In preparation for the upcoming Trump inauguration ceremony for the United States on January 20, MetaEra has launched a special feature called “Trump Inauguration,” which will provide full coverage of the 47th U.S. presidential inauguration.
Trump's grand inauguration in Washington, D.C., marked the beginning of a new era, not only for American citizens, but also for international investors and tech professionals who closely follow changes in U.S. policy. The ceremony was more than a celebration, it was a signal - it foreshadowed a series of reforms to come, especially for the emerging cryptocurrency industry. With President Trump officially inaugurated on January 20, 2025, the world's eyes are on how this unconventional politician will deliver on the ten new cryptocurrency policies he promised during his campaign.
The top ten new cryptocurrency policies mainly include:
● Make the United States the global capital of cryptocurrency
Trump promised that if re-elected, he would work to develop the United States into a global cryptocurrency center and support the development of emerging industries such as cryptocurrency and artificial intelligence.
●Stop suppressing the crypto industry within one hour of taking office
Promise to end the current government's "illegal suppression" of the cryptocurrency industry and protect the rights to Bitcoin mining and trading.
●Prevent the US government from further developing CBDC
Trump opposes the U.S. government’s further development of a central bank digital currency (CBDC), arguing that it would restrict individual freedoms.
●Build a strategic Bitcoin reserve
Trump plans to establish a national Bitcoin reserve to make Bitcoin one of the strategic assets of the United States.
● Fire SEC Chairman Gary Gensler
He said that if elected, he would immediately fire the current chairman of the U.S. Securities and Exchange Commission (SEC) to relax regulation of the crypto industry.
● Prevent the U.S. from selling its Bitcoin holdings
He promised not to sell the bitcoins held by the U.S. government, ensuring those assets continue to serve the country.
●Suggest using cryptocurrency to solve US debt problem
Trump suggested using cryptocurrency to deal with the U.S. debt crisis, seeing it as an innovative solution.
●Propose a comprehensive encryption policy
He plans to develop a comprehensive cryptocurrency policy covering aspects such as stablecoin regulation and user self-custody rights.
●Cryptocurrency Advisory Committee established
Trump plans to set up a special advisory committee to develop transparent regulatory guidelines and support the development of the crypto industry.
Reduce the sentence of Silk Road founder Ross Ulbricht
He promised that if elected, he would consider commuting the sentence of Ulbricht, who was convicted in the Silk Road incident.
Difficulty and impact of implementing the ten new policies
Among the 10 new cryptocurrency policies, the most difficult ones to achieve are "making the United States the global cryptocurrency capital" and "stopping the suppression of the crypto industry within one hour of taking office." "Making the United States the global cryptocurrency capital" is not just a loud slogan for Trump. The potential conflict lies in challenging traditional financial institutions and global economic policies. Creating a cryptocurrency-friendly environment that attracts businesses and talents requires a certain amount of time and space, involving tax incentives, simplified regulatory processes, and many other aspects. This is a heavy task for Trump.
"Stop suppressing the crypto industry within an hour of taking office" sounds more like a cool article shouted for more votes, and it is a lip service to the crypto industry. If we don't dwell on the time dimension of one hour in office, Trump has made further moves in the direction of appointing a new SEC chairman, clarifying regulatory powers and responsibilities, and relaxing administrative supervision, and it can indeed be implemented soon.
The easiest executive move is to reduce the sentence of Ross Ulbricht, the founder of the Silk Road. Trump can easily do this through presidential pardons and policy commitments, but this will greatly reflect the importance of liberal values in the cryptocurrency market community and will also attract more people to pay attention to cryptocurrencies and the crypto industry.
In addition, “firing the SEC chairman” means a change in the SEC’s leadership, which could bring a more innovative regulatory environment. If the proposal to “establish a strategic Bitcoin reserve” comes true, it will be an unprecedented move, indicating that the government is willing to directly participate in the digital asset market.
New expectations for Trump's inauguration
Although the specific details have yet to be revealed, it is certain that Trump’s official inauguration will inevitably lead to an increase in the price of Bitcoin and other mainstream cryptocurrencies in the short term, but the long-term trend will still depend on factors such as the actual implementation of policies and market confidence.
In the next four years, we will witness profound changes in the cryptocurrency ecosystem in the United States and around the world. This is an exciting and challenging era for all those who are interested in this field.
