Trump’s first week in office: Will crypto regulation take a back seat?
Summary
Crypto investors are optimistic ahead of Donald Trump's inauguration on January 20, expecting innovation-friendly regulations. Paul Atkins is nominated as the new SEC chair, known for advocating market-friendly regulations. Regulatory frameworks may take time to develop, with significant changes unlikely in the first week. An executive order from Trump on crypto policy is anticipated, potentially focusing on innovation and collaboration between regulators and the industry. The BITCOIN Act, proposed by Senator Cynthia Lummis, aims to create a strategic Bitcoin reserve, which could significantly impact Bitcoin's market value. Bitcoin's market cap would need an additional $2 trillion to surpass $200,000.
