Trump's Inauguration Sparks New Expectations: Can He Fulfill the Top Ten Cryptocurrency Policies?

As Donald Trump will officially assume the presidency of the United States on January 20, 2025, global attention is focused on how this non-traditional political figure will fulfill the top ten cryptocurrency policies promised during his campaign. (Background: The probability of establishing a Bitcoin reserve within the first 100 days of Trump's presidency drops to 31%, with two possible pathways.) (Context: MicroStrategy's Michael Saylor: If the Trump administration needs me, I am willing to serve as a cryptocurrency advisor.) To welcome the upcoming inauguration of Trump as President of the United States on January 20, MetaEra has launched a special feature titled 'Trump Inauguration', which will provide comprehensive coverage of the 47th presidential inauguration of the United States. The grand inauguration ceremony held in Washington, D.C. marks the beginning of a new era, not only for American citizens but also for international investors and technology professionals closely monitoring changes in U.S. policy. This ceremony is not only a celebration but also a signal — it heralds a series of upcoming reforms, especially targeting the emerging cryptocurrency industry. As President Trump is formally inaugurated on January 20, 2025, global attention is focused on how this non-traditional political figure will fulfill his campaign promises regarding the top ten cryptocurrency policies. The top ten cryptocurrency policies mainly include: Making the U.S. the global cryptocurrency capital Trump has pledged that if re-elected, he will work to develop the U.S. into the global center for cryptocurrency, supporting the growth of emerging industries like cryptocurrency and artificial intelligence. Stopping the suppression of the cryptocurrency industry within the first hour of taking office He promises to end the current government's 'illegal suppression' of the cryptocurrency industry, protecting the rights to Bitcoin mining and trading. Preventing the U.S. government from further developing CBDC Trump opposes the U.S. government's further development of Central Bank Digital Currency (CBDC), believing it will restrict personal freedoms. Establishing a strategic Bitcoin reserve Trump plans to establish a national Bitcoin reserve, making Bitcoin one of the strategic assets of the United States. Dismissing SEC Chairman Gary Gensler He stated that if elected, he would immediately dismiss the current Chairman of the U.S. Securities and Exchange Commission (SEC) to ease regulations on the cryptocurrency industry. Committing not to sell the Bitcoin held by the U.S. He promises not to sell the Bitcoin held by the U.S. government, ensuring these assets continue to serve the nation. Suggesting using cryptocurrency to solve the U.S. debt crisis Trump suggests using cryptocurrency to address America's debt crisis, viewing it as an innovative solution. Proposing comprehensive cryptocurrency policies He plans to formulate a comprehensive cryptocurrency policy covering aspects such as stablecoin regulation and users' self-custody rights. Establishing a cryptocurrency advisory committee Trump plans to establish a dedicated advisory committee to formulate transparent regulatory guidelines supporting the development of the cryptocurrency industry. Considering reducing the sentence of Ross Ulbricht, the founder of Silk Road He promises that if elected, he will consider reducing the sentence of Ulbricht, who was convicted due to the Silk Road incident. The difficulty and impact of implementing the top ten policies Among the ten cryptocurrency policies, the most challenging to achieve are 'making the U.S. the global cryptocurrency capital' and 'stopping the suppression of the cryptocurrency industry within the first hour of taking office.' For Trump, 'making the U.S. the global cryptocurrency capital' is not just a catchy slogan; the potential conflict lies in challenging traditional financial institutions and global economic policies, creating a cryptocurrency-friendly environment to attract businesses and talent will require time and space, involving tax incentives, simplifying regulatory processes, and other aspects, which is a significant task for Trump. 'Stopping the suppression of the cryptocurrency industry within the first hour of taking office' sounds more like a catchy phrase for more votes, aimed at the cryptocurrency industry. If we do not get entangled in the time dimension of one hour after taking office, Trump has already made further moves regarding appointing a new SEC chairman, clarifying regulatory responsibilities, and easing executive regulations, which can indeed be implemented quickly. The least challenging task would be to reduce the sentence of Ross Ulbricht, the founder of Silk Road; utilizing presidential pardons and policy commitments, Trump could easily accomplish this, but it would greatly reflect the importance of the libertarian values of the cryptocurrency community and attract more attention to cryptocurrency and the cryptocurrency industry. Additionally, 'dismissing the SEC chairman' would mean a change in the SEC leadership, which could foster a more innovation-friendly regulatory atmosphere. If the proposal to 'establish a strategic Bitcoin reserve' comes true, it would be an unprecedented initiative, indicating the government's willingness to directly participate in the digital asset market. New expectations for Trump's inauguration While specific details are yet to be revealed, it is certain that Trump's formal inauguration will likely lead to a short-term increase in the prices of Bitcoin and other mainstream cryptocurrencies, but the long-term trend will still depend on the actual implementation of policies and market confidence. In the next four years, we will witness profound changes in the cryptocurrency ecosystem in the U.S. and globally. For all industry participants focused on this field, it is an exciting yet challenging era. Related reports: Trump press conference 'crazy remarks' five points: annexing Canada, taking over the Panama Canal and Greenland... COW surges after launching on Binance, just because of the Trump family? Being president from jail? U.S. court rejects Trump's 'hush money case' delay request, 34 felonies 1/10 verdict 'Trump's inauguration sparks new expectations: Can he fulfill the top ten cryptocurrency policies?' This article was first published in BlockTempo (the most influential blockchain news media).