#Trump’s Crypto Promise Needs Time#
Hot Topic Overview
Overview
With just one week until President-elect Trump’s inauguration, the changes to cryptocurrency policy he promised during the campaign may take longer to materialize. Greg Cipolaro, global head of research at NYDIG, says the new administration will need to appoint and confirm key officials before it can even start assembling a staff. Moreover, significant crypto legislation, such as the FIT21 bill and stablecoin legislation, could also take longer to pass, as conservative and free-market legislators may be less willing to compromise. Cipolaro believes that geopolitical conflicts, the budget and debt ceiling, global trade and tariffs, and immigration are likely to be more pressing matters.
Ace Hot Topic Analysis
Analysis
Trump's inauguration is approaching, but his campaign promises related to cryptocurrency may take some time to materialize. Greg Cipolaro, global head of research at NYDIG, points out that the new administration needs to appoint key officials and go through the confirmation process before it can assemble staff, which will take some time. Moreover, other important 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, budget and debt ceiling, global trade and tariffs, and immigration, may take precedence over crypto policy. Therefore, while Trump's inauguration brings new hope, changes in crypto policy may take longer to materialize.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
After Trump's inauguration, cryptocurrency policy may not change immediately, it will take some time to deliver on promises.
The new administration needs to appoint key officials and go through a confirmation process, which takes time.
Some crypto legislation, such as the FIT21 Act and stablecoin legislation, may take longer to pass as conservatives and free-market lawmakers may be less willing to compromise.
Other important issues such as geopolitical conflicts, budget and debt ceiling, global trade and tariffs, and immigration may take precedence over cryptocurrency policy.