Business Experts say that Trump will act on his Pledge as a "Crypto president" and he will use Executive orders to Prevent Banks From Blocking Crypto Firms

Donald Trump's win is perceived as a significant turning point for digital assets.

The cryptocurrency industry expects a massive switch in policy. Investors anticipate Trump to deliver on campaign promises with the projected republican majority in Congress.

This includes appointments of crypto-friendly officials across regulatory agencies and pro-crypto executive orders.

Business experts say that Trump will act on his pledge as a "Crypto president" and he will use executive orders to prevent banks from blocking crypto firms.

While the fervour cooled on Thursday & Friday, bitcoin continued its rally and is still close to its record high of 93,000 dollars.

Some analysts now project the OG token to reach the 100,000-dollar mark.

The re-election of Trump has set the stage for the adoption of crypto legislation.

Crypto companies were under regulatory scrutiny from the SEC and other agencies during the Biden administration.

Several enforcement actions were implemented, which hindered the industry's growth.

A crypto-friendly regulatory environment is something Trump has promised.

Executives from the sector have been pushing for reforms such as the establishment of an advisory council for digital assets.

And the appointment of a new chair to the Securities and Exchange Commission.

Blockchain and crypto companies like Kraken are optimistic because they see chances to expedite approval processes.

That will help crypto firms to grow without any fears of regulatory interference. Also, trump has promised to fire Gary Gensler, the head of the US Market regulator.

Gensler is widely believed to be anti-crypto.

The industry has lobbied pro-crypto congressional candidates, spending over 119 million dollars in the latest election cycle.

The cryptocurrency industry is feeling more optimistic thanks to Trump's ambitious plan for a US Bitcoin strategic reserve.

According to industry executives, a new era will legitimise digital assets in mainstream finance.

This may push for more transparency in regulatory mandates and a sturdy crypto economy.