Author: Martin Young, CoinTelegraph; Compiled by: Five Baht, Golden Finance

With just days left before Donald Trump’s inauguration, the US president-elect has promised to overhaul cryptocurrency regulation , but New York Digital Investment Group said it may be premature.

NYDIG global head of research Greg Cipolaro said in a research note on January 10 that even though Trump will be inaugurated on January 20, it is "cautious to expect immediate changes in cryptocurrencies."

Cipolaro said that while the inauguration has reignited concerns about the new There is hope that many campaign promises will be fulfilled, but "many promises may be realized soon, but some may take some time."

"Key officials still need to be appointed, and those who have been appointed need to go through a confirmation process, Once confirmed they will need to call in staff ”

Other important cryptocurrencies. Legislation, such as rules governing stablecoins and a bill clarifying the role of securities and commodities regulators in regulating cryptocurrencies, “will likely take some time to pass” as a reinvigorated conservative and free-market legislature “may Not as willing to compromise on certain issues as they were when liberals controlled the Senate.”

“Implementation of these initiatives may be a priority, while issues such as geopolitical conflicts, budget and debt ceilings, global trade and tariffs, and immigration may be more pressing concerns,” he said.

Trump’s choices for Treasury, SEC, and White House digital asset advisors appear to be positive on cryptocurrencies, but he is critical of the Commodity Futures Trading Commission, Office of the Comptroller of the Currency, and FDIC Selection for the position has still not been announced.

“Trump’s picks haven’t all been announced yet, but from what we know so far about institutions related to cryptocurrencies and Bitcoin, we like what we’re seeing,” Cipolaro said.

Events affecting the fourth quarter of 2024. Source: NYDIG

One potential change could be the implementation of a strategic Bitcoin reserve, which Cipolaro said “could be accomplished quickly by executive order.”

He added that a draft of such an executive order has been drafted by Bitcoin advocacy groups and circulated on social media. However, Cipolaro said that the executive order "will not be permanent and may be revoked by the next president."

A possible strategic Bitcoin reserve in the United States could come from the confiscated cryptocurrency worth $18.3 billion, he said .

“This alleviates concerns that the United States will become a seller of Bitcoin,” Cipolaro added. "But it won't create incremental demand."