In a report on Monday, Bitcoin financial services and infrastructure firm NYDIG explained how Trump’s support for Bitcoin, including the Bitcoin Reserve proposal and expected leadership changes at key regulatory agencies, could strengthen the position of digital assets. The report explores potential changes in leadership at agencies such as the Securities and Exchange Commission (SEC), the Options Clearing Corporation (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Treasury Department that could reduce restrictions on digital assets.
NYDIG’s analysis highlights Trump’s support for the proposed U.S. Bitcoin Reserve, which suggests federal policy is shifting toward digital assets. The report notes that Trump’s plan includes using confiscated Bitcoin for strategic reserves, although it acknowledges potential legal obstacles.
NYDIG notes that legislative proposals such as the Financial Innovation and Technology (FIT21) Act and stablecoin regulations could gain support under the new administration.
While immediate legislative action is unlikely, the report highlights a trend toward regulatory openness.
Additionally, the analysis suggests that the SEC may seek to settle or even drop certain cases against cryptocurrency companies, including Ripple Labs, Coinbase, and Binance, and may reconsider Wells notices issued to companies such as Uniswap, Consensys, and Crypto.com.
The report states: "While some investors have allocated to Bitcoin, the most common allocation remains zero. There is no excuse now. Not only is the asset accessible through easily accessible, well-regulated products such as ETFs, it is now becoming a political necessity."
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