The crypto industry is moving swiftly to shape a pro-digital-asset agenda, anticipating a cryptocurrency-friendly direction under President-elect Donald Trump. Trump’s decisive win, paired with a projected Republican sweep of Congress, is spurring optimism among industry leaders that meaningful policy shifts are within reach.
Trump’s campaign, which rallied crypto supporters by vowing to be a “crypto president,” now has a clear mandate to deliver. With new leadership in key regulatory positions, the industry is pushing for practical changes to remove barriers, secure banking access for crypto firms, and prioritize crypto-friendly candidates for roles such as SEC chair.
“We’ve had an administration that’s been very restrictive,” said Mike Belshe, CEO of BitGo, who hosted a Trump fundraiser earlier this year. “Voters signaled a clear desire to break the gridlock and unlock progress.”
Bitcoin surged past US$90,000 on Wednesday, with market optimism fueling predictions that it could soon hit US$100,000. Key policies, such as pro-crypto appointees and possible executive orders supporting crypto firms’ access to traditional finance, could come quickly, though a comprehensive regulatory framework may take longer to establish.
In another pledge, Trump promised to establish a US crypto advisory council, which could offer guidance for advancing the sector. “Everyone in Washington is asking who will lead these agencies,” noted Kara Calvert, head of US policy at Coinbase. “It’s crucial for companies like Coinbase—and for startups—to have a voice in these decisions.”
Additionally, the industry expects a supportive shift in banking relationships under Trump’s bank regulators, as many crypto firms currently face challenges finding reliable partners. “Pressure on banks regarding crypto could ease, especially if an executive order is issued,” added Kristin Smith, CEO of the Blockchain Association.
With a GOP majority in the House, new crypto-friendly legislation is also on the table, with spending bills and other must-pass legislation offering potential pathways. “This Congress is set to be the most pro-crypto in history,” Calvert said.
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