Market observers predict that a second Trump administration will positively impact the crypto sector in the US and globally, potentially leading to significant legislation regarding digital assets. With Republicans likely in control of Congress, Trump is expected to appoint a crypto-friendly SEC chair, moving away from the regulatory strictness of current chair Gary Gensler. Experts suggest that over the next few years, the crypto industry may see growth in ETFs and derivatives, alongside a decrease in lawsuits against it. However, concerns remain about whether the administration will implement standards that genuinely foster innovation or merely inflate token prices at the expense of retail investors. Additionally, the defeat of crypto-skeptic Senator Sherrod Brown may pave the way for favorable market structure regulation. Despite positive forecasts, there are worries that the administration may overlook protecting small investors, leading to significant risks while attempting to position America as the leading crypto nation against competitors like China.

Source 🔗