#Trump's Cryptocurrency Pledge May Be Delayed#
Hot Topic Overview
Overview
While Trump will take office on January 20, it may take some time for his cryptocurrency promises to be fulfilled. Greg Cipolaro, global head of research at NYDIG, says that the new administration needs to appoint key officials, go through a confirmation process, and then assemble staff. Additionally, key crypto legislation, such as the FIT21 Act and stablecoin legislation, will also take time to pass, as conservative and free-market lawmakers may be less willing to compromise. Therefore, it may take longer for Trump's cryptocurrency promises to be fulfilled.
Ace Hot Topic Analysis
Analysis
With the inauguration of President Trump approaching, his promises on cryptocurrency may need to be put on hold. Greg Cipolaro, head of global research at NYDIG, said that the new administration will need time to appoint key officials, complete confirmation processes, and then assemble teams. Furthermore, key crypto legislation such as the FIT21 Act and stablecoin legislation may take even longer to pass, as conservative and free-market lawmakers may be less willing to compromise. Cipolaro believes that more pressing issues such as geopolitical conflicts, budget and debt ceiling, global trade and tariffs, and immigration issues may take precedence over cryptocurrency policy. Therefore, while President Trump's inauguration brings new hope, changes in cryptocurrency policy may take some time.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration is unlikely to bring immediate changes to cryptocurrency policy.
The new administration will need time to appoint key officials and complete the confirmation process.
Key crypto legislation could take even longer to pass, as conservative and free market lawmakers may be less willing to compromise.
Other important issues, such as geopolitical conflicts, the budget, and the debt ceiling, may take priority over cryptocurrency policy.