To welcome the upcoming inauguration of Donald Trump as President of the United States on January 20, MetaEra has launched a special feature titled "Trump's Inauguration," which will provide comprehensive coverage of the 47th presidential inauguration.
The grand inauguration ceremony held in Washington, D.C. marks the beginning of a new era, not only for American citizens but also for international investors and tech industry figures closely watching changes in U.S. policy. This ceremony is not just a celebration; it is a signal—indicating a series of upcoming reform measures, particularly aimed at the emerging cryptocurrency industry. With President Trump’s official inauguration on January 20, 2025, the world is focused on how this unconventional political figure will fulfill his campaign promises regarding the ten new cryptocurrency policies.
The Ten New Cryptocurrency Policies Include:
● Making the U.S. the Global Cryptocurrency Capital
Trump has promised that if re-elected, he will work to develop the U.S. into the global center for cryptocurrency, supporting the growth of emerging industries like cryptocurrency and artificial intelligence.
● Ending the Crackdown on the Cryptocurrency Industry Within One Hour of Taking Office
He has pledged to end the current administration's "illegal crackdown" on the cryptocurrency industry, protecting the rights to Bitcoin mining and trading.
● Stopping Further Development of CBDC by the U.S. Government
Trump opposes the U.S. government's further development of Central Bank Digital Currency (CBDC), believing it would restrict personal freedoms.
● Establishing a Strategic Bitcoin Reserve
Trump plans to create a national Bitcoin reserve, making Bitcoin one of the strategic assets of the United States.
● Firing SEC Chairman Gary Gensler
He stated that if elected, he would immediately fire the current chairman of the U.S. Securities and Exchange Commission (SEC) to ease regulations on the cryptocurrency industry.
● Preventing the U.S. from Selling Its Bitcoin Holdings
He has promised not to sell the Bitcoin held by the U.S. government, ensuring that these assets continue to serve the nation.
● Suggesting Using Cryptocurrency to Address the U.S. Debt Crisis
Trump has suggested using cryptocurrency to tackle the U.S. debt crisis, viewing it as an innovative solution.
● Proposing Comprehensive Cryptocurrency Policies
He plans to formulate a comprehensive cryptocurrency policy covering aspects such as stablecoin regulation and user self-custody rights.
● Establishing a Cryptocurrency Advisory Committee
Trump intends to establish a dedicated advisory committee to develop transparent regulatory guidelines to support the growth of the cryptocurrency industry.
● Reducing the Sentence of Silk Road Founder Ross Ulbricht
He has promised that if elected, he will consider reducing the sentence of Ulbricht, who was convicted due to the Silk Road incident.
The Challenges and Impacts of Implementing the Ten Policies
Among the ten new cryptocurrency policies, the most challenging to implement are "Making the U.S. the Global Cryptocurrency Capital" and "Ending the Crackdown on the Cryptocurrency Industry Within One Hour of Taking Office." "Making the U.S. the Global Cryptocurrency Capital" is not just a catchy slogan for Trump; the potential conflict lies in challenging traditional financial institutions and global economic policies. Creating a cryptocurrency-friendly environment that attracts businesses and talent will require time and space, involving tax incentives, simplified regulatory processes, and more, which is a significant undertaking for Trump.
"Ending the Crackdown on the Cryptocurrency Industry Within One Hour of Taking Office" sounds more like a catchy phrase aimed at garnering more votes, particularly directed at the cryptocurrency industry. If we set aside the one-hour time frame, Trump has made further moves regarding the appointment of a new SEC chairman, clarifying regulatory responsibilities, and easing administrative oversight, all of which can indeed be implemented quickly.
The least challenging administrative action would be reducing the sentence of Silk Road founder Ross Ulbricht. Through presidential pardons and policy commitments, Trump could easily achieve this, but it would greatly reflect the importance of liberal values within the cryptocurrency community and draw more attention to cryptocurrency and the industry.
Additionally, "Firing the SEC Chairman" would mean a change in the SEC leadership, potentially leading to a more innovation-friendly regulatory atmosphere. The proposal to "Establish a Strategic Bitcoin Reserve," if realized, would be an unprecedented move, indicating the government's willingness to directly participate in the digital asset market.
New Expectations for Trump's Inauguration
While specific details are yet to be revealed, it is certain that Trump's formal inauguration will likely lead to a short-term increase in the prices of Bitcoin and other mainstream cryptocurrencies. However, the long-term trend will still depend on the actual implementation of policies and market confidence.
In the next four years, we will witness profound changes in the cryptocurrency ecosystem both in the U.S. and globally. For all industry participants focused on this field, it is an exciting and challenging time.
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