Clayton said recent Supreme Court rulings aimed at curbing executive branch powers could force regulators to review existing legal frameworks and rules. He suggested a favorable regulatory environment for businesses, particularly public companies, which might be discouraged by burdensome regulations.

Clayton declined to comment on the specific role he might play in a possible Trump administration. However, he said that if he was offered a position as a regulator, he would accept it. At the same time, the crypto industry is bracing for sweeping policy changes. Many hope the new legislation will bring much-needed clarity and stability to a rapidly changing sector.

Investment optimism is clearly visible on Wall Street, with Bitcoin recently approaching the US$90,000 level. Bitcoin has gained more than 25% since Donald Trump’s victory in the US presidential election was declared. Bitcoin reached its highest price in Asia this week, at US$89,637, after the results of the November 5, 2024 election were announced. Learn more

Thus, new American crypto legislation with lax rules should promote the crypto boom. Industry analysts are eagerly awaiting Trump’s next crypto move.