The recent US elections saw crypto move from the fringes to the heart of the electoral stage, with the crypto community becoming a key demographic courted by candidates. RFK Jr. positioned himself as a crypto ally, while Kamala Harris largely bypassed the crypto debate. Surprisingly, Donald Trump, who had previously labeled crypto as a "scam," emerged as a "crypto president," rebranding himself as a supporter of Satoshi's vision. Many crypto leaders celebrated Trump's win, and his promises include forming a crypto advisory committee, halting the sale of Bitcoin held by the government, replacing SEC Chairman Gary Gensler, creating a favorable environment for crypto mining, and implementing Fed rate cuts. The election's impact also extends beyond the Oval Office, with pro-crypto members of Congress shaping crypto policy. Overall, the crypto industry can expect deregulation, lower taxes, a new SEC leader supportive of clear regulation, potential approval for crypto ETFs beyond BTC and ETH, and the possibility of devolving federal authority to states. However, the broader goals and potential isolationist policies of the Trump administration may clash with crypto's interests, and not all promises may be kept. The crypto community should temper its expectations.



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