#Trump ’s Inauguration Could Bring Cryptocurrency a Golden Age, Industry Hopes

Trump’s election victory and Republicans taking control of Congress could lead to lighter regulations and broader acceptance of cryptocurrencies.

Experts warn that broader adoption and lighter regulations could increase risks for investors.

Donald Trump’s election victory and Republicans taking control of Congress could be paving the way for what many in the industry say is a golden age of lighter regulations and broader acceptance.

What Happened: The cryptocurrency industry, which feels humiliated under the Biden administration, is looking for a more hands-off approach to digital currencies, The Financial Times reported on Thursday.

Industry insiders and people close to the president-elect are optimistic about Bitcoin’s future

Speaking at the Bitcoin Mena 2024 conference in Abu Dhabi in December, Eric Trump assured the audience that his father would keep his promise to be “the most pro-crypto president ever.”

“I’ve seen them come after you. I’ve seen them rob your bank accounts,” he said, drawing parallels between the crypto industry and the Trump family.

President-elect Trump has vowed to build a strategic Bitcoin stockpile and establish a crypto advisory board.

Industry executives celebrated his nomination of Paul Atkins, a pro-crypto businessman, to lead the Securities and Exchange Commission.

$BTC Bitcoin’s post-election rally above $100,000 added to the optimism.