30s Summary

The crypto community is excited about Donald Trump’s recent presidential win due to the expectation for friendlier cryptocurrency regulations. Fintopio CEO, Steve Milton, suggested that the current SEC chairman, Gary Gensler, might be replaced with a more pro-crypto individual, such as Robonhood’s legal head, Dan Gallagher. There is also hope Trump will reduce government interference in cryptocurrency. Nansen analyst, Edward Wilson, also suggested the win might lead to more crypto-based ETFs. These speculations suggest the crypto industry could see significant growth over the next four years.

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Looks like cryptocurrency fans are in for a treat with Donald Trump’s victory in the presidential race! The crypto clan is super stoked because they’re expecting friendlier regulations for the next four years till 2028.

According to Steve Milton, CEO of the decentralized finance app Fintopio and ex-global vice prezzie of marketing at Binance, the win might also bring in some much-needed changes in the US Securities and Exchange Commission (SEC). He threw out a guess that kind of shook us a bit – the current big shot of the SEC, Gary Gensler, might get replaced with a pro-crypto fellow like Robonhood’s legal head, Dan Gallagher. Just imagine the possibilities!

Guess what else the Trump administration might bring to the table? Milton hinted at lesser government nose-poking in the crypto world. As Trump’s always been vocal about reducing government interference in people’s lives, he’s been all for crypto.

Trump’s win is really a big deal for US crypto rules. Pair it up with the Republicans controlling the US Senate, and it’s fireworks! This is a pretty hefty achievement for the US crypto game, says Anastasija Plotnikova, CEO of Fideum, a firm working on regulations and blockchain infrastructure.

Better harmonized crypto rules can spur innovation, increase competition and might even convince the crypto talent to return back home. The US crypto industry had been working hard towards this goal for a really long time, so it’s about time their dreams came true.

You might have heard about exchange-traded products (ETFs), they’re super popular in the crypto world. Now here’s the kicker, some are hoping that Trump’s victory could give rise to more crypto-based ETFs. Heck, the first staked Ether (ETH) ETF might even come up, says Nansen analyst Edward Wilson.

This would be super cool because it would show off the benefits of ETH as an asset. If it happens, ETH is up for an awesome run! Though Charles d’Haussy, CEO of the dYdX Foundation, believes that Europe might beat the US in launching the first Ether staking ETF. We’ll just have to wait and see how this drama unfolds.