Donald Trump is poised to shake up the cryptocurrency sector upon his return to the White House. His ambitious reform agenda could revolutionize banking regulations and boost the adoption of Bitcoin and other altcoins. Stay tuned for more details!
Written by Léa - Last updated on 01/14/2025 at 21:24 by Léa
The Trump administration appears determined to end Operation ChokePoint 2.0, viewed by blockchain players as a direct attack on their industry. Initiated under Joe Biden, this policy has led many banks to sever ties with crypto-friendly businesses.
In March 2022, the SEC introduced Statement of Accounting Bulletin (SAB) 121, requiring banks to classify digital assets as liabilities. This move has been criticized for its potential to impede crypto adoption.
With an executive order set for January 20, industry players are hoping for a reversal of these banking policies. Such a measure could:
Among Trump’s projects is the establishment of a Bitcoin strategic reserve. This initiative aims to enhance the U.S. position in the global economy of cryptocurrencies. Such a reserve could increase investor confidence and promote wider crypto adoption.
Supporters of this idea emphasize the importance of investing in Bitcoin. Many investors view this digital asset as a safe haven.
During the election campaign, Trump pledged to make the U.S. a global hub for blockchain and altcoins. Influential fintech investor Marc Andreessen also supported this by helping recruit tech leaders for this mission.
Trump also plans to revisit policies on artificial intelligence and its interaction with blockchains. At a recent luncheon hosted by David Sack, in charge of tech matters in the Trump team, discussions centered on the potential of AI to:
Integrating these technologies could also enhance investor confidence by:
Such initiatives would enable the U.S. to lead in technological innovation and solidify its role as a leader in the cryptocurrency industry.
⚠️ This article is published for informational purposes and should not be considered as investment advice. Crypto-currency trading involves risk and it is important not to invest more than you can afford to lose.
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Léa is part of the InvestX team which supports members in their training. She is also a crypto enthusiast who follows the market closely. For the InvestX.fr site, she writes articles to help readers decipher the news and what happens day after day in the world of blockchains.
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