Amy, I heard Trump made a bunch of promises to the crypto industry before the election. What did he say he’d do?

Yeah, he made a lot of promises! One of the biggest is that he wants to create a national Bitcoin stockpile, meaning the U.S. government would hold onto all the Bitcoin it has seized instead of selling it off.

Wait, the government sells Bitcoin?

Yes, usually when the government seizes Bitcoin from criminals, they auction it off. Trump is saying he wants the government to keep it instead, kind of like a reserve.

Oh, that’s interesting! What else did he promise?

Another big promise is to fire Gary Gensler, the SEC chair. Gensler has been really strict on crypto companies, and Trump said he’d replace him with someone more supportive of the industry.

Can Trump actually fire him just like that?

Not exactly. He can appoint a new SEC chair, but Gensler would still stay on as a commissioner. So it’s not that simple.

Got it. Anything else?

Yes, Trump wants to create a ‘bitcoin and crypto advisory council.’ This council would be made up of people who support crypto, and they’d help write new rules for the industry.

That sounds like it could be really helpful for companies. What about Bitcoin mining? I heard something about that too.

Right! Trump wants all Bitcoin mining to happen in the U.S. He thinks this will make the country ‘energy dominant’ and protect Bitcoin from being controlled by other countries.

Wow, so he wants all Bitcoin to be ‘made in the USA’?

Exactly! He’s even said he wants so much electricity generated for mining that people will be begging him to stop.

Haha, that’s intense! Anything else he mentioned?

Yes, Trump also talked about lowering interest rates, which could help boost crypto prices. Lower rates make it cheaper to borrow money, and that often drives up investments in things like crypto.

Sounds like he has a big pro-crypto plan. Do you think he’ll actually do all this?

It’s hard to say, but the industry is definitely excited about his promises. If he follows through, it could be a huge boost for crypto in the U.S.

Well, I guess we’ll have to wait and see. But it seems like crypto’s future in the U.S. could be pretty bright if Trump keeps his word.

Absolutely! If even a few of these promises happen, it could make a big difference for the crypto world.