Article source: Meta Era
To welcome the upcoming Trump inauguration ceremony on January 20, MetaEra has launched a special topic 'Trump Inauguration', providing comprehensive coverage of the 47th U.S. presidential inauguration.
Trump's grand inauguration ceremony in Washington, D.C. marks the beginning of a new era, not only for American citizens but also for international investors and tech industry figures closely watching changes in U.S. policy. This ceremony is not just a celebration, but a signal - it heralds a series of upcoming reforms, particularly targeting the emerging cryptocurrency industry. With President Trump’s official inauguration on January 20, 2025, the world's attention is focused on how this unconventional political figure will fulfill his campaign promises regarding the ten new cryptocurrency policies.
The ten new cryptocurrency policies primarily include:
●Make America the global crypto capital
Trump promises that if re-elected, he will work to make America the global center of cryptocurrency, supporting the development of emerging industries such as cryptocurrencies and artificial intelligence.
●Stop the crackdown on the crypto industry within one hour of taking office
A commitment to ending the current government's 'illegal crackdown' on the cryptocurrency industry, protecting the rights to mine and trade Bitcoin.
●Prevent the U.S. government from further developing CBDC
Trump opposes further development of a central bank digital currency (CBDC) by the U.S. government, believing it would restrict personal freedoms.
●Establish a strategic Bitcoin reserve
Trump plans to establish a national Bitcoin reserve, making Bitcoin one of the strategic assets of the U.S.
●Fire SEC Chairman Gary Gensler
He stated that if elected, he would immediately fire the current chairman of the U.S. Securities and Exchange Commission (SEC) to ease regulations on the crypto industry.
●Prevent the sale of Bitcoin held by the U.S.
He promises not to sell the Bitcoin held by the U.S. government, ensuring that these assets continue to serve the nation.
●Propose using cryptocurrency to solve America's debt issues
Trump suggests using cryptocurrency to address America's debt crisis, viewing it as an innovative solution.
●Propose comprehensive cryptocurrency policies
He plans to develop a comprehensive cryptocurrency policy covering aspects such as stablecoin regulation and user self-custody rights.
●Establish a cryptocurrency advisory committee
Trump plans to establish a dedicated advisory committee to formulate transparent regulatory guidelines supporting the development of the crypto industry.
●Reduce the sentence of 'Silk Road' founder Ross Ulbricht
He promises that if elected, he will consider reducing the sentence of Ublish, who was sentenced due to the 'Silk Road' incident.
The difficulty and impact of implementing the ten new policies
Counting down the ten new cryptocurrency policies, the most challenging to implement are 'Make America the global crypto capital' and 'Stop the crackdown on the crypto industry within one hour of taking office.' 'Make America the global crypto capital' is not just a catchy slogan for Trump; the potential conflict lies in challenging traditional financial institutions and global economic policies. Creating a crypto-friendly environment that attracts businesses and talent will require time and space, involving tax incentives and simplifying regulatory processes, which is a significant task for Trump.
The phrase 'Stop the crackdown on the crypto industry within one hour of taking office' sounds more like a catchy slogan aimed at gaining more votes, particularly directed at the crypto industry. If we set aside the one-hour time frame, Trump has indeed taken further actions regarding the appointment of the new SEC chairman, clarifying regulatory powers and responsibilities, and easing administrative regulations, all of which can be implemented swiftly.
The easiest administrative action would be to reduce the sentence of 'Silk Road' founder Ross Ulbricht. Through presidential pardons and policy commitments, Trump could easily accomplish this, which would greatly highlight the importance of libertarian values within the crypto community and attract more attention to cryptocurrencies and the crypto industry.
Moreover, 'firing the SEC chairman' indicates a change in the SEC leadership, which may create a more innovation-friendly regulatory atmosphere. If the proposal to 'establish a strategic Bitcoin reserve' comes to fruition, it would be an unprecedented move, indicating the government's willingness to directly participate in the digital asset market.
New expectations for Trump's inauguration ceremony
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, though the long-term trend will still depend on the actual implementation of policies and factors such as market confidence.
In the next four years, we will witness profound changes in the cryptocurrency ecosystem both in the U.S. and globally. For all industry participants focused on this sector, this is an exciting yet challenging time.
