Trump and crypto: A fruitful marriage? The details that could change everything

Donald Trump's return to the presidency could transform the future of cryptos in the United States, as this re-election generates both hope and trepidation. Some players in the sector see this as an opportunity for more favorable regulation, while others question the real intentions of the future administration. Indeed, while the United States holds a preponderant place in the development of crypto, Trump's policy on this sector could redefine standards and influence the price of assets, notably Bitcoin.

Towards more flexible regulation?

In this context, several observers believe that the new Trump administration could well adopt a more flexible approach to crypto regulation. “Trump’s victory is a decisive change for the crypto industry in the United States, but also internationally,” precise Boris Bohrer-Bilowitzki, CEO of Concordium. He adds that the future president could curb the bureaucratic policies that have so far hampered the development of crypto businesses and these assets. The Republican presence in Congress, coupled with the prospect of a more favorable nomination to head the SEC, could accelerate this dynamic.

Speculation is rife regarding a reshuffle at the head of the SEC, currently led by Gary Gensler, a controversial figure in the crypto world. It is envisaged that Trump, upon taking office, will replace Gensler with a personality more open to digital innovation, such as Hester Pierce or Mark Uyeda, already members of the commission. This review could open the way for long-stalled initiatives, including the establishment of specific frameworks for stablecoins and crypto ETFs, which promises a new era for companies in the sector in the United States.

The challenges and uncertainties of the Trump approach

However, despite this optimism, many observers point to the uncertainties of a Trump presidency, particularly with regard to the protection of individual investors. As Timothy Massad, former chairman of the Commodity Futures Trading Commission, explains, “there is a risk that this approach will mainly favor speculators and leave retail investors in uncertainty.” Indeed, the elected president could favor rapid growth of the crypto market, without putting in place sufficient guarantees to protect individuals against the risks of speculative bubbles.

The issue also extends internationally, where Trump could see cryptos as a strategic tool against powers such as China. Thus, competition with China in the field of blockchain technologies and cryptos could become a central axis of American policy, as Trump wants to position the United States as a world leader in this area. This geopolitical positioning could have repercussions on regulation, with measures aimed at attracting crypto companies and encouraging the adoption of digital solutions.

The arrival of Trump at the White House therefore leads to contrasting prospects for the crypto industry. While a more permissive framework could encourage innovation and adoption, risk management and investor protection remain critical points for the sector. In a context of geopolitical rivalries, the American approach to crypto regulation will undoubtedly influence the evolution of the global market. It remains to be seen whether Trump's ambitions will translate into concrete actions, meeting the expectations of an industry seeking stability and recognition.