{"id":45664,"date":"2025-01-20T08:36:22","date_gmt":"2025-01-20T08:36:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-industry-hopes-rise-as-donald-trump-enters-the-white-house\/"},"modified":"2025-01-20T08:36:22","modified_gmt":"2025-01-20T08:36:22","slug":"crypto-industry-hopes-rise-as-donald-trump-enters-the-white-house","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-industry-hopes-rise-as-donald-trump-enters-the-white-house\/","title":{"rendered":"Crypto industry hopes rise as Donald Trump enters the White House"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/30020836983_0c6d0e542e_b-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/30020836983_0c6d0e542e_b-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/30020836983_0c6d0e542e_b-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/30020836983_0c6d0e542e_b-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">A new era is set for the industry with the appointment of crypto-friendly candidates such as Paul Atkins<\/li>\n<li aria-level=\"1\">It remains to be seen whether the US will match similar regulatory frameworks like Europe\u2019s MiCA<\/li>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">The rise of Bitcoin will be shaped by institutional adoption, increased regulatory clarity, and broader macroeconomic and geopolitical trends<\/span><\/li>\n<\/ul>\n<p>US President-elect Donald Trump is taking office today with his incoming administration making significant promises for the crypto industry.<\/p>\n<p>After years of battling with the US Securities and Exchange Commission (<a href=\"https:\/\/coinjournal.net\/search\/Securities+and+Exchange+Commission\">SEC<\/a>) under outgoing <a href=\"https:\/\/coinjournal.net\/search\/Joe+Biden\">US President Joe Biden\u2019s<\/a> administration, the crypto market is beginning to feel hopeful.<\/p>\n<p>Even before entering the White House, a shift has already taken place with the appointment of crypto-friendly candidates including <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-selects-pro-crypto-paul-atkins-to-be-the-next-us-sec-chair\/\">Paul Atkins as the next SEC Chair<\/a> and <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-names-david-sacks-as-ai-and-crypto-czar\/\">crypto czar David Sacks<\/a>. Trump is also, reportedly, going to <a href=\"https:\/\/coinjournal.net\/news\/trump-to-make-crypto-a-priority-with-executive-order\/\">sign an executive order<\/a> making crypto a priority under his leadership.<\/p>\n<p>\u201cSo far, the country has done little to advance a clear crypto regulatory framework,\u201d said Tom Kiddle, co-founder of Palisade, a French-regulated digital asset custodian backed by Ripple, to CoinJournal. \u201cHowever, Trump\u2019s nomination of pro-crypto Paul Atkins could mark the dawn of a new era for the sector.\u201d<\/p>\n<h2>A similar MiCA framework?<\/h2>\n<p>While a potentially favorable crypto environment is possible with the likes of Paul Atkins, it remains to be seen whether the new administration will match international frameworks such as Europe\u2019s Markets in Crypto Assets (<a href=\"https:\/\/coinjournal.net\/search\/MiCA\">MiCA<\/a>) regulations.<\/p>\n<p>According to Kiddle the \u201cUS is at a crossroads,\u201d adding that \u201cif the SEC adopts a constructive stance, the country could finally reclaim is position as a global leader in blockchain innovation rather than watching talent and capital drain to emerging economies.\u201d<\/p>\n<p>Several companies, including <a href=\"https:\/\/coinjournal.net\/news\/bitwise-expands-into-europe-with-acquisition-of-etc-group\/\">Bitwise<\/a>, Coinbase, and <a href=\"https:\/\/coinjournal.net\/news\/ferrari-to-extend-crypto-payment-scheme-to-europe-following-us-launch\/\">Ferrari<\/a> are already expanding their services into Europe. With a lack of clear crypto regulations, the crypto industry isn\u2019t reaching its full potential in the US.<\/p>\n<p>Under a Trump administration that could soon change.<\/p>\n<p>\u201cIt\u2019s unclear how closely the administration intends to match international frameworks such as the EU\u2019s MiCA with its regulatory plans,\u201d said Temujin Louie, CEO of Wanchain to CoinJournal. \u201cBy closely monitoring the administration\u2019s policies and adapting accordingly, the blockchain industry can remain focused on developing innovative solutions that promote the mainstream adoption of blockchain technology.\u201d<\/p>\n<h2>Market sentiment<\/h2>\n<p>Since winning the US election in November, Trump has helped pushed market prices to new highs. In December, Bitcoin reached an all-time high of over $108,000. However, while some think <a href=\"https:\/\/coinjournal.net\/news\/post-halving-2024-market-is-pushing-bitcoins-price-not-just-trump-says-onramp-bitcoin-co-founder\/\">Trump isn\u2019t the only reason Bitcoin\u2019s is rising<\/a>, it\u2019s certainly helping.<\/p>\n<p>Speaking about this to CoinJournal, James Toledano, COO of Unity Wallet, said that \u201cBitcoin\u2019s price ahead of inauguration day hinges on a mix of market sentiment and speculative optimism,\u201d adding that \u201cthe real drivers of Bitcoin\u2019s price include adoption, regulation, and macroeconomic factors.\u201d<\/p>\n<p>Earlier last week, it was reported that bleak economic expectations were driving the bearish sentiment within the crypto market. At the time, <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-drop-caused-by-profit-taking-and-macroeconomic-conditions\/\">Bitcoin had dropped below $90,000<\/a> as Trump\u2019s tariff plans, the US Federal Reserve\u2019s cautious approach to interest rate cuts, and a strong dollar dampened crypto enthusiasm.<\/p>\n<p>According to Toledano, following Trump\u2019s inauguration, the rise of Bitcoin will be shaped by institutional adoption, increased regulatory clarity, and broader macroeconomic and geopolitical trends.<\/p>\n<p>At the same time, \u201cas pro-Bitcoin as Trump is, some other major geopolitical or macroeconomic event could knock 40%-50% off the value overnight and we\u2019ve seen this before,\u201d said Toledano.<\/p>\n<p>Despite this, many are hopeful that positive changes are ahead.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-industry-hopes-rise-as-donald-trump-enters-the-white-house\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) A new era is set for the industry with the appointment of crypto-friendly candidates such as Paul Atkins It remains to be seen whether the US will match similar regulatory frameworks like Europe\u2019s MiCA The rise of Bitcoin will be shaped [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":45665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/45664"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=45664"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/45664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/45665"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=45664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=45664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=45664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}