“Washington Way of Working”
Or it may lead to the crypto industry not immediately improving after Trump's inauguration
Below is a brief summary of the impact of Trump's policies on the cryptocurrency industry:
• Trump's Policy Commitments:
• During his campaign, Trump made several commitments to the cryptocurrency industry, including support for the cryptocurrency and artificial intelligence sectors.
• Promised to fire SEC Chairman Gary Gensler, establish a Bitcoin reserve, and block the development of CBDCs.
• Uncertainty in the Legislative Process:
• The timeline for the first cryptocurrency legislation to pass Congress remains unclear.
• Legislation may be pushed in 2025, focusing on issues such as stablecoin legislation and the FIT21 bill.
• The legislative process may face opposition from Senate Democrat Elizabeth Warren.
• Macroeconomic Impact:
• The Federal Reserve's monetary policy will continue to affect the crypto market, with loose policies favoring Bitcoin.
• The U.S. government's debt issue may become a new focal point for the market, affecting Bitcoin's safe-haven properties.
• Industry Outlook:
• Changes in Trump's policies are a positive factor for the crypto industry, but industry participants need to remain cautious.
• Pay attention to the impact of the legislative process and macroeconomic dynamics on the cryptocurrency market.
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