#Trump's Crypto Promise Takes Time to Fulfill#
Hot Topic Overview
Overview
Although Trump will be inaugurated on January 20th, it may take a while for him to fulfill his cryptocurrency promises. Greg Cipolaro, global head of research at NYDIG, said the new administration needs to appoint key officials and go through a confirmation process before it can assemble staff. 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 lawmakers may be less willing to compromise. Cipolaro believes that geopolitical conflicts, budgets and debt ceilings, global trade and tariffs, and immigration issues may be more pressing problems.
Ace Hot Topic Analysis
Analysis
Donald Trump is set to take office, but his campaign promises regarding cryptocurrency policy may take time to come to fruition. While the inauguration offers hope for the new administration to deliver on its promises, many of them may require time to materialize, said Greg Cipolaro, global head of research at NYDIG. He pointed out that the new government needs to appoint key officials, who then need to be confirmed, after which they need to assemble staff. Furthermore, significant crypto legislation, such as the FIT21 bill and stablecoin legislation, may also take time to pass as conservative and free-market lawmakers might be less willing to compromise. Cipolaro believes that more pressing issues, such as geopolitical conflict, the budget and debt ceiling, global trade and tariffs, and immigration, are likely to take precedence over cryptocurrency policy. Therefore, while Trump's crypto promises are worth looking forward to, their realization will take time and could be impacted by other political and economic factors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's promise to deliver on crypto will take time, as the new administration needs to appoint key officials and go through a confirmation process.
Some crypto 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.
Geopolitical conflict, budget and debt ceiling, global trade and tariffs, and immigration issues may be more pressing matters, potentially taking priority over crypto legislation.
The Trump administration may take some time to build its team and develop crypto policy, so immediate changes to cryptocurrency policy should not be expected.