Crypto is Ready to Enter a New Phase of Policy and Progress as a Change in Leadership

The relationship between government and crypto has always been tumultuous. This stems from its origins, where blockchain represents a sustainable, rebellious alternative to traditional finance – a view that is at odds with regulators.

Over the years, the US government’s approach to crypto has been different, moving from casual tolerance to radicalization, especially under the presidency of Biden, with SEC Chairman Gary Gensler emerging as a central figure in the battle against the future of crypto.

However, with Donald Trump now poised to re-enter the White House, the stage is set for yet another dramatic change. For a business defined by its ability to change, this represents both an opportunity and a challenge.

Gensler, who announced his resignation on January 20 as Trump swears, he has become a symbol of what many in the crypto world see as excessive authority authority authority. His administration, characterized by an approach that encourages consensus, has frustrated scholars who have sought clear guidance for years.

One of Gensler’s most controversial actions was the introduction of SAB 121, which required banks to treat digital assets as loans, preventing them from entering the crypto space. Opponents, including Congressman Mike Flood, said the law stifled innovation and blocked barriers to progress.

Flood said, “I look forward to working with the next SEC Chair to repeal SAB 121.” He added that Gensler’s departure presents “an incredible opportunity for new management to turn the site around during Gensler’s tenure.”

But although the second term of Trump has the opportunity to significantly change the way the US deals with the digital economy, his first administration saw him as a vocal critic, making crypto a tool of crime and financial instability. However, his opinion has changed in recent years, perhaps due to the growing influence of the crypto community.

At a Bitcoin conference earlier this year, Trump promised to change the regulatory landscape, portraying himself as a pro-innovation leader who would prioritize economic growth and technological progress. The pivot shows that Trump recognizes the potential of crypto to be a cornerstone of America’s financial future, though it raises questions about how his administration will balance ambition with the need for oversight.

This change in Trump’s attitude reflects what is happening in Washington, where opinions about cryptocurrency are increasing. Bipartisan support for clear legislation has been on the rise, with the House implementing a digital initiative that marks a significant step forward. Although the Senate stalled the measure, the passage of the framework in the House reflects a growing consensus that the US needs a unified approach to managing the digital economy.

Although the future of crypto regulation is unclear, Gensler’s departure and the rise of new voices in Washington create a moment of opportunity for platforms that are ready to innovate. One example is the VCNT, which provides an overview of what companies can achieve under a good regulatory environment.

Integration VicCoinsupporting token, and ViciSwap, a multi-currency exchange platform integrated with Zoom, Discord, and Uniswap, VCNT demonstrates the potential of blockchain. ViciCoin offers users access to exclusive services, content, and live events, while ViciSwap’s ability to manage multi-currency exchanges represents a major advance in a market that is limited to 1:1 swaps, empowering users to quickly diversify or combine their wealth.

And the exit of VCNT is about time. Since the 2024 elections, the crypto market has increased by $1.5 trillion, which shows the growing integration in the economy. The founders of the platform, which in the past were the security bank Oracle’s (Adaptive Access Manager) before the government stepped in that wanted all banks in the USA to improve security, leveraging their deep expertise to place VCNT as a frontrunner in the next wave of blockchain technology. The key is to align progress with legal expectations.

As Trump prepares to take office and Gensler exits the stage, the crypto world finds itself at a crossroads. These companies are poised to benefit from a better business environment, but they are also facing the challenge of managing their own governance and requirements. For crypto advocates, this moment is a time of change and experimentation – an opportunity to define their role in shaping the future of the economy.