A new Trump administration may boost crypto, but the devil is in the details 

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: 

“I expect that he will do this by taking a lighter stance on the regulation of crypto, ensuring that bureaucratic policies do not slow down the progress of America’s crypto and digital assets companies.”

“The next 4 to 6 years could be highly favorable for the digital assets sector,” Chiente Hsu, co-founder of ALEXGO, a Bitcoin bridge, said in a statement made available to Cointelegraph. “We can anticipate growth in crypto-focused ETFs (exchange-traded funds) and derivatives, along with a likely decrease in regulatory lawsuits targeting the crypto industry.”

Recent: Meet the pro-crypto contenders who could replace SEC chief Gary Gensler

Still, there are potential downsides, even as the president-elect pledges to make the United States the “crypto capital of the planet.”

Will a second Trump administration “create rules and policies that encourage technology in a way that leads to useful innovation?” asked Timothy Massad, former chairman of the US Commodity Futures Trading Commission and now a research fellow at the Kennedy School of Government at Harvard University, in an interview with Cointelegraph.

Or, on the contrary, will the new administration establish rules that only…

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