Ah we are getting closer and it seems like the crypto world is in a bit of a divided frenzy. Now personally myself I always take the stance of I'll believe it when I see it as politicians will say anything and everything in order to be elected.
Part of Trumps big push was to speak at the bitcoin conference and talk about how executive orders, pro laws and the government buying up bitcoin where all on the table. But since then we have been getting a bit of back peddling as of late and news coming out not to expect any type of executive order and so forth.
And well to be honest that would make sense as it takes time for these bills to pass and an executive order wouldn't be super pro crypto really in terms of long term but might get the ball rolling.
Also take note that trump owns crypto and his family now owns businesses in the crypto sector so it's also in his best interest now to get these things passed. Follow the money!
Executive Orders
Executive orders was a big one that the crypto world was all about. There's been a lot of day 1 remarks from Trump and one of these was to buy 1 million bitcoin in order to create the USA reserve in it.
This all seemed like a pipe dream but so far we are starting to get some news coming in that this might be a possible. It wouldn't be a million but it's possible under protection of the dollar that gives the president some power to buy assets to hold the value of the dollar but this would still have to be approved by congress. It's hard to think things like this wouldn't pass because majority is held by the party at the moment.
The other side of this is what is known as "operation chokepoint 2.0" and it's a very real thing while once again everyone said people were crazy and conspiracy theorist it once again was proven to be true. This is where the government agencies reach out to banks and pretty much say don't get involved with crypto or else. But they say it in a way that wont get them in trouble. Trump has said he would eliminate this which could open up markets to vast fiat wealth once again. It means that banks would be able to custody bitcoin. This was vetoed by Biden just recently.
Banks
The big move here is when banks can start to custody bitcoin. It means the banks can now borrow against and build massive buys of the assets that wasn't possible before further integrating the asset into the financial system.
Two Big Tokens
Two tokens a heavy on the eyes of people as possible new ETFs that could very well outperform Ethereums launch. Those being Solana and XRP. While I don't care much for XRP honestly it does seem like it's going to be a solid bet into the new year and Solana just makes sense in terms of that being the next in line.
Overall it seems like the 20th or at least towards the end of this month could open up a lot of information we have all been waiting for. From mess exportations of illegal immigrants to full adoption of crypto things are going to be wild over the next four years and I'm ready for it.