Trump’s inauguration nears, but crypto promises could ‘take some time’ — NYDIG
Donald Trump’s inauguration is set for January 20, with promises to overhaul crypto regulations. NYDIG's Greg Cipolaro cautions against expecting immediate changes, noting that key officials must be appointed and confirmed before any policy shifts can occur. Important legislation, such as the FIT21 bill and stablecoin regulations, may face delays due to a more conservative legislature. Priorities may shift towards pressing issues like geopolitical conflicts and the budget. Trump's initial picks for Treasury and SEC appear favorable for crypto, but key positions at the CFTC and OCC remain unfilled. A potential strategic Bitcoin reserve could be established via an Executive Order, utilizing $18.3 billion in confiscated cryptocurrency, though such an order would lack permanence.
