From Nasdaq:

As the presidential election approaches and Donald Trump emerges as a potential Republican nominee, experts are speculating on how his policies could impact the crypto industry. Despite past anti-crypto sentiments, recent reports suggest Trump may be more aligned with digital assets, potentially signaling a positive shift for crypto enthusiasts.

Analysts, like Frank Corva, are cautious about Trump’s changing stance, pointing out his history of contradicting statements. While Trump’s VP pick, Vivek Ramaswamy, appears more supportive of crypto, experts advise taking a wait-and-see approach to assess Trump’s true intentions regarding the industry.

Proponents believe a second Trump presidency could benefit crypto by promoting deregulation efforts compared to the current administration’s restrictive approach. Trump’s personal involvement in the digital assets space, including NFTs and significant Ether holdings, further suggests a potential boon for crypto under his leadership.

Republicans are already drafting legislation favorable to digital assets, signaling growing support within the party for the industry. While Trump has previously criticized cryptocurrency, he has shown support for Distributed Ledger Technology (DLT) and blockchain’s potential cybersecurity benefits, indicating a possible shift in attitude towards crypto assets.

In contrast, the Biden administration’s cautious approach to crypto regulation and investigations into major exchanges have cast a shadow over the industry. Experts believe a second Trump administration would need to work hard to undo the negative perceptions left by the current administration and regain trust from the crypto community. Time will tell how Trump’s presidency could impact the future of digital assets and blockchain technology.



Read more at Nasdaq: Experts Explain: Would a Trump Presidency Be Good for Crypto?