Why These Three Dates Signal a ‘Ton of Optimism’ for Crypto as Trump Seizes Power.
The US has long lagged behind other nations in creating bespoke crypto regulations, stymied by legislative gridlock and regulatory crackdowns. However, this dynamic could soon shift as President-elect Donald Trump pledges to transform the US into the “crypto capital of the planet.”
Trump’s bold promise came during a Bitcoin conference in July, where he declared that the rules will now be written by those who “love your industry, not hate your industry.” Adding weight to these remarks is the pro-crypto stance of key lawmakers such as Arkansas Republican French Hill, set to chair the House Financial Services Committee. Furthermore, Trump’s nominee picks thus far include individuals with favorable ties to crypto, signaling a potentially transformative era for the industry.
Mark These Three Key Dates in 2025
- January 3: The 119th Congress Convenes
Republicans, holding both chambers, will begin advancing their policy goals, including vetting Trump’s pro-crypto appointees. Nominees like Paul Atkins (SEC), Scott Bessent (Treasury), and Howard Lutnick (Commerce) could reshape regulatory oversight. Although it may take months for these appointments to take effect, their eventual confirmation could bolster crypto-friendly policies. - January 20: Trump’s Inauguration
Trump’s inauguration signals immediate changes, including the rescission of restrictive orders like Biden’s 2022 executive directive on crypto. Additionally, SEC chair Gary Gensler’s resignation could lead to the repeal of Staff Accounting Bulletin 121, which has hindered banks from managing large crypto assets. - April 30: Trump’s First 100 Days End
Congressional Republicans aim to pass significant crypto legislation within Trump’s first 100 days. A proposed market structure bill, potentially inspired by the FIT 21 Act of 2024, seeks to establish a clear regulatory framework, reducing conflicts between agencies like the SEC and CFTC. Other legislative efforts include a stablecoin bill and the Blockchain Regulatory Certainty Act, which could provide much-needed clarity for developers and service providers.
Challenges and Opportunities
Despite the optimism, hurdles remain. Republicans’ slim House majority and competing legislative priorities may delay or dilute pro-crypto initiatives. Furthermore, some industry leaders remain wary of compromises that could stifle innovation, particularly in decentralized finance (DeFi).
BitGalactic’s Take
The optimism surrounding Trump’s return and the anticipated regulatory shifts are palpable, but it’s crucial to balance expectations. BitGalactic believes the crypto community should leverage this momentum to advocate for sensible regulations that ensure innovation thrives without compromising security and transparency.
While Trump’s pro-crypto stance is encouraging, the road ahead requires vigilance and collaboration across stakeholders. The coming months could define the trajectory of the US crypto landscape for years to come. Stay tuned for BitGalactic’s in-depth analysis as these pivotal events unfold.
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