US President Donald Trump’s cryptocurrency policies could be one of the administration’s most enduring legacies, according to Bitwise’s CEO.
Speaking at the Token2049 event in Singapore, Bitwise Asset Management CEO Hunter Horsley stated his belief that the crypto industry will remain strong in the post-Trump era. “It’s nice that people are thinking about it,” Horsley said, “but I’m not worried.”
Founded in 2017, Bitwise is known as one of the industry’s largest crypto fundraisers. Horsley explained that the company has worked with the U.S. Securities and Exchange Commission (SEC) over multiple administrations, but recently the agency has gained significant momentum regarding crypto regulations.
“The president has a directive. The president’s chosen leader has assigned staff to this role, and staff want to receive positive performance evaluations. It’s a pretty clear structure,” he said.
Horsley stated that with Paul Atkins taking over as head of the SEC this year, the institution’s attitude has changed radically compared to the previous administration, and pointed out the main reasons why crypto has taken root in the financial markets:
Crypto Laws Are Now “Permanent”
The Genius Act, signed by Trump in July, accelerated digital dollar initiatives in the financial world. According to Horsley, banks, fintech companies, and crypto firms are now operating in this space, and reversing it would be political suicide.
Crypto Assets Now Supported by Both Parties
Horsley noted that cryptocurrency policy is becoming increasingly bipartisan.
“Democrats and Republicans alike are realizing that this is an area that needs to be supported and won,” he said.
He reminded that in 2024, the crypto lobby fund Fairshake raised $260 million and supported many “pro-crypto” candidates, including Trump.
Horsley, who predicted that this situation would remove crypto from the center of political debate in the upcoming elections, concluded his speech with the following statement:
“More and more Americans don’t want crypto to be targeted. Polarization is decreasing.”
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/will-pro-crypto-decisions-in-the-us-be-reversed-after-trump-bitwise-ceo-responds/
