Crypto Crystal Ball 2025: How Much Will Trump Fight for Bitcoin and Crypto?

Another year has passed, and crypto is somehow at a crossroads—again. After the universal controller survived Crusade The digital assets industry appears to be on the upswing once again in the United States and dominating the last phase of the bear market. By all accounts, 2025 looks set to be a big year for crypto yet.

But how, exactly, the industry chooses to navigate this opportunity is far from set in stone. Regulatory moves, technical updates, and market trends can all still break in a thousand different ways.

Take heart, dear reader. Decrypt Here's to predicting the unexpected. Here are some key questions that experts say could define the year ahead — and what the answers might mean for you.

First: How much political capital would Donald Trump be willing to spend on crypto?

In November, the victory of the president-elect raised the crypto markets. It looks beautiful Clear The age of the United States government is false. Attack The industry's key players have passed — and that alone is a huge development.

But will the Trump administration be willing to actively pursue policies that industry experts say are critical to ensuring crypto's long-term success?

“The adversarial end will be internalized and it will be good in itself,” said Christine Smith, CEO of the Blockchain Association, a prominent crypto lobby group. Decrypt. But we need more than that.

Although Trump is innumerable He promised. As for the industry on the campaign trail, commitments to particular constituencies fade away in the shuffle once the president is in office and immersed in competing concerns—all of this becomes urgent.

“There are going to be a lot of priorities in the Trump administration,” Smith said. “If we don't have someone to enforce those, that's going to be a problem.”

One positive sign for Smith that digital assets policy can meaningfully move forward in 2025 is the fact that the Trump White House has a historic first. He was appointed Some AI and crypto czar. Venture capitalist David Sachs accepted the position in early December.

The White House crypto adviser will coordinate the administration's vision for digital assets across the White House, executive agencies and Congress, Smith said.

Such attention could have a large and immediate impact on crypto's strength, reach and influence.

Take the repeal of SAB 121, a US Securities and Exchange Commission (SEC) law that discourages US banks from holding crypto assets. In May, bipartisan members of both houses of Congress voted Repeal The rule, but President Joe Biden after a while Rejected the effort.

If Congress is asked to reauthorize the same bill and Trump signs it into law, that single step could usher in a new chapter for crypto in the United States, Smith said.

“It really opens up a new market,” she said.

Although Bitcoin and Ethereum Place ETFs Currently trading on Wall Street, an abundance of yellow tape and crypto-related concerns have kept most American investors and businesses on the sidelines.

Allowing major banks to hold crypto themselves and bypass the basics Market structure account TradFi unlocks untapped potential for the digital assets industry — which would formally legitimize the industry, Smith said. Such grassroots steps “give comfort to many investors and market participants that crypto is a safe place, that they can come and invest here, and that developers can build new businesses here.”

The difference between TradFi dipping its toes into crypto and diving head first will be seismic. The industry may get a taste of that diversity in 2025.

Edited by Andrew Hayward.