Crypto deregulation under Trump: Promises vs reality
The incoming US president will have the authority to enact many policies favorable to crypto users after taking office next week.
With seven days until US President-elect Donald Trump takes office, many in the crypto industry have been monitoring his prospective staff picks and policy announcements.
Since shifting from calling Bitcoin (BTC) a “scam” in 2021 to claiming to embrace the technology during his 2024 presidential campaign, Trump has made many promises to the digital asset industry that could affect regulation and enforcement. Though there is no way to know if he intends to prioritize those promises — or fulfill them at all — after taking office, there has already been some movement in the regulatory landscape before his scheduled inauguration.
At the Bitcoin 2024 conference in July, Trump promised to fire US Securities and Exchange Commission Chair Gary Gensler on his first day in office, Jan. 20. Many speculated that Gensler would be more likely to announce his resignation ahead of any Trump presidency, despite the SEC chair’s term ending in June 2026.
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Author: Turner Wright
