New Administration Brings a New Day for Crypto

For the past few years under the Biden administration, the cryptocurrency space has faced a tough regulatory environment that has effectively hampered its growth. Companies have alleged undue pressure from regulators that has kept them from accessing traditional bank services. The antagonism to the industry prompted an influx of political donations toward the elections in 2024. 

With the election of Donald J. Trump for a second term as president, the industry now has a putative champion in the White House. In the first few weeks of his administration, President Trump’s White House has delivered on campaign promises to reverse Biden administration policies that handicapped the industry. Policies have been replaced, and so have agency heads with more crypto-friendly leaders. The result is an administration that is positioned to encourage the growth and development of cryptocurrencies and digital assets in the U.S. 

Key questions discussed in this report:

• What does the new administration mean for the U.S. crypto industry?
• What crypto-friendly policies have already been put in place?
• What more can the crypto industry expect from the Trump administration?

Companies Mentioned: 

Binance, Bitcoin, Chainlink, Coinbase, Ethereum, Gemini