The Guidance
- Cryptocurrency has seen significant growth during Donald Trump’s current term.
- The question is, what will happen after his presidency concludes in 2028?
Hello everyone, Liam reporting.
President Trump’s focus on digital currencies might be one of the most enduring accomplishments of his administration.
That’s why entrepreneurs in the U.S. should perhaps be less concerned about the future of cryptocurrency after Trump leaves office in 2028.
“It’s definitely something people are considering,” stated Hunter Horsley, Chief Executive Officer of the digital asset management firm Bitwise, in an interview with DL News. “However, I don’t anticipate any major issues.”
He outlined three reasons for his confidence during the Token2049 crypto event in Singapore.
Bitwise Asset Management, established in 2017, stands as a leading provider of crypto investment funds. Over the years, Horsley and his team have worked with the Securities and Exchange Commission (SEC) under multiple administrations.
Currently, he observes a strong commitment within the SEC to establish clear and effective crypto regulations.
“There’s a directive from the president. The president has selected a chair who has given guidance to the staff, and the staff is motivated to perform well,” Horsley explained. “It’s quite straightforward.”
Indeed, Paul Atkins, a well-known advocate for cryptocurrency, was appointed as SEC chair earlier this year. His appointment represents a significant change from the approach of the previous leadership.
However, Horsley emphasized that broader factors are contributing to the increasing integration of cryptocurrency into the financial system.
Firstly, he believes the current legal framework being established is “very stable.”
President Trump signed the Genius Act into law this past July. While banking lobbies are seeking to revise sections of the landmark stablecoin regulations, fintech firms, banks, and crypto businesses have already begun engaging in digital dollar activities. According to Horsley, any politician who tried to reverse this would be committing political suicide.
“It would be a strange battle to pick,” he commented.
While figures like Senator Elizabeth Warren, a prominent critic of cryptocurrency, have criticized the legislation after it was enacted, they haven’t pushed for its complete repeal.
Secondly, cryptocurrency policy is increasingly becoming a bipartisan issue, especially for lawmakers seeking financial support for their campaigns.
“Both Democrats and Republicans are recognizing the potential benefits of supporting this sector,” Horsley noted.
The crypto executive emphasized the effectiveness of Fairshake, a major political action committee within the industry, which raised $260 million in 2024 to advocate for pro-crypto candidates across the nation, including Trump.
The third reason cryptocurrency is poised to remain relevant, regardless of who occupies the White House, is the increasing number of Americans who own digital currencies, whether they realize it or not.
“Individuals hold digital assets in their retirement accounts. Pension funds and endowments have exposure. Banks are now involved,” Horsley explained.
Cryptocurrency may even become less of a contentious issue during next year’s midterm elections.
“More and more Americans want to see a less hostile approach towards crypto,” he told DL News. “I anticipate a reduction in its polarizing nature.”
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