The initial phase of Donald Trump's presidency significantly impacted the crypto industry with the introduction of new policies and changes.
The Beginning of a New Crypto Era
On January 20, as Trump was inaugurated, his family's crypto investment firm World Liberty Financial (WLFI) launched its token sale. This event marked the start of Trump's crypto agenda and drew attention to his unprecedented support for the industry in Washington.
A Break from Economic Sharp Edges
In the early months of his presidency, Trump appointed several pro-crypto advocates to key positions in federal agencies, including the nomination of Paul Atkins as SEC chair. This was seen as a positive step towards creating a desirable regulatory framework for the crypto industry.
The Crypto Industry's Future Under Pressure
Failures in trade policy became a source of instability in the crypto market. Tariffs set by Trump reduced investor confidence, and in times of economic uncertainty, cryptocurrencies faced pressure. Simultaneously, these circumstances raised questions about the future of regulation in the sector.
The first phase of Trump's presidency has proven to be eventful, significantly impacting the crypto industry. The future regulatory questions remain open.
