#Trump’s Cryptocurrency Pledge May Be Delayed#
Hot Topic Overview
Overview
With the inauguration of the Trump administration nearing, his cryptocurrency promises may take some time to materialize. Greg Cipolaro, Global Head of Research at NYDIG, said the new administration needs to appoint and confirm key officials, 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 geopolitical conflicts, the budget and debt ceiling, global trade and tariffs, and immigration issues may be more pressing concerns.
Ace Hot Topic Analysis
Analysis
Trump's inauguration is approaching, but his cryptocurrency promises may take time to materialize. Greg Cipolaro, Global Head of Research at NYDIG, said that the new administration needs to appoint key officials and go through a confirmation process, and then it will also take time to assemble staff. Additionally, other 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. Cipolaro believes that more pressing issues such as geopolitical conflicts, the budget and debt ceiling, global trade and tariffs, and immigration may take precedence over cryptocurrency policy. Therefore, despite Trump's campaign promises to support cryptocurrency, the realization of his promises may take longer.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's inauguration
cryptocurrency policy
may
not
immediately
change
new government
need
time
appoint
key officials
complete
confirmation
process
key
crypto
legislation
may
need
longer
time
pass
because
need
go
through
confirmation
process
staffing
other
important
issues
such
geopolitical conflict
budget
debt ceiling
may
more
priority
cryptocurrency policy