The next four years should be ‘highly favorable’ to the digital assets sector, but thoughtful legislation will be critical.
A second Trump administration is likely to elevate the crypto sector — both in the United States and overseas — informed market observers told Cointelegraph in the aftermath of the Nov. 5 presidential election.
It raises the odds for digital asset market structure legislation, and will probably bring along a stablecoin payment act as well. Republicans will hold a majority in the Senate and probably the House of Representatives. Trump will undoubtedly appoint a crypto-friendly Securities and Exchange Commission chair, possibly on “day one” of the new administration. Gary Gensler, a bete noire of the crypto industry, now holds the critical SEC position.
“I believe that Donald Trump’s second White House win is a defining moment for the crypto industry not just in the US but globally,” Boris Bohrer-Bilowitzki, CEO at Concordium, a layer-1 blockchain with offices in the UK and Europe, told Cointelegraph, adding:
