The recent US elections brought unexpected surprises, with cryptocurrency emerging as a central theme.
Cryptocurrency in Elections
Cryptocurrencies became a key theme during the recent elections. Donald Trump, previously critical of the subject, suddenly emerged as a supporter. This was evident at the Nashville conference where he endorsed Bitcoin. In contrast, Kamala Harris largely sidestepped cryptocurrency, only occasionally mentioning 'encouraging innovation.'
Promises and Expectations
Following Trump's victory, crypto enthusiasts anticipate significant changes. Trump promises reforms including the formation of a crypto advisory committee and replacement of the SEC chair. Another step involves revisiting the taxation rules for crypto startups. As a result, many view Trump as the 'first Bitcoin president.'
Realistic Prospects
Despite the promises, it's important to remember that policy doesn't always follow campaign rhetoric. While a change at the SEC could alter regulation, partnerships with states may not always benefit the crypto industry. Although there are existing barriers and international challenges, the potential for growth and integration of cryptocurrency into the economy remains a priority.
Trump's victory carries potential benefits for the crypto industry, but expectations should be realistic. The administration will face various challenges, and not all decisions will be favorable to cryptocurrencies.
