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Electing Crypto Series: Trump’s First 100 Days—The High-Roller Crypto Bet

Electing Crypto Series: Trump’s First 100 Days—The High-Roller Crypto Bet
The crypto industry is becoming a major focus in Washington as President Donald Trump enters his second term. Trump pledged to make the United States the "crypto capital of the world," and the industry is seeking to influence policy and regulation under the new administration. Legislation such as the Stablecoin bill is expected to gain bipartisan support, but the ultimate fate of federal stablecoin legislation is uncertain. Trump signed an executive order on digital assets, which sets forth a pro-crypto framework but lacks immediate regulatory enforcement. There are also discussions about the potential creation of a U.S. Strategic Bitcoin Reserve. Concerns about volatility and monetary policy implications surround this proposal. Trump's appointment of Paul Atkins as Chairman of the SEC signals a shift in approach to enforcement. The establishment of a U.S. sovereign wealth fund raises constitutional concerns. Overall, the first 100 days of Trump's second term have put crypto at the center of American politics, but the industry's future still depends on Congress delivering meaningful legislation.

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