the longer term. So, the prospects for the market remain positive overall.
Donald Trump will headline an event which will last 4 years of ‘Make America Great Again’ and the crypto community seems a lot more enthusiastic. His second term is being dubbed as that of the ‘Bitcoin President’, being that there are growing expectations regarding what the industry will turn into.
On day one of assuming office, Trump comes with a robust plan to tackle everything ranging from regulation policies to energy policies. While most of these are never directly spelled out to include tasks centered around cryptocurrency, there are several of them that would dramatically change the facet of the economy.
The removal of Gary Gensler, the head of SEC, has been a movement that is much welcomed by crypto supporters who claim his policies towards all crypto currencies and currencies were antagonistic in nature all. This soothes one upcoming to be able to add that this resignation will precisely happen at the same day with the Donald Trump’s inauguration.
Aiming for the post, Atkins, who has previous connections with SEC, is known to be supportive of crypto issues. He has been advocating for crypto-friendly policies to be in place, since he believes that the lack of such policies caused well publicized collapses such as FTX to happen. If his appointment is confirmed, it may hint a more approachable stance from the SEC in considering digital assets.
Finally, Trump is highly likely to cause a shift in the hard line that the SEC has — one that so strongly opposes crypto.
The rising legal disputes involving Ripple and Coinbase could change and this would offer better regulatory arbitrage for digital currencies, which would be a great step for the crypto world considering Gensler’s strong regulatory policies.
Another important aspect is energy policy. Trump pledged to drill more gas and oil which could help the US gain an advantage in the Bitcoin market.
The operations of Bitcoin miners consume a vast amount of energy, and incentives to strengthen domestic mining could greatly help. Trump’s stance on energy reforms could have strategic implications for Bitcoin as a reserve asset.
The first 100 days of the Trump administration in early 2025 promises to be a period during which various steps will be taken to repealin some of the new regulations instituted in the previous era of American government and policies that are in support of deregulation.
There are also potential enhancing policies aimed at the crypto portfolio such as Bitcoin mining, which Trump continues to endorse as a credible component of America’s energy portfolio. His plans envision the United States standing out as an eminent in Bitcoin mining so that it does not lag behind China or Russia.
An ambitious proposal is the establishment of a Strategic Bitcoin Reserve which could shield against inflation while firmly establishing the US dominance over all bitcoin transactions. This proposal would allow the US to buy an additional 200,000 bitcoins over the next years.
Trump’s acts of appointing pro-crypto leaders to vital offices may potentially change how regulations are dealt with. In the hands of recently appointed leadership, the CFTC could serve as an authority over the crypto space if cryptocurrencies are not designated as securities.
If the U.S. administration continues to appoint leaders such as French Hill, who is vocal about fostering pro-crypto regulations, the U.S. will establish itself further as a top jurisdiction for crypto.
When Trump begins his second term, the crypto Industry is looking into a lot of changes and improvements. Set of appointments along with policies will help America lead the global market by 2025 which would change the industry of digital assets as we know it.
