With the start of his presidency, Donald Trump signaled significant regulatory changes for cryptocurrencies. Industry representatives are now eagerly awaiting the fulfillment of promises made during his campaign. In particular, there is keen interest in the steps Trump will take in his first 100 days to broaden the mainstream acceptance of Bitcoin (BTC) 
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Bitcoin Reserves and Banking Access Discussions
Among Trump’s potential regulatory moves is the classification of Bitcoin as a strategic reserve. The Treasury Department might consider acquiring $21 billion in Bitcoin as part of this initiative. Economist Zack Shapiro argues that this move could position the U.S. as a leader in the cryptocurrency space. However, whether Trump can make such a decision independently remains a topic of debate, as the involvement of Congress in this process is still uncertain.
Another prominent topic is banking access. Trump has promised to facilitate banking services for cryptocurrency companies. However, experts suggest that such regulation may not have an immediate impact.
Instead of a radical overhaul of the banking system, Trump’s promise is viewed as a political message to the markets. Some believe that if these initiatives succeed, the industry could witness significant developments.
Attention Turns to the New Cryptocurrency Council
The Trump administration is planning to establish a council for the cryptocurrency sector. The goal of this council is to amplify the voices of industry representatives and consider sector dynamics in legal regulations. While previous administrations have created similar structures, it remains unclear how Trump will define the role of this council. Despite various criticisms, this initiative has generated excitement within the sector.
Additionally, existing regulations are expected to be adapted to meet the needs of the cryptocurrency market. Industry representatives frequently express the need for a renewal of the current legal framework. It seems likely that Trump will pursue steps similar to those he previously took in banking system reforms.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
