NYDIG head: Trump inauguration looms, and delivering on crypto promises may “take some time”

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ODAILY
01-13
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Odaily Odaily report: In a recent research report, Greg Cipolaro, global research director of NYDIG, said that even if Trump takes office on January 20, he will "also be cautiously optimistic about the prospect of immediate changes in cryptocurrency policy." He said the inauguration ceremony has brought new hope for the new government to fulfill many of its campaign promises, and added that "many promises can be realized quickly, but some promises may take some time." Cipolaro said: "The new government still needs to appoint key officials, and the appointed officials need to go through the confirmation process, and after confirmation, they need to assemble their staff." Other important cryptocurrency legislation, such as the FIT21 bill passed in the House of Representatives in May last year and stablecoin legislation, "may take some time to pass," as conservative and free-market legislators "may be less willing to compromise on certain issues as they were when the liberals controlled the Senate." Cipolaro believes that "the implementation of these initiatives may be a priority, while geopolitical conflicts, budgets and debt ceilings, global trade and tariffs, and immigration issues may be more pressing."

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