The inauguration of Donald Trump as the new President of the United States is fast approaching. The crypto sector in particular is looking forward to his term with high expectations, as Trump repeatedly promised to review crypto regulations during his campaign. However, according to a recent analysis by the New York Digital Investment Group (NYDIG), it could still be a while before concrete changes become visible.
Cautious Expectations
Greg Cipolaro, head of research at NYDIG, warns that direct changes in U.S. crypto policy are unlikely. “The inauguration raises hopes that the new administration’s promises will be kept, but some things take time,” Cipolaro said, pointing to the complexity of appointment processes, official confirmations, and the need to assemble new teams.
He also stresses that other pressing issues such as geopolitical tensions, budget and trade conflicts may be given higher priority than crypto regulation.
Although all of Trump’s appointments are not yet known, his choices for the Treasury Department and the Securities and Exchange Commission (SEC) appear to be positive for the crypto sector. However, key positions at institutions such as the Commodity Futures Trading Commission (CFTC) remain vacant, creating uncertainty.
Strategic Bitcoin Reserve?
One interesting concept currently circulating is the idea of ​​a US strategic bitcoin reserve. This concept could potentially be implemented through an executive order. However, Cipolaro warns that such a measure would only be temporary, as a future president could easily reverse it.
With an estimated $18.3 billion in confiscated cryptocurrencies in government possession, the U.S. could have seed money. However, Cipolaro stresses that this would not create additional demand for Bitcoin, but merely prevent the government from selling it. Nevertheless, a strategic Bitcoin reserve would send a powerful signal to the world.
Prospects for Crypto Policy
Although Trump’s campaign promises raise hopes among crypto enthusiasts, it remains unclear how quickly and to what extent these promises will become reality. “Change doesn’t happen overnight,” Cipolaro concludes. The coming months will be crucial in determining what role crypto will play in the new administration’s policies.
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