This Is What the Crypto Industry Actually Wants From Trump
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What is the main topic discussed in this episode?
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Hello and welcome to another episode of the Oddlots Podcast. I'm Jill Wiesenthal.
And I'm Tracy Alloway.
Tracy, here's two things that I know, or I think that I know. One is that a lot of people in the crypto industry are excited about the new Trump administration and perhaps uh regulatory changes that may come about. And it also seems like a lot of people affiliated with the Trump administration have an affinity for the crypto industry. But beyond that, I don't know what any of that means. Like it's one thing for different groups of people to like each other, have some affinity, but what it means in terms of substantive changes in the world or at least in regulation, I don't have a clear idea.
Yeah, there's definitely been a vibe. Yeah,
the vibes, yeah.
Um, but in terms of what that means concretely in the real world, I am also unclear. I will say I'm looking at a chart of Bitcoin right now, and I mean, you can see like beginning of November, it just shoots up. And obviously there have been some things that are sort of happening already. So for instance, you know, Gary Gensler is out at the SEC and he's gonna be replaced by Paul Atkins, who is a I think he's generally considered a crypto proponent. So that's one thing. Crypto kind of hated Gensler. So there's that expectation. But beyond that, there's talk of like a strategic Bitcoin reserve and all these other things. And I guess I guess the difficulty is crypto is never a unified body. Like everyone wants different things and there's all this infighting.
And so I'm just curious, like, what is it that the different factions are basically after at the moment?
Yeah, that's a really great way to put it. And it's clear, even as you described, there's a range of ideas that are sort of some seem more perhaps realistic, or in the short term, some strike me as sort of fantastical, but I would never count out anything. If we one day have a strategic Bitcoin reserve in the US, like I don't know, it's twenty twenty five. Anything could happen. Anything
is possible.
But there is like a range, right? There's a range of what's pursued. Maybe is it more regulatory clarity on certain sort of like token projects? Is it a way so that some sort of stable coin regulation can be resolved in some way that expands their ability to be a source of payments? Many big questions, many interesting possibilities. So, as you know, with the new administration, I think we should get a better sense of what people in the industry are at. actually substantively looking for.
Absolutely. Let's do it.
Well, I'm really excited to say we have, I believe, the perfect guest, someone we've had on the podcast before, and I said at the time we were talking about stable coins specifically that time, but I think I said at the time this guest should really be the crypto industry's only. Um You said
uh the crypto industry should shove everyone else in a broom closet.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–7:34
2
Why is the crypto industry excited about the new Trump administration?
7:34–16:45
3
What does “regulatory clarity” actually mean for token projects and stablecoins?
16:45–25:36
4
How could a strategic U.S. Bitcoin reserve change the crypto landscape?
25:36–35:02
5
What obstacles do crypto companies face when trying to open bank accounts?
35:02–44:19
6
Which federal agencies are most likely to shape future crypto regulation?
44:19–44:23
Speakers
6 identifiedMore from Odd Lots
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