Donald Trump Inauguration: Can We Expect Crypto-Friendly Executive Orders on Jan 20th?
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As President-elect Donald Trump 
Donald Trump
Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
prepares for his inauguration, the U.S. cryptocurrency industry is urging him to follow through on his campaign promises to push cryptocurrencies into the mainstream. The industry is hoping for a series of executive orders on his first day in office, January 20, to lay the foundation for a crypto-friendly future.
Bitcoin touched the epic milestone after Donald Trump won the presidential elections and touched the ATH of $108,000 in December. Trump’s biggest plan to create the US Bitcoin Strategic Reserve has been buzzing since he announced the plan during his campaign. Here’s an insider scoop on Trump’s larger-than-life plans to make the US a Bitcoin powerhouse.
Key Industry Demands
Industry insiders are pushing for Trump to create a national bitcoin stockpile, ensuring that the U.S. holds a strategic reserve of bitcoin according to the reports. This could be done through the Treasury Department, although some experts believe this may require Congressional approval. Plus, crypto firms are seeking easier access to banking services, as many have struggled with financial institutions reluctant to engage with them due to regulatory concerns.
Crypto Council and Regulatory Overhaul
Trump’s team is also considering the creation of a crypto industry council, which would help guide policy and provide a structured approach to the growing sector. Furthermore, the industry expects Trump to address the regulatory issues, pushing for a review of existing rules to ensure they are better suited to the unique needs of cryptocurrencies.
While the Biden administration has been more cautious, with regulatory crackdowns on crypto companies, Trump has promised to reverse these policies. His crypto-friendly appointments, such as SEC Chair Paul Atkins and White House crypto czar David Sacks, signal a shift towards a more supportive environment for digital assets.
Market Impact
Bitcoin’s price surged to new highs, surpassing $107,000, after Trump announced his plans for a Bitcoin Reserve. While it has since dipped below $100,000, the promise of a national stockpile has sparked optimism in the market. Despite the bullish call, Bitcoin has reacted negatively to the recent events Fed’s hawkish comments, and the DOJ’s court approval to sell the seized Bitcoins. Following the news, Bitcoin drastically fell to the $94,471 level.
Overall, the crypto insiders are highly charged as they expect Trump to go aggressive on his crypto plans while crypto OG like arthur hayes
arthur hayes
Arthur Hayes is an American investor, business visionary, subsidiary merchant, Bitcoin advocate, and a fintech pioneer. He was the co-founder, and CEO of BitMEX alongside Ben Delo and Samuel Reed. BitMEX was established in 2014, the parent organization is HDR Global Trading. He is the previous CEO of BitMEX and parent organization 100x Group. BitMEX is an advanced resource exchanging stage that has exchanged trillions of dollars on the cryptographic money trade. BitMex is situated in Seychelles. He is situated in Hong Kong. In October 2020, He ventured down as CEO of BitMEX.BitMEX is the first crypto trade to be charged under the bank security act. The regulations expect that exchanges that are more than $10,000 should be accounted for. It is known as Know Your Customer (KYC) information. He ventured down from BitMex in October 2020. Alexander Hoptner supplanted Hayes as CEO of BitMEX. He moved to Hong Kong in 2008, to begin his speculation banking profession. He worked for Deutsche Bank, as a value subordinates broker, and for Citigroup for a long time. He functioned as the head ETF market producer for the two firms. In 2011, He left Deutsche Bank and started working for Delta 1 broker for Citibank in Hong Kong. His interest in Bitcoin began in 2013, after perusing the Satoshi Nakamoto’s white papers. He is the most youthful African American crypto tycoon ever.
Details
Organization: BitMex
Location: Hong Kong
Education: Bachelor of Science in Economics, Finance from the University of Pennsylvania and Bachelor of Science in Economics and finance from The Wharton School
Skills: Trading and Swaps
Experience:
Chief Investment Officer at Maelstrom from Dec 2022 – Present
Co-Founder at 100x Group from Oct 2020 – Present
Co-founder and CEO at 100x Group from Jul 2019- Oct 2020
CEO at BitMEX from Jan 2014 – Oct 2020
Delta One Trader (Associate) at Citi from Jun 2011 – May 2013
Associate at Deutsche Bank from Jul 2008 – Jun 2011
Synthetic Equity Trader at Deutsche Bank from Jun 2008 – Jun 2011
FAQ’s
1. When was Bitmex founded?
BitMEX was Launched in 2014.
2. What other roles does Arthur Hayes hold?
After BitMEX, Hayes became the Chief Investment Officer at Maelstrom
EntrepreneurInvestorChief Executive OfficerTrader
has given a warning of the severe market crash after Trump officially takes charge.
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