#Trump's promised cryptocurrency policy could be delayed.#
Hot Topic Overview
Overview
While Trump is set to be inaugurated on January 20, his promised cryptocurrency policy may take some time to materialize. Greg Cipolaro, global head of research at NYDIG, says that the new administration needs to appoint key officials and go through the confirmation process, then build a team. Additionally, some key cryptocurrency legislation, such as the FIT21 bill and stablecoin legislation, may also take longer to pass as conservative and free market lawmakers may be less willing to compromise. Therefore, despite Trump's promise of cryptocurrency policy, its concrete implementation may take longer.
Ace Hot Topic Analysis
Analysis
While Trump is set to take office on January 20th, the realization of his promised cryptocurrency policy may take some time. Greg Cipolaro, Global Head of Research at NYDIG, said it will take time for the new administration to appoint key officials, go through the confirmation process, and then bring in staff. 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 conflict, budget and debt ceiling, global trade and tariffs, and immigration, may take priority over the implementation of cryptocurrency policy. As a result, while Trump's inauguration brings new hope, changes in cryptocurrency policy may take a longer time to materialize.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration, cryptocurrency policy may not change immediately
The new administration will need time to appoint key officials and complete the confirmation process
Key cryptocurrency legislation may take longer to pass, as it requires confirmation procedures and staff building
Geopolitical conflict, budget and debt ceiling, global trade and tariffs, and immigration issues may be more pressing issues