Will Trump’s pro-encryption policies survive after his term ends?

Author: Vince Quill, CoinTelegraph; Compiler: Deng Tong, Golden Finance

The inauguration of U.S. President-elect Trump on January 20 has excited cryptocurrency industry executives who are looking forward to supporting cryptocurrency policy.

However, sources note that these policies may or may not survive the end of his administration, depending on the balance of power in Washington, D.C.

Adam O'Brien, founder and CEO of Bitcoin Well, a financial services company focused on Bitcoin, said that if incoming Vice President JD Vance succeeds Trump as president in 2029, Trump will Trump’s pro-cryptocurrency policies are here to stay. "If we see Vance in the next election, then I think every policy Trump implements will have staying power because Vance will probably be involved in almost all of those decisions and agree with most of them," O'Brien said. "

The CEO added that Trump’s pro-cryptocurrency policies could be in jeopardy if Democrats regain control of Congress and the presidency in the next election cycle.

This is especially true for policies enacted through executive orders, which are more likely to be overturned by successors than policies enacted through Congress.

Trump delivers a keynote speech at the Bitcoin 2024 conference in Nashville.

Legislative gridlock and the US midterm elections

Joe Doll, general counsel at NFT marketplace Magic Eden, recently pointed out that the Trump administration may only have 24 months to enact policies that support cryptocurrencies.

The lawyer said the Republican majority in the House of Representatives is almost certain to flip to Democratic control in the 2026 midterm elections.

Former House Speaker Paul Ryan took the stage at the North American Blockchain Summit in Texas on November 20 to call for bipartisan cooperation on cryptocurrency regulation.

The former congressman said that at least 60 votes would be needed to pass cryptocurrency policy reform, reminding viewers that Republicans hold a slim majority of only four seats in the House of Representatives.

Current party distribution in the U.S. House of Representatives. Source: U.S. House of Representatives

Ryan also urged President-elect Trump not to further weaken the Republican majority by picking House representatives to join his cabinet.

Representatives in the U.S. House of Representatives must give up their seats in Congress to accept executive branch positions and must be replaced according to the state's rules.

However, Lee Bratcher, chairman of the Texas Blockchain Council, believes that political representatives are less likely to turn against the cryptocurrency industry amid pressure from industry advocacy groups following the 2024 election results. Much more.

“The last election cycle was so sweeping and overwhelming, it would be pretty foolish for members of Congress to risk speaking out against cryptocurrencies,” Bratcher said.