#Trump's Inauguration, Crypto Policy Not Expected to Have Immediate Impact#
Hot Topic Overview
Overview
President-elect Trump is set to take office, but the realization of his campaign promises on cryptocurrency policy may take time. Greg Cipolaro, Global Head of Research at NYDIG, says that the new administration needs to appoint and confirm key officials, and then build a team, so changes in cryptocurrency policy will not happen immediately. In addition, some important crypto legislation, such as the FIT21 Act and stablecoin legislation, may also take longer to pass, as conservative and free market legislators may be less willing to compromise.
Ace Hot Topic Analysis
Analysis
Trump is about to take office, but it could take time for his campaign promises about cryptocurrency policy to be fulfilled. Greg Cipolaro, head of global research at NYDIG, said the new administration needs to appoint key officials and go through confirmation processes before it can assemble its staff, which takes time. In addition, key crypto legislation, such as the FIT21 Act and stablecoin legislation, may also take 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, the budget and debt ceiling, global trade and tariffs, and immigration will likely take priority over cryptocurrency policy. Therefore, although Trump's inauguration brings new hope, changes to cryptocurrency policy may not happen immediately.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration ceremony did not immediately change cryptocurrency policy, which will take some time to implement.
The new administration needs to appoint key officials and go through a confirmation process before it can begin formulating cryptocurrency policy.
Some encryption legislation, such as the FIT21 Act and stablecoin legislation, may take longer to pass, as conservative and free market legislatures may be less willing to compromise.
Other important issues, such as geopolitical conflict, budget and debt ceiling, global trade and tariffs, and immigration, may be given higher priority than cryptocurrency policy.