Some interesting speculations that are trending regarding Donald Trump’s pro-crypto policies:😎
1️⃣There is speculation that Trump may create a national reserve for crypto, including $BTC
and $SOL
to improve the US’s position in the global digital economy. This is thought to provide validation and increase the value of these assets.
2️⃣Many posts have suggested that Trump will fire SEC Chairman Gary Gensler on his first day in office due to his perceived tough stance on the crypto industry. His replacement may be more crypto-friendly, such as “Crypto Mom” Hester Peirce or former SEC Commissioner Jay Clayton.
3️⃣Another speculation is that Trump will adopt a deregulatory policy that will create a more conducive environment for crypto innovation, perhaps by repealing or amending regulations deemed stifling, such as SAB 121.
There is hope that Trump’s pro-crypto stance will help speed up the approval of crypto ETFs, especially for assets like XRP and Solana.
4️⃣Some posts have suggested that Trump may form a crypto advisory board to guide policy and regulation, bringing together views from both industry and government.
5️⃣Speculation about reducing capital gains taxes on crypto assets or even eliminating taxes on crypto traded in the US has also been a hot topic.
✨️Crypto Use in Government speculates that Trump may use crypto or blockchain for government initiatives, such as voting or aid distribution.