Donald Trump's victory in the US elections signals a fundamental transformation in the regulatory environment for Bitcoin and cryptocurrencies. This change is mainly driven by the exceptional composition of his team, which includes figures deeply involved in the crypto ecosystem. David Sacks, appointed to lead the government's vision for Artificial Intelligence and cryptocurrencies, has been a Bitcoin investor since 2013 and brings with him a deep understanding of the sector. Paul Atkins, the nominee to head the SEC, has a consistent track record of advocating less stringent regulation for digital assets, representing a dramatic change from the current administration. The departure of Gary Gensler from the SEC, known for his hostile stance towards the sector, combined with the entry of figures such as J.D. Vance, Howard Lutnick and Vivek Ramaswamy, who are active Bitcoin investors, promises a significant change in regulatory approach. The new administration should focus on deregulation and encouraging the free market, abandoning the hostile policy that has characterized recent years.
Among the concrete proposals expected to take shape is the creation of the Department of Government Efficiency (DOGE), which will be led by Elon Musk, CEO of Tesla, the company that holds the fourth largest amount of bitcoins on its balance sheet with a total of 9,720 BTCs. Most importantly, the development of a clear regulatory framework for the sector is expected, something long awaited by the industry. This combination of pro-crypto leadership and deregulation agenda should create a significantly more favorable environment for innovation and development in the Bitcoin ecosystem, marking the beginning of a new era for the sector in the United States. For the first time, Bitcoin will be sailing with the political wind in its favor, in marked contrast to the last four years with the Biden administration.
