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6 months ago 30

Fadai Mammadov

The Capital

What we can expect of the crypto industry under the Trump administration

On 20 January took place one of the most expected events of the year — the inauguration of Donald J. Trump as the 47th president of the United States. What will be the impact of his second presidency on the crypto industry? What will change or not? Though it’s almost impossible to predict the events or forecast where BTC or ETH price will be at after 4 days, let alone 4 years, I’ll try to summarize what I expect of 2025–2029.

Trump is more crypto-friendly than his predecessor Joe Biden or many other politicians. This is at least what we can conclude after listening to his campaign promises.

What has already been done?

- Ross Ulbricht, the creator of an online marketplace called Silk Road where users could trade with bitcoin, has been pardoned. The pardon is “full and unconditional”. A small step for man but a giant leap for crypto industry. If nothing else, this only underlines the Trump administration’s attitude toward the industry.

- $TRUMP memecoin was launched which rose from $1 to $70 in a day. Profits from the memecoin were spent to purchase cryptocurrencies, such as wBTC, ETH, and LINK. Trump's family is no stranger to crypto. We can likely expect several more memecoin launches from the President or family members.

What is expected to be done?

- Trump is believed to be more lenient to crypto regulations. Previous SEC chair…

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