A New Era for Crypto Has Begun
Love him or hate him, Donald Trump is now the first pro-crypto president.
Love him or hate him, Donald Trump is now the first pro-crypto president. This moment was inevitable. Like all transformative technologies that improve people’s lives, crypto’s rise could not be stopped. Just as the car replaced the horse and email replaced mail, crypto will disintermediate countless middlemen in finance. A pro-crypto president was bound to happen.
After four years of punitive regulations and Operation Chokepoint 2.0, which pushed U.S. crypto companies abroad and de-banked the industry, the tide has officially turned. David Sacks, the newly appointed White House AI and Crypto Czar, recently declared: “The reign of terror against crypto is over, and the beginning of innovation in America for crypto has just begun.” This aligns with Trump’s vision of making the U.S. the "crypto capital of the world" and signals a more favorable regulatory environment ahead.
Historically, the U.S. has led the way in financial regulation, being the issuer of the world’s reserve currency. American policies often set the direction for the rest of the world due to their impact on global trade and financial markets. A pro-crypto stance by the U.S. could trigger a ripple effect, encouraging other jurisdictions to adopt similar regulations, de-risking crypto globally, and enabling more banks to engage with one of the fastest-growing industries in the world.
In our region, Bahrain’s CBB and Dubai’s VARA stand out as progressive examples, successfully attracting companies, capital, and talent through supportive regulations. Other jurisdictions should reconsider their stance on crypto or risk missing out on the opportunity to participate in one of the fastest-growing industries and drive similar economic growth.
