Donald Trump

World

<p>President-elect Donald Trump has bold plans to transform the U.S. into the “crypto capital of the planet,” and he’s not holding back. By pledging to overhaul regulations and bring crypto-friendly leaders into top positions, Trump is setting the stage for a major shift in how digital assets are managed in America.</p>   
<p>This approach could make the U.S. a prime destination for crypto innovation and investment. </p>   
<p>But with big changes come big questions: could these pro-crypto policies spark the next boom, or will they bring unexpected risks?</p>   
<h2 class="wp-block-heading" id="h-pro-crypto-leaders-in-charge">Pro-Crypto Leaders in Charge</h2>   
<p>One of Trump’s first moves? Appointing leaders who understand and support crypto. This means a potential overhaul at the SEC and CFTC, agencies that have often clashed with the crypto world. Likely candidates include SEC Commissioner Hester Peirce, nicknamed “Crypto Mom” for her support of digital assets, and <a href="https://coinpedia.org/news/is-dan-gallagher-the-future-sec-chair/" target="_blank" rel="noreferrer noopener">Robinhood’s Dan Gallagher</a>, another crypto advocate. </p>   
<p>Their leadership could turn previous regulatory hurdles into growth opportunities, signaling a fresh attitude toward crypto in Washington.</p>   
<h2 class="wp-block-heading" id="h-gensler-s-time-is-up-at-the-sec">Gensler's Time Is Up At the SEC! </h2>   
<p>Gary Gensler, the SEC Chair famous (or infamous, depending on who you ask) for his tough approach to crypto, is expected to step down soon. </p>   
<p>Trump’s administration may choose Gallagher as his replacement, sparking optimism among crypto advocates for a friendlier SEC. A more open-minded regulator could provide clearer, more favorable guidelines and lift barriers that have hindered the U.S. crypto sector. This shift alone could mark a major turning point for digital assets in the country.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-boom-the-market-reacts">Bitcoin Boom: The Market Reacts</h2>   
<p>Crypto leaders like Cardano’s Charles Hoskinson have openly backed Trump’s approach, even offering to work with his team to draft more crypto-friendly guidelines. This support—and the buzz surrounding a pro-crypto administration—has driven Bitcoin to new highs, recently <a href="https://coinpedia.org/price-analysis/bitcoins-meteoric-rise-how-the-election-boosted-btc-to-89500/" target="_blank" rel="noreferrer noopener">hitting over $89,000</a>. With a lot of investors looking for certainty in regulation, a clear set of rules could keep pushing Bitcoin and other digital assets up.</p>   
<h2 class="wp-block-heading" id="h-skeptics-speak-out-could-a-u-s-bitcoin-reserve-backfire">Skeptics Speak Out: Could a U.S. Bitcoin Reserve Backfire?</h2>   
<p>But there’s another side to the story. Not everyone is sold on Trump’s plans. Peter Schiff, a well-known crypto skeptic, has raised concerns about a rumored U.S. Bitcoin reserve. He argues that if the government heavily invests in Bitcoin, it could undercut the stability of the U.S. dollar. Schiff’s warning hasn’t stopped the momentum, though. Right now, Trump’s team seems fully committed to a crypto-friendly America.</p>   
<h2 class="wp-block-heading" id="h-what-s-next-for-trump-s-crypto-vision">What’s Next for Trump’s Crypto Vision?</h2>   
<p>As Trump’s team prepares to take office, the big question is how far these pro-crypto policies will go. The market is optimistic, hoping for clearer rules and further growth, yet there are still plenty of unknowns.</p>   
<p><strong>Whether champion or disruptor, Trump’s crypto agenda is set to leave a mark on the industry that won’t soon be forgotten.</strong></p>

U.S. Dollar at Risk? Trump’s Bitcoin Strategy Sparks Debate Among Experts

Table of Contents

CoinPedia News

Other articles published on Nov 12, 2024

Bitcoin Prices Surge Due to Supply Constraints

Binance records $7 billion weekly inflows as Bitcoin surge attract investors

$7.22 Billion Bitcoin ETF Volume Highlights Growing Institutional Adoption

Canary Capital Files for First Hedera (HBAR) Spot ETF with SEC: Will It Be Approved?

Animoca Brands To Boost Web3 Growth with New $10M Fund

Man Who Predicted Bitcoin’s Breakout in 2013, Makes Next Big Prediction Following 2024 Election

Join our free newsletter for daily crypto updates!