#Trump Promises Crypto Policy, but It May Be Delayed#
Hot Topic Overview
Overview
While Trump promised to establish cryptocurrency policy, it seems that it may take a while for him to deliver on his promise. Greg Cipolaro, Global Head of Research at NYDIG, pointed out that the new administration needs to appoint key officials, go through a confirmation process, and then assemble a staff. Moreover, other important crypto legislation, such as the FIT21 Act and the Stablecoin Act, may also take longer to pass as conservative and free-market lawmakers may be less willing to compromise. Therefore, although the inauguration of Trump is approaching, changes in cryptocurrency policy may not happen immediately.
Ace Hot Topic Analysis
Analysis
President Trump's promised cryptocurrency policies may be delayed. Greg Cipolaro, Head of Global Research at NYDIG, said that while Trump will be sworn in on January 20, he "would also be wary of expecting any immediate changes to cryptocurrency policies." He believes that the new administration needs to appoint key officials and undergo a confirmation process before they can assemble a staff. Moreover, other important crypto legislation such as the FIT21 Act and stablecoin legislation may also take some time to pass, as conservative and free-market legislators may be less willing to compromise. Cipolaro believes that geopolitical conflicts, budgets and debt ceilings, global trade and tariffs, and immigration issues are perhaps more pressing matters, so the implementation of cryptocurrency policies may be pushed back.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration, cryptocurrency policy may not change immediately, it may take some time to deliver on promises.
The new administration needs to appoint key officials, go through the confirmation process, before it can start to develop and implement cryptocurrency policy.
Key cryptocurrency legislation, such as the FIT21 Act and stablecoin legislation, may take longer to pass, as conservative and free market lawmakers may be less willing to compromise.
Other important issues, such as geopolitical conflicts, budgets and debt ceilings, global trade and tariffs, and immigration, may be prioritized over cryptocurrency policy.