Following Donald Trump's election win, significant uncertainty surrounding his crypto promises has shifted as he is set to assume office in January. Promises from Trump include firing SEC Chair Gary Gensler, enhancing crypto regulation in America, and halting government bitcoin sales. Trump's election coincides with a notable shift in Congress, where 257 pro-crypto House candidates have been elected. The Senate also shows a favorable inclination towards crypto. Industry experts, including CoinShares’ James Butterfill, anticipate strategic initiatives such as establishing a US strategic bitcoin reserve. Experts expect Trump to swiftly replace Gensler and form a crypto-focused advisory council. While not every promise may be fulfilled during his administration, achieving specific goals like the bitcoin reserve would be seen as a substantial achievement. The overarching sentiment is that a pro-crypto stance from Trump could significantly benefit the industry, even with limited immediate legislative changes.

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