After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.
The market related to Bitcoin may be strong in the next four years and there is potential for more profits for investors, but Bitcoin is a volatile asset, so you should make investment decisions based on the situation.
First of all, it is guaranteed that the SEC chair will be replaced by a new one. Trump has said that he will fire Gary Gensler if elected. The question now would be, who would replace him? Surely the SEC chair that will replace Gensler is someone who has the same plans for bitcoin and crypto as Trump. We will definitely see less restrictions within the crypto market which would lead to more innovations.
it's surely to say that the chairman of the SEC will be replaced. In contrast Biden has been vocal about crypto and some companies while Trump has vowed to make the United States the world's Bitcoin superpower.He also threatened to fire SEC chief Gary Gensler.
Now we have to wait to see who will be the next SEC chief who will contribute to the market as crypto friendly.