Crypto executives are optimistic about US crypto laws under Trump; industry poised for progress

From CNBC: 2025-01-23 01:15:18

Cryptocurrency CEOs are optimistic about federal rules in the U.S. under a Trump administration. The SEC launched a “crypto task force” to develop clear regulations. Armstrong of Coinbase sees regulatory clarity as a top priority. Binance CEO Teng anticipates clearer regulations and a new crypto industry all-time high.

Binance CEO Teng expects the U.S. to establish a strategic bitcoin reserve as Trump suggested. Circle CEO Allaire believes central banks should hold reserves in bitcoin. Stablecoin laws are expected to progress under the new administration, with bipartisan support for digital tokens like USDC. The industry is poised for rapid progress in rulemaking and policy development.

Read more: Crypto execs see US passing crypto laws this year under Trump