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Author: Vince Quill, CoinTelegraph; Compiled by: Deng Tong, Bitchain Vision
U.S. President-elect Trump took office on January 20, which excited cryptocurrency industry executives looking forward to supporting cryptocurrency policies.
However, the source notedThese policies may or may not continue after the end of his administration term, depending on the balance of power in Washington, D.C.
Adam O’Brien, founder and CEO of Bitcoin Well, a financial services company focused on Bitcoin, saidTrump’s pro-cryptocurrency policy will continue if incoming Vice President JD Vance succeeds Trump as president in 2029.“If we see Vance in the next election, I think every policy Trump implements will be enduring because Vance is likely to be involved in almost all of these decisions and agree to most of them,” O’Brien said.”
The CEO added,Trump’s pro-cryptocurrency policy could be under threat if Democrats regain control of Congress and the presidency in the next round of elections.
This is especially true of policies formulated through executive orders, which are more likely to be overturned by successors than those formulated through Congress.
Trump delivered a keynote speech at the Bitcoin 2024 conference in Nashville.
Legislative Stallion and U.S. Midterm Elections
Joe Doll, general counsel for Magic Eden in NFT Markets, recently pointed out thatThe Trump administration may only have 24 months to develop policies that support cryptocurrencies.
The lawyer said Republicans have a weak majority in the House and will almost certainly turn to Democratic control in the 2026 midterm elections.
Former House Speaker Paul Ryan took the stage at the North American Blockchain Summit in Texas on November 20, calling on the two parties to cooperate on cryptocurrency regulation.
The former MP saidPassing crypto policy reform requires at least 60 votes and reminds viewers that Republicans hold a slim majority in the House of Representatives with just four seats.
Current distribution of political parties in the U.S. House of Representatives.Source: U.S. House of Representatives
Ryan also urged President-elect Trump not to further weaken the Republican majority by selecting House representatives to join his cabinet.
Deputies in the U.S. House of Representatives must give up their seats in Congress to accept positions in the executive branch and must be replaced according to the state’s regulations.
However, Lee Bratcher, chairman of the Texas Blockchain Committee, believes that after the 2024 election results are announced, political representatives are less likely to oppose the cryptocurrency industry under pressure from industry advocacy groups.Much more.
“The last election cycle was so thorough and overwhelming, it was rather stupid for members of Congress to risk publicly opposing cryptocurrencies,” Brachur said.
