The four-year cycle of the U.S. presidential election has come to an end, and Trump has once again lived up to expectations by becoming the President of the United States. Previously, Trump mentioned multiple times during the campaign that he wanted to make the U.S. the first major country to adopt Bitcoin as a reserve currency. I believe this move will lead to a qualitative leap in the entire cryptocurrency market. Let’s revisit some of the bold statements Trump has made!

Expected Actions from Trump:

Policy Aspect: During the election campaign, Trump stated that he would make Bitcoin a national reserve currency and establish a special cryptocurrency advisory committee, which may help promote the development of the crypto market. Although everyone knows this was said for votes, the fact is that the U.S. still holds a large amount of BTC, at least ensuring there won't be any sell-off, which is also a positive message for the market!

Regulatory Aspect: Trump mentioned that his first action upon taking office would be to fire the current SEC chairman and appoint officials who are more supportive of cryptocurrencies. Currently, the three candidates are all favorable figures in the crypto space: Dan Gallagher (Chief Legal Officer of Robinhood, which fully embraces the crypto space), Chris Giancarlo (former CFTC chairman, nicknamed the 'Father of Crypto'), and Hester Peirce (one of the current SEC commissioners, nicknamed 'Crypto Mom'). If this is the case, the regulatory pressure on crypto assets will be significantly reduced!

Trump has previously expressed clear opposition to central bank digital currencies, which may benefit decentralized crypto assets. Therefore, any of the points mentioned above would be an unprecedented advancement for the crypto market!

Overall, regardless of which stage is realized, the above aspects will all be significant positives for the crypto market. Let’s look forward to what explosive actions Trump will take when he officially takes office in January!