The cryptocurrency industry faces challenges from conflicts in presidential priorities.
Powered by ChatGPTThe cryptocurrency industry faces new challenges: conflicts of presidential priorities. Although the cryptocurrency sector is not typically known for its patience, insiders in digital assets may need to cultivate this virtue. Since $Trump spoke at the Bitcoin conference in Nashville, cryptocurrency enthusiasts have been celebrating his promises: if elected president, he would fire their opponent Gary Gensler, create a federal Bitcoin reserve, and make cryptocurrency great again. However, Gensler resigned on inauguration day, and while there were a series of executive actions that day, none involved cryptocurrency or Bitcoin. Additionally, no cryptocurrency executives appeared prominently alongside figures like Mark Zuckerberg, Jeff Bezos, Sundar Pichai, and Elon Musk.