2025 has started off well, and cryptocurrency investors hope this optimism will continue for at least the first two quarters. As Trump takes office, things will change in favor of cryptocurrencies. For the first time in the short history of cryptocurrencies, a US President will approach cryptocurrencies with compassion along with his cabinet. National Bitcoin among Trump’s crazy ideas $99,020.7 There is even an idea to create a reserve. What about Powell?
Fed and Cryptocurrencies
It was the Fed’s stance that hindered banks that wanted to get into the cryptocurrency business. Fed Chairman Powell He said that he was not very keen on this idea and underlined the need for legal regulation. Trump wants to do this, and the only people he needs to convince are the politicians in his own party. So will the Fed’s stance on crypto change?
Judging by the recent news, yes, that’s exactly what will happen. Barr, a supporter of Warren, known for her stance against cryptocurrencies, resigned from her supervisory post today. Eleanor Terrett shared this good news as follows.
“The Board has announced that Michael Barr has resigned as vice chairman for audit (effective February 28, 2025).) explained. Barr will remain on the board.
“Barr, one of Warren’s supporters, was thought to be the biggest reason for this raid because banks cannot deal with crypto and provide custody services.”
The fact that someone known for his harsh attitude towards cryptocurrencies has become more passive and his power over banks has weakened is linked to Trump’s coming to office.
Cryptocurrencies 2025
Biden’s to cryptocurrencies Just as his anti-public attitude turned into opposition to public institutions, today it should be the opposite. Trump appoints cryptocurrency-friendly names to ministries and heads of regulatory bodies. A 180-degree change in the cabinet’s stance towards cryptocurrencies will of course have consequences on prices.
Many anti-crypto figures, including Gensler, will no longer exist. SEC It will probably end crypto cases other than fraud, and public institutions that caused the declines will now be the reason for the rise.
From this process XRP Coinis expected to benefit significantly. As a matter of fact, the chart from the November elections to today confirms this. While XRP Coin, which represents the US’s war on crypto, is seeing new highs this year, altcoins may follow in its footsteps.
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 carry out their transactions in line with their own research.
