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Will Trump’s pro-crypto stance survive the end of his term?
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2025-01-20 10:01 5,821

Will Trump’s pro-crypto stance survive the end of his term?

Author: Vince Quill, CoinTelegraph; Compiler: Deng Tong, Golden Finance

The inauguration of US President-elect Trump on January 20 has excited the excitement of cryptocurrency industry executives who are looking forward to supporting cryptocurrencies. Incessantly.

However, sources note that these may or may not survive the end of his term, depending on the balance of power in Washington, D.C.

Adam O'Brien, founder and CEO of Bitcoin Well, a financial services company focused on Bitcoin, said that if incoming Vice President J.D. Vance succeeds Trump in 2029, With Trump as president, Trump’s pro-crypto currency will remain. "If we see Vance in the next election, then I think everything Trump implements will have staying power because Vance will probably be involved in almost all of those decisions and agree with most of them," O'Brien said.

The CEO added that Trump’s pro-crypto stance could be threatened if Democrats regain control of Congress and the presidency in the next election cycle.

This is especially true for laws enacted by executive order, which are more likely to be overturned by successors than laws enacted through Congress.

Trump delivers the keynote address at the Bitcoin 2024 conference in Nashville.

Legislative Deadlock and the U.S. Midterm Elections

Joe Doll, general counsel at NFT market Magic Eden, recently pointed out that Trump may only have 24 months to enact support for cryptocurrencies.

The Republican majority in the House of Representatives is almost certain to flip to Democratic control in the 2026 midterm elections, the lawyer said.

Former House Speaker Paul Ryan took the stage at the North American Blockchain Summit in Texas on November 20 to call for bipartisan cooperation on cryptocurrency regulation.

The former congressman said passing cryptocurrency reform would require at least 60 votes, reminding viewers that Republicans hold a slim majority of just four seats in the House of Representatives.

The current political party distribution of the U.S. House of Representatives. Source: U.S. House of Representatives

Ryan also urged President-elect Trump not to further weaken the Republican Party's slim majority by picking House representatives to join his cabinet.

Representatives in the U.S. House of Representatives must give up their seats in Congress to accept executive branch positions, and must be replaced according to their state's rules.

However, GermanyLee Bratcher, chairman of the Texas Blockchain Council, believes it is much less likely that representatives will turn against the cryptocurrency industry amid pressure from industry advocacy groups after the 2024 election results are announced.

“The last election cycle was so sweeping and overwhelming that members of Congress would be foolish to risk speaking out against cryptocurrencies,” Bratcher said.

Keywords: Bitcoin
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