Trump’s Crypto Policy : Could It Redefine The U.S. Market ?

The return of Donald Trump to the presidency could transform the future of cryptos in the United States, as this reelection generates both hope and apprehension. Some players in the sector see it as an opportunity for more favorable regulation, while others question the real intentions of the future administration. Indeed, while the United States holds a predominant place in the development of crypto, Trump’s policy on this sector could redefine the norms and influence the price of assets, particularly Bitcoin.

Towards a more flexible regulation?

In this context, several observers believe that the new Trump administration could adopt a more flexible approach to crypto regulation. “Trump’s victory is a decisive change for the crypto industry in the United States, but also internationally,” states Boris Bohrer-Bilowitzki, CEO of Concordium. He adds that the future president could curb the bureaucratic policies that have so far hindered the development of crypto companies and these assets. The Republican presence in Congress, coupled with the prospect of a more favorable appointment at the head of the SEC, could accelerate this dynamic.

Speculations are rife regarding a reshuffle at the head of the SEC, currently led by Gary Gensler, a controversial figure in the crypto world. It is expected that Trump, as soon as he takes office, will replace Gensler with a personality more open to digital innovation, such as Hester Pierce or Mark Uyeda, already members of the commission. This revision could pave the way for long-blocked initiatives, particularly the establishment of specific frameworks for stablecoins and crypto ETFs, promising a new era for sector companies in the United States.

The challenges and uncertainties of the Trump approach

However, despite this optimism, many observers point to the uncertainties of a Trump presidency, particularly regarding the protection of individual investors. As Timothy Massad, former chairman of the Commodity Futures Trading Commission, explains, “there is a risk that this approach primarily favors speculators and leaves retail investors in uncertainty.” Indeed, the elected president could favor rapid market growth without implementing sufficient safeguards to protect individuals from the risks of speculative bubbles.

The stakes also extend internationally, where Trump might see cryptos as a strategic tool against powers such as China. Thus, competition with China in the field of blockchain technologies and cryptos could become a central axis of American policy, as Trump seeks to position the United States as a global leader in this field. This geopolitical positioning could have repercussions on regulation, with measures aimed at attracting crypto companies and encouraging the adoption of digital solutions.

The arrival of Trump at the White House thus brings contrasting prospects for the crypto industry. While a more permissive framework could encourage innovation and adoption, managing risks and protecting investors remain critical points for the sector. In a context of geopolitical rivalries, the American approach to crypto regulation will undoubtedly influence the evolution of the global market. It remains to be seen whether Trump’s ambitions will translate into concrete actions, meeting the expectations of an industry in search of stability and recognition.