Trump's unexpected victory has put the crypto community into a frenzy. The world was questioning whether his administration would keep the grand promises he made on the campaign trail, or if they would fall flat on his face. A lot can change in a short time, right? Trump had promised crypto enthusiasts that they would be in for a treat under his watch.  These days the price of Bitcoin racing towards new heights. There have been some jitters about regulations and these market moves, but for now, the head is up.   The crypto sector is pretty hyped up.

        The Trump administration quickly moved in with some changes and tweaks that have the crypto world buzzing.  The crypto industry who donated millions to Trumps campaign in the hope of regulatory relief. Gensler, former Chairman of the Securities and Exchange Commission, was replaced with Paul Atkins. The White House also appointed a crypto expert, David Sacks, as their tech guru.   His first decisions made waves. The administration targeted SAB 121, a accounting rule that was weighing down financial institutions' plans to interact with cryptocurrencies, and removed it. "Why was this a big deal, you might ask? "  it essentially made it harder and less appealing for traditional financial institutions to adopt cryptocurrency, and now, well, it is easier. The whole community is now a bit more comfortable with the idea of possible future gains in crypto.

        Trump has some other things on his plate outside of just policy changes.  Donald Trump has taken to the world of cryptocurrency, launching his own meme coin not long before his  inauguration. They were much less groundbreaking like others in the past like dogecoin.  The coins of The Trump family could be like a flashy and loud new car. Some see it as a boost for the crypto world.  Others are fiscal watchers who are warning the general public to look before blindly leaping. The idea of a Trump meme coin is flashy! More people are interested because of the press.  The coins are built on hype and excitement alone.  Trump's new crypto coins don't have a future-proof model.  There is a lot of hype, but they are volatile even for crypto.  Critically thinking about the investment could be a better way to  spend time.

        What of all of this is hard to find out is how long it will last?  The crypto world is no stranger to roller coaster. Cryptocurrency is something that you need to think through, and do not get swept up in the hype. More changes are ahead and the crypto industry is looking around with eyes open.  They will be watching for more regulation changes, and there are some really big questions out there.

How Trump has Shaken the Cryptoworld

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