On a serious note, I did not expect the Trump administration to be taking a lenient stance against crypto (and it is very lenient compared to the Biden administration). Now that Musk will step back from his advisory role (whatever that means) after sales of Tesla have fallen by 71% net income from the same quarter last year, he might not have the same influence on Trump as far as being a pro-crypto advisor is concerned.

I hope this does not negatively affect their policy towards crypto.