To welcome the upcoming Trump inauguration ceremony on January 20, MetaEra has launched a special feature called "Trump Inauguration", which will cover the 47th Presidential Inauguration.
Trump's grand inauguration in Washington, DC 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. The ceremony is not only a celebration, but also a signal - it foreshadows a series of reforms to come, especially for the emerging cryptocurrency industry. With President Trump's official inauguration on January 20, 2025, the world's attention is focused on how this unconventional politician will deliver on the ten major cryptocurrency policies he promised during his campaign.
Make the United States the global cryptocurrency capital
Trump promised that if re-elected, he would work to develop the United States into the center of global cryptocurrency and support the development of emerging industries such as cryptocurrency and artificial intelligence
Stop suppressing the encryption industry within an hour of taking office
Promise to end the current government's "illegal suppression" of the cryptocurrency industry and protect the right to Bitcoin mining and trading.
Prevent 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.
Establish 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 United States from selling its Bitcoin holdings
He promised not to sell the Bitcoin held by the U.S. government to ensure that these assets continue to serve the country.
Suggest using cryptocurrency to solve the U.S. debt problem
Trump suggested using cryptocurrency to deal with the U.S. debt crisis, believing it to be an innovative solution.
Propose a comprehensive crypto policy
He plans to formulate a comprehensive cryptocurrency policy covering aspects such as stablecoin regulation and user self-custody rights.
Establish a Cryptocurrency Advisory Committee
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 Ross Ulbricht, the founder of Silk Road
He promised that if elected, he would consider reducing the sentence of Ulbricht, who was sentenced for the Silk Road incident.
Among the 10 new policies on cryptocurrencies, the most difficult ones to implement are "making the United States the global capital of cryptocurrencies" and "stopping the suppression of the crypto industry within one hour of taking office." "Making the United States the global capital of cryptocurrencies" is not a loud slogan for Trump. The potential conflict lies in challenging traditional financial institutions and global economic policies. Creating a crypto-friendly environment that attracts companies and talents requires a certain amount of time and space, involving tax incentives, simplifying regulatory processes and other aspects. This is a heavy job for Trump.
"Stop suppressing the crypto industry within one 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 actions in the direction of appointing a new SEC chairman, clarifying regulatory powers and responsibilities, and relaxing administrative supervision, and it can indeed be implemented quickly.
The easiest administrative measure is to reduce the sentence of Ross Ulbricht, the founder of "Silk Road". Trump can easily do this with presidential pardons and policy commitments, but this can greatly reflect the importance of liberal values in the crypto 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 leadership of the SEC, which may bring a more innovative regulatory atmosphere. 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.
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 still depends on factors such as the actual policy implementation 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 concerned about this field.
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