Trump’s inauguration raises new expectations: Can the top ten cryptocurrency new policies be fulfilled?

In order to prepare for the upcoming inauguration of Trump as President of the United States on January 20, MetaEra has launched the "Trump Inauguration" special feature, which will cover the entire 47th Inauguration of the President of the United States.

Trump’s grand inauguration ceremony in Washington, D.C., marked the beginning of a new era, not only for American citizens, but also for international investors and technology figures who are closely watching changes in U.S. policy. The ceremony was more than just a celebration, it was a signal of a series of reforms to come, especially for the emerging cryptocurrency industry. With President Trump officially taking office on January 20, 2025, global attention is focused on how this unconventional political figure will fulfill the top ten cryptocurrency new policies he promised during his campaign.

The top ten cryptocurrency new policies mainly include:

●Make the United States the global cryptocurrency capital

Trump promised that if re-elected, he would work to develop the United States into a global center for cryptocurrency and support the development of emerging industries such as cryptocurrency and artificial intelligence.

●Stop suppressing the encryption industry within one hour of taking office

Promises to end the current government’s “unlawful suppression” of the cryptocurrency industry and protect the rights to mine and trade Bitcoin.

●Prevent the U.S. government from further developing CBDC

Trump opposes the U.S. government’s further development of a central bank digital currency (CBDC), arguing that it would restrict individual freedoms.

●Build a strategic Bitcoin reserve

Trump plans to establish a national Bitcoin reserve and make Bitcoin one of the strategic assets of the United States.

●Fire SEC Chairman Gary Gensler

He said that if elected, he would immediately fire the current chairman of the U.S. Securities and Exchange Commission (SEC) to relax regulations on the encryption industry.

●Prevent the United States from selling its Bitcoin holdings

He promised not to sell Bitcoin held by the U.S. government and ensure that these assets continue to serve the country.

●Proposal to use cryptocurrency to solve US debt problem

Trump has suggested using cryptocurrencies as an innovative solution to the U.S. debt crisis.

●Propose a comprehensive encryption policy

He plans to develop a comprehensive cryptocurrency policy that covers aspects such as stablecoin regulation and user self-custody rights.

●Establishment of Cryptocurrency Advisory Committee

Trump plans to establish a special advisory committee to develop transparent regulatory guidelines and support the development of the encryption industry.

●Reduce the sentence of Ross Ulbricht, the founder of “Silk Road”

He promised that if elected, he would consider reducing the sentence of Ulbricht, who was sentenced for the "Silk Road" incident.

Difficulty and impact of the implementation of the top ten new policies

Among the 10 new cryptocurrency policies, the most difficult ones to implement are "making the United States the global capital of cryptocurrency" and "stopping the suppression of the encryption industry within one hour of taking office." "Make the United States the global cryptocurrency capital" is not a loud slogan for Trump. The potential conflict lies in challenging traditional financial institutions and global economic policies to create a cryptocurrency-friendly environment that attracts businesses and talents. It requires a certain amount of time and space and involves many aspects such as tax incentives and simplified regulatory processes. This is a heavy task for Trump.

"Stop suppressing the encryption industry within one hour of taking office" sounds more like a cool message to get more votes, and it is a slogan for the encryption industry. If we don’t worry about the time dimension of one hour after taking office, Trump has made further moves in the direction of appointing a new SEC chairman, clarifying regulatory powers and responsibilities, and relaxing administrative supervision, and they can indeed be implemented very quickly.

The most difficult administrative task is to reduce the sentence of Ross Ulbricht, the founder of the "Silk Road". With presidential pardons and policy commitments, Trump can easily do this, but this can greatly The importance of embodying the liberal values ​​of the cryptocurrency market community will also make more people pay attention to cryptocurrency and the crypto industry.

In addition, "firing the SEC chairman" means a change in SEC leadership, which may bring about a regulatory atmosphere more conducive to innovation. The proposal to “establish a strategic Bitcoin reserve,” if it comes to fruition, would be an unprecedented move that demonstrates the government’s willingness to directly participate in the digital asset market.

New expectations for Trump's inauguration

Although the specific details have yet to be announced, it is certain that Trump’s official inauguration will inevitably lead to an increase in the price of Bitcoin and other mainstream cryptocurrencies in the short term. However, the long-term trend still depends on the actual policy implementation and the market. factors such as confidence.

Over the next four years, we will witness profound changes in the cryptocurrency ecosystem in the United States and around the world. This is an exciting and challenging time for all those involved in the industry.