Trump's Inauguration Sparks New Expectations: Can He Deliver on Ten Crypto Policy Promises?
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Trump's Inauguration Sparks New Expectations: Can He Deliver on Ten Crypto Policy Promises?
As Donald Trump officially assumes the presidency of the United States on January 20, 2025, global attention is focused on how this unconventional political figure will deliver on the ten cryptocurrency policy initiatives he promised during his campaign.
Navigating Web3 tides with focused insightsBy Meta Era
To welcome the upcoming inauguration of Donald Trump as President of the United States on January 20, MetaEra has launched a special series titled "Trump Inauguration," providing comprehensive coverage of the 47th U.S. Presidential Inauguration.
Trump's grand inauguration in Washington, D.C., marks the beginning of a new era—not only for American citizens but also for international investors and tech professionals closely watching shifts in U.S. policy. This ceremony is more than just a celebration; it’s a signal foreshadowing a series of upcoming reforms, especially targeting the emerging cryptocurrency industry. As Trump officially assumes office on January 20, 2025, global attention turns to how this unconventional political figure will fulfill his campaign-promised ten-point crypto agenda.
The Ten Major Cryptocurrency Policy Initiatives:
Make America the Global Cryptocurrency Capital
Trump has pledged that if re-elected, he will work to position the United States as the global hub for cryptocurrency, supporting the growth of emerging industries such as crypto and artificial intelligence.
Halt Crackdowns on the Crypto Industry Within One Hour of Taking Office
He promises to end what he calls the current administration’s “illegal crackdown” on the cryptocurrency sector, protecting rights related to Bitcoin mining and trading.
Block Further Development of a U.S. Central Bank Digital Currency (CBDC)
Trump opposes further development of a central bank digital currency by the U.S. government, arguing it would infringe upon personal freedoms.
Establish a Strategic Bitcoin Reserve
Trump plans to create a national-level Bitcoin reserve, positioning Bitcoin as one of America’s strategic assets.
Fire SEC Chair Gary Gensler
He stated that if elected, he would immediately dismiss the current Chair of the U.S. Securities and Exchange Commission (SEC), aiming to ease regulatory pressure on the crypto industry.
Prevent the U.S. Government from Selling Its Bitcoin Holdings
Trump has pledged not to sell any of the Bitcoin currently held by the U.S. government, ensuring these assets continue to serve national interests.
Explore Using Cryptocurrencies to Address the U.S. Debt Crisis
Trump suggests leveraging cryptocurrencies as an innovative solution to tackle America’s growing debt burden.
Propose a Comprehensive National Cryptocurrency Policy
He intends to develop a holistic cryptocurrency policy framework covering areas such as stablecoin regulation and users’ right to self-custody.
Create a Cryptocurrency Advisory Committee
Trump plans to establish a dedicated advisory committee to formulate transparent regulatory guidelines that support the growth of the crypto industry.
Reduce the Sentence of Ross Ulbricht, Founder of Silk Road
He has promised that if elected, he will consider commuting the sentence of Ross Ulbricht, who was imprisoned in connection with the Silk Road case.
Challenges and Impacts of Implementing the Ten Initiatives
Among the ten proposed cryptocurrency policies, the two most difficult to implement are likely “making America the global cryptocurrency capital” and “halting crackdowns on the crypto industry within one hour of taking office.” Turning the U.S. into a global crypto hub isn’t merely a catchy slogan—it involves challenging entrenched financial institutions and reshaping global economic policies. Creating a crypto-friendly environment that attracts businesses and talent requires time and structural changes, including tax incentives and streamlined regulations, making this a significant undertaking for Trump.
The promise to halt regulatory actions against the crypto industry within one hour of taking office sounds more like populist rhetoric aimed at winning over voters—particularly those in the crypto space. While the specific one-hour timeline may be unrealistic, Trump could indeed move quickly on appointing a new SEC chair, clarifying regulatory responsibilities, and relaxing administrative oversight.
In contrast, the easiest action to execute would be reducing Ross Ulbricht’s sentence. Through presidential clemency or policy commitments, Trump could accomplish this with relative ease. Yet doing so would strongly resonate with the libertarian values cherished by the crypto community and help draw broader public attention to cryptocurrencies and the industry at large.
Additionally, firing the SEC chair would signify a leadership shift at the commission, potentially fostering a more innovation-friendly regulatory climate. The proposal to establish a strategic Bitcoin reserve—if realized—would be unprecedented, signaling direct government participation in the digital asset market.
New Expectations Surrounding Trump’s Inauguration
While exact details remain to be seen, one thing is certain: Trump’s official inauguration is likely to trigger a short-term price surge in Bitcoin and other major cryptocurrencies. However, long-term market trends will ultimately depend on actual policy implementation and overall investor confidence.
In the coming four years, we are set to witness profound transformations in the cryptocurrency ecosystem, both in the United States and globally. For everyone following this space, it’s an exciting and challenging era full of possibilities.
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