Crypto Industry Pushes for Major Policy Shift After Trump Victory

Nov 14 – Following Donald Trump’s victory in the U.S. presidential election, the cryptocurrency industry is pushing for a sweeping overhaul of policies to support the growth and adoption of digital assets.

With Trump’s win and a projected Republican sweep in Congress, crypto executives are optimistic about the prospect of a cryptocurrency-friendly regulatory environment. Trump, who campaigned on being a “crypto president,” had already signaled support for the industry during his campaign. Now, with a solid mandate, industry leaders are pushing for policies that could reshape the future of digital currencies.

The crypto industry, which had been anticipating a more favorable stance under a new administration, now sees an opportunity to introduce regulations that could foster wider adoption and encourage investment in digital assets. Executives are considering who would be best positioned to drive these changes and help create a more open and supportive framework for cryptocurrencies.

The growing optimism in the crypto space comes at a time when the market has already demonstrated increasing mainstream interest, and many see the new political landscape as an opportunity to push for long-awaited reforms.(By Reuters)