Author: Meta Era
To welcome the upcoming Trump inauguration ceremony on January 20, MetaEra has launched a "Trump Inauguration Ceremony" special topic, which will provide comprehensive coverage of the 47th US Presidential Inauguration Ceremony.
The grand inauguration ceremony held in Washington, D.C. marks the beginning of a new era, not only for American citizens, but also for international investors and tech professionals who are closely following changes in US policies. This ceremony is not only a celebration, but also a signal - it portends a series of upcoming reform measures, especially targeting the emerging cryptocurrency industry. With the official inauguration of President Trump on January 20, 2025, the global spotlight is focused on how this unconventional political figure will fulfill his campaign promise of the 10 new cryptocurrency policies.
The 10 new cryptocurrency policies mainly include:
Making the US the global cryptocurrency capital
Trump has promised that if re-elected, he will strive to develop the US into the global center of cryptocurrencies, supporting the development of emerging industries such as cryptocurrencies and artificial intelligence.
Stopping the crackdown on the cryptocurrency industry within one hour of taking office
He has promised to end the "illegal crackdown" of the current administration on the cryptocurrency industry, and protect the rights of Bitcoin mining and trading.
Preventing the US government from further developing CBDC
Trump opposes the US government's further development of central bank digital currency (CBDC), believing that this will restrict personal freedom.
Establishing a strategic Bitcoin reserve
Trump plans to establish a national-level Bitcoin reserve, making Bitcoin one of the US's strategic assets.
Firing SEC Chairman Gary Gensler
He stated that if elected, he will immediately dismiss the current Chairman of the US Securities and Exchange Commission (SEC) to relax regulation of the cryptocurrency industry.
Preventing the US from selling its Bitcoin holdings
He has promised not to sell the Bitcoin held by the US government, ensuring that these assets continue to serve the country.
Suggesting the use of cryptocurrencies to solve the US debt problem
Trump suggests using cryptocurrencies to address the US debt crisis, believing this to be an innovative solution.
Proposing a comprehensive cryptocurrency policy
He plans to develop a comprehensive cryptocurrency policy covering areas such as stablecoin regulation and user self-custody rights.
Establishing a Cryptocurrency Advisory Council
Trump plans to establish a dedicated advisory council to formulate transparent regulatory policies and support the development of the cryptocurrency industry.
Reducing the sentence of "Silk Road" founder Ross Ulbricht
He has promised that if elected, he will consider reducing the sentence of Ulbricht, who was convicted in the "Silk Road" incident.
The difficulty and impact of implementing the 10 new policies
Among the 10 new cryptocurrency policies, the most difficult to achieve are "Making the US the global cryptocurrency capital" and "Stopping the crackdown on the cryptocurrency industry within one hour of taking office". "Making the US the global cryptocurrency capital" is not just a catchy slogan for Trump, as the potential conflict lies in challenging traditional financial institutions and global economic policies. Creating a cryptocurrency-friendly environment that attracts businesses and talents requires time and space, involving tax incentives, simplified regulatory processes, and other aspects - a daunting task for Trump.
"Stopping the crackdown on the cryptocurrency industry within one hour of taking office" sounds more like a populist slogan aimed at garnering more votes, and is just empty rhetoric towards the cryptocurrency industry. If we don't get caught up in the one-hour time dimension, Trump has taken further actions in the direction of appointing a new SEC chairman, clarifying regulatory responsibilities, and relaxing administrative supervision, which can indeed be implemented quickly.
The easiest administrative task is to reduce the sentence of "Silk Road" founder Ross Ulbricht. Through presidential pardon and policy commitments, Trump can easily accomplish this, but it will greatly reflect the importance of the libertarian values of the cryptocurrency community and will also make more people pay attention to cryptocurrencies and the cryptocurrency industry.
Furthermore, "Firing the SEC Chairman" implies a change in SEC leadership, which may bring a more innovation-friendly regulatory environment. The proposal to "Establish a strategic Bitcoin reserve" would be an unprecedented move, indicating the government's willingness to directly participate in the digital asset market.
New expectations for the Trump inauguration ceremony
Although the specific details are yet to be revealed, it can be certain that Trump's official inauguration will likely lead to a short-term rise in the prices of Bitcoin and other major cryptocurrencies, but the long-term trend will still depend on the actual policy implementation and market confidence.
Over the next four years, we will witness a profound transformation of the cryptocurrency ecosystem in the US and globally. For all industry players focused on this field, this is an exciting and challenging era.
