Last week’s US Election saw Donald Trump take up his second term in office – signalling a huge change in American politics.
Almost immediately, Bitcoin started to rally, reaching an incredible price of $82,000 per bitcoin. This signalled an all time high for the cryptocurrency, largely due to Trump’s pro-crypto policies.
Now, crypto enthusiasts all over the world will be watching closely to see what the sector will look like under a Trump government.
What Are Trump’s Crypto Policies?
According to CryptoBriefing, Trump promised a number of policies during his campaign that are designed to boost the US crypt industry, including:
- Establishing a Bitcoin reserve: Trump plans to get US law enforcements to hold on to seized Bitcoin rather than auctioning it, which could help boost the economy and reduce national debt.
- Preventing a US Central Bank Digital Currency (CBDC): He has opposed creating a government-controlled digital dollar as he agrees this would reduce financial freedom for many.
- Boosting US-based Bitcoin mining: He wants to make the US a leader in Bitcoin mining, meaning a lot of the cryptocurrency is made and traded from the US.
- Removing SEC chair Gary Gensler: Trump plans to replace the current SEC Chair, known for his strict crypto regulations, with someone more liberal with crypto policies.
- Positioning the US as a Global Crypto Leader: He wants to make the US the “crypto capital” of the world, attracting global investors. This has been made more likely by having Elon Musk as part of the government administration – a figure who is known for being pro-crypto.
- Reducing Regulations: Trump wants to cut down on strict regulations and make the US a more open environment for crypto businesses.
- Protecting private custody and mining rights: Trump has said he will protect Americans rights to mine and privately hold their crypto assets, giving them more financial freedom.
- Forming a Bitcoin and Crypto Advisory Council: Within his first 100 days, Trump aims to bring together industry experts to create a council focused on clear and growth-oriented crypto policies.
With all of these promises in his manifesto, it’s no surprise that so many have decided to buy up the asset.
We asked the experts how they think a Trump government could affect the future of crypto, here’s what they had to say:
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Our Experts
- Dominik Schiener, Co-Founder of Realize and Co-Founder and Chair of the IOTA Foundation
- Ronan Walsh, Managing Director, Digital Trawler
- Peter Kris, CEO and Co-Founder of Gasp
- James Bianco, President and Macro Strategist at Bianco Research, LLC
- Danny Scott, CEO and Co-Founder of CoinCorner
- Nigel Green, CEO at deVere Group
Dominik Schiener, Co-Founder of Realize and Co-Founder and Chair of the IOTA Foundation
“Following Donald Trump’s recent election win, Bitcoin has reached an all-time high, surpassing $76,000 and sparking renewed optimism in the cryptocurrency market. As the political landscape in the USA stabilises, the crypto sector may see critical developments under Trump’s administration.
“A key area to watch is the administration’s approach to crypto regulation. During Trump’s first term, he largely took a hands-off approach, allowing the sector to flourish. A second term could usher in a crypto-friendly SEC Chair, reversing the current “regulation by enforcement” approach and bring clarity to the classification of crypto assets. This would likely improve how traditional banks engage with the sector and serve clients dealing with digital assets, while also advancing regulations for stablecoins and tokenised assets. Such policies could foster innovation in decentralised finance (DeFi) and the tokenisation of real-world assets (RWA), benefiting areas like real estate and commodities by attracting institutional investors and driving adoption.
“Another key development could be the U.S. adopting a strategic Bitcoin reserve policy, which would be a game-changer for the digital asset space. This shift could elevate the legitimacy of cryptocurrencies, fostering global acceptance and inspiring other nations to incorporate digital assets into their financial frameworks.”
Ronan Walsh, Managing Director, Digital Trawler
In a Trump-led administration, cryptocurrency’s evolution could be shaped by a mix of regulatory rollbacks, tax incentives, and a more laissez-faire approach to digital assets. Trump’s previous administration showed a somewhat skeptical stance on crypto, but if he recognises its role in financial autonomy and economic innovation, we could see a shift. His government might take a pro-business approach that favors reduced regulations, which could open doors for more institutional crypto investments and an increase in blockchain ventures on U.S. soil.
However, with deregulation could come challenges around consumer protection, leaving investors more vulnerable to fraud and market manipulation without clear federal safeguards. The administration might also face pressure to clarify tax policies surrounding crypto transactions, as inconsistency remains a major pain point for U.S.-based crypto holders. Additionally, the centralisation vs. decentralisation debate would likely gain steam, especially if Trump pushes for an American digital dollar as a counter to decentralised digital currencies.
While we could expect Trump’s policies to encourage innovation in crypto, the balance between fostering growth and ensuring adequate investor protections would be crucial. This could set a new precedent, impacting how the U.S. competes globally in the digital asset space.
Peter Kris, CEO and Co-Founder of Gasp
The U.S. could become a more attractive environment for crypto companies, especially in states that are already fairly open to new crypto projects, such as Wyoming. Trump’s win could lead to looser regulations domestically, enabling crypto asset businesses based outside of the U.S. to finally open their doors to U.S. residents.
Further endorsements of crypto, as noted by Federal Reserve Governor Christopher Waller, could boost the U.S. economy, with DeFi serving as the infrastructure through which stablecoins (digital dollars) can flow more cheaply and quickly.”
James Bianco, President and Macro Strategist at Bianco Research, LLC
“The election results could shape Bitcoin‘s future regulatory environment significantly,”
“Crypto should aim to stay bipartisan to ensure stable policy development”
“I think you’ll see adoption and people move towards crypto if Trump wins,” Bianco predicted, pointing to a more favourable regulatory environment under a Trump administration.
“Developers won’t have to be afraid of going to jail because of some code they wrote… I think that would be hugely beneficial to crypto.”
Danny Scott, CEO and Co-Founder of CoinCorner
Nigel Green, CEO at deVere Group
“We expect that this is just the beginning, with the cryptocurrency set to break more records under an incoming Trump administration.
“President-Elect Trump’s crypto-friendly stance signals a transformative moment for Bitcoin and the broader digital asset market.
“His administration has a clear mandate to regulate crypto constructively, and his plan to elevate Bitcoin to a strategic asset class is a powerful endorsement. This is the most significant tailwind we’ve seen for Bitcoin since its inception.”
“While inflation pressures have eased with recent rate cuts globally, the Trump administration’s ambitious spending plans and potential tariffs could quickly reignite upward pressure on prices. This inflationary backdrop is encouraging investors to turn to Bitcoin as a safeguard against diminishing purchasing power.”
“Bitcoin, by its very design, is a deflationary asset. Unlike fiat currency, its supply is capped, which makes it an ideal hedge in times of inflation. As more investors recognise this, Bitcoin’s role as a long-term store of value only strengthens.”
