Donald Trump said that the current development of bitcoin will require the authorities to introduce specialized regulation. He noted that the leading cryptocurrency “has taken on a life of its own,” adding that he is not yet inclined to accept bitcoin as a means of payment in the United States. Would the re-election of Trump change the attitude of the US towards cryptocurrencies and a shift in the SEC's policy in general? How good is Trump for Bitcoin?
The issue of adequate and transparent regulation of the cryptocurrency market is highly relevant. The market believes that with a change in the US President, the top management of the US Securities and Exchange Commission might also change. A lot depends on the position of its leader. The SEC’S current leadership Is not at all sympathetic to cryptocurrencies.
If the SEC chair and its governors change, it is quite possible that the Commission's policies will change over time. At the same time, attitudes towards cryptocurrency would also likely start to change.
At the moment, it’s hard to predict how Trump would position himself in terms of the application and development of the cryptocurrency market. It all depends on the current political course.