Crypto execs see clear path for U.S. to pass regulation this year as Trump fuels market hype

Published On Jan 23, 2025, 1:15 AM

CEOs of major cryptocurrency companies like Coinbase, Binance, and Circle believe that with the return of Donald Trump to the White House, the U.S. is more likely to pass comprehensive crypto regulations. The SEC has initiated a 'crypto task force' to develop clear rules for the cryptocurrency market. This optimism stems from a less aggressive regulatory approach anticipated under Trump compared to the previous administration. Industry leaders express that a clearer regulatory framework will support the growth of digital assets, and they are expecting significant developments, including potential legislation on stablecoins. Bitcoin has already surged to trade above $104,000 amid these expectations, indicating strong market sentiment for crypto assets under a Trump leadership.