#Trump100Days Donald Trump's government is expected to significantly impact the crypto market in its first 100 days. Here are some potential developments:
. Crypto-Friendly Administration: Trump has appointed a pro-crypto Vice President-elect, JD Vance, and nominated Paul Atkins, a crypto advocate, as SEC chairman. This could lead to more favorable regulations for the crypto industry.
. Regulatory Clarity: The Trump administration is expected to provide clear guidelines on digital asset policy, which could encourage innovation and protect consumers. A unified framework for digital assets and stablecoin oversight are likely to be key areas of focus.
. Blockchain Intelligence: The administration may leverage blockchain intelligence to combat illicit finance and national security threats. This could involve expanding partnerships between government agencies and blockchain intelligence firms.
. Stablecoin Dominance: Dollar-backed stablecoins could play a crucial role in strengthening the US dollar's dominance in the digital economy. Clear regulatory standards would enable their growth while reducing risks of misuse for illicit finance.
. Market Impact: Analysts predict that Trump's policies could drive the crypto market up, with some expecting Bitcoin to reach $80,000 to $90,000. XRP has already rallied 238.4% in 2024, logging its best yearly performance since 2021.