Trump expected to be more pro-crypto than Biden, but uncertainty remains

Following Donald Trump's Election Night win, crypto markets rallied, reflecting industry optimism about a more favorable regulatory environment under Trump. According to Forbes, although Trump is seen as more pro-crypto than Biden, his administration’s specific plans remain uncertain. Trump’s nominees for key regulatory roles at the SEC, CFTC and Treasury will be critical in shaping crypto policy, with an industry preference for a more streamlined classification of tokens as commodities rather than securities. Legislative priorities, however, could delay major regulatory changes. A Republican-controlled Congress would improve the odds of crypto-friendly legislation, especially with pro-crypto voices like Senator-elect Bernie Moreno’s victory in Ohio.