Trump’s inauguration nears, but crypto promises could ‘take some time’
Donald Trump’s inauguration is just a week away, but key crypto legislation may take longer to implement, according to NYDIG. Greg Cipolaro, NYDIG's global head of research, stated that while Trump has promised changes to crypto regulations, immediate policy shifts are unlikely. Important officials still need to be appointed and confirmed before the administration can fully implement its plans. Bills like FIT21 and stablecoin legislation may be delayed as the newly invigorated conservative legislature could be less willing to compromise than under the previous liberal Senate. Furthermore, pressing issues such as geopolitical conflicts and budget concerns might take priority over crypto initiatives. Although Trump's initial appointments for key financial positions appear favorable for the crypto sector, his selections for other crucial roles remain unannounced. There is potential for a strategic Bitcoin reserve via an Executive Order, which has been discussed within advocacy circles, though such orders could easily be reversed by future administrations.
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