<\/p>\n
\u00a0<\/p>\n
The cryptocurrency industry is entering a new phase of development amid a series of contentious events \u2013 <\/span>from high-profile political statements and promises to pardon certain \u2018icons\u2019 of the darknet community to the new administration\u2019s discussed course on serious blockchain sector reforms.<\/p>\n In this article, I will share my opinion on how events related to Donald Trump\u2019s inauguration will impact the crypto market, what initiatives might be implemented after February 20, 2025 and what lessons can be learned from years of interaction between the state and digital assets.<\/p>\n Trump and Republicans \u2013 <\/span>Monopolizing power and the risks of a split<\/strong><\/p>\n According to some statements, a unique situation is currently unfolding in which Republicans have gained the majority in both Congress and the Senate, as well as in the House of Representatives.<\/p>\n This grants them the ability to pass laws more swiftly and confidently and to lobby initiatives, including those related to cryptocurrency regulation, Big Tech and more.<\/p>\n However, a monopoly on power carries the risk of internal division if parts of the party find the course too radical or dangerous for their constituents.<\/p>\n The role of Elon Musk and potential conflicts<\/strong><\/p>\n Elon Musk is a prominent figure whose statements influence crypto markets<\/a>, geopolitics and global business.<\/p>\n Some commentators suggest the following.<\/p>\n Amnesty for the darknet network founder<\/strong><\/p>\n President Donald Trump signed an executive order for the full and unconditional pardon of Ross Ulbricht, the creator of the darknet marketplace Silk Road, who was serving a double life sentence.<\/p>\n Many fear that such actions by the authorities could once again shape the media narrative to equate \u2018cryptocurrency with illegal operations, fraud and scams.\u2019<\/p>\n This reputation hindered the institutional recognition of Bitcoin<\/a> and other cryptocurrencies in the early 2010s and could negatively affect them now.<\/p>\n As a result, here are the possibilities that could occur.<\/p>\n Tornado Cash and mixers \u2013 <\/span>Double standards or necessary control<\/strong><\/p>\n Tornado Cash allows transactions on the Ethereum<\/a> network to be mixed, obscuring the trail between sender and receiver.<\/p>\n This increases privacy but also introduces risks, such as the following.<\/p>\n Vitalik Buterin stated that after Ross Ulbricht\u2019s release, the next targets<\/a> might be Tornado Cash team members Alexey Pertsev and Roman Storm.<\/p>\n If similar leniency is shown as with the creator of the largest darknet marketplace, it will raise additional suspicions that the new authorities are encouraging gray schemes.<\/p>\n Risks for the crypto market and future scenarios<\/strong><\/p>\n 1. New wave of FUD (Fear, uncertainty and doubt)<\/p>\n 2. Regulatory pressure<\/p>\n 3. Influence of major personalities<\/p>\n 4. Collapse or restructuring scenario<\/p>\n Conclusion<\/strong><\/p>\n The situation surrounding crypto remains contradictory.<\/p>\n On one hand, there are signs of the mass adoption of digital assets.<\/p>\n On the other hand, political factors, high-profile criminal cases and amnesties of scandalous figures could revert the market to a state of total distrust.<\/p>\n High stakes in the political arena \u2013 <\/span>toxic cases like Silk Road and Tornado Cash, as well as potential conflicts involving Elon Musk \u2013 <\/span>heighten caution.<\/p>\n It is not out of the question that in the coming months we will witness significant regulatory changes in the United States capable of affecting the global crypto market.<\/p>\n Yaroslav Kalynychenko is the head of marketing at Generis Web3 Agency<\/a> and an expert in promoting crypto, fintech and innovative digital solutions.<\/span><\/p>\n \u00a0<\/p>\n\n
\n
\n
\n
\n
\n
\n
\n
\n