The Trump administration is taking measures that contribute to the resurgence of the cryptocurrency industry in the US. This policy contrasts with the stricter measures of the previous administration.
Crypto in America is Booming Again
With Joe Biden gone and Gary Gensler replaced, the attitude towards crypto in the US has drastically improved. Positive changes in policy, such as the recently passed GENIUS Act, have sparked a rise in US crypto founders. Reports indicate that these changes have inspired many American crypto firms to file for public offerings.
Trump as a Crypto Advocate
Although Donald Trump has historically been skeptical of the cryptocurrency industry, he changed his stance due to effective lobbying efforts. Since he took office, pro-crypto laws have been enacted, which are supported by industry representatives. The resurgence of founders like Chase Herro and Zak Folkman also confirms the changing attitudes toward crypto.
Criticism and Controversies
Despite praise for the current crypto-friendly policies, Trump is also criticized for potential conflicts of interest. Leading experts point out his substantial personal gains from the crypto industry, raising questions about ethics and the influence of his business dealings on his political agenda.
The changes in US policy under Trump are causing noticeable shifts in the cryptocurrency industry. The president's support for innovation, along with criticisms of his actions, illustrate the complexity of this process.
