The inauguration of Donald Trump as the 47th U.S. president is expected to bring positive changes for the cryptocurrency industry, according to Wormhole Foundation general counsel Cathy Yoon. Yoon believes that Trump's campaign promises and the selection of crypto advocates for key positions in his administration indicate a major opportunity for Bitcoin and the broader crypto industry. Yoon anticipates that the industry will no longer face the negative consequences of regulation-by-enforcement, which has been a central grievance of the sector in recent years. Under Trump's administration, Yoon expects a more collaborative and constructive environment for the industry, with the potential for regulatory clarity and the development of a regulatory sandbox. Overall, this bullish take on Trump's presidency aligns with his embrace of crypto during his campaign and his promises to end the SEC's war on crypto.



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