As President-elect Donald Trump prepares to take office, the US crypto industry eagerly awaits signs of how his administration will approach digital asset regulation. According to Samson Enzer, a leading crypto attorney, Trump has a golden opportunity to restore America’s crypto leadership from day one—with a simple executive order.
The Chilling Effect of SEC Overreach
In recent years, the SEC’s heavy-handed crypto enforcement has driven many innovators offshore, jeopardizing America’s position in the global digital economy. As Enzer explains:
“The SEC under Gary Gensler has teed up case-after-case against crypto companies, projects and founders based on allegations that they violated outmoded rules, even where there are no claims of fraud or investor harm.”
This “regulation-by-enforcement” approach has sown uncertainty and fear, chilling industry growth. But according to Enzer, it’s not too late to change course.
An Executive Order to Jumpstart Reform
On January 20th, Trump can issue an executive order directing all federal agencies to:
- Immediately halt crypto enforcement actions unless there are credible allegations of intentional fraud or national security threats
- Provide justification reports for any crypto cases they believe warrant continued prosecution
- Promptly drop all other crypto investigations and lawsuits
This decisive action would provide much-needed relief to legitimate crypto businesses that have been unfairly targeted. More importantly, it would signal that the new administration intends to foster, not stifle, crypto innovation in America.
Making America the Crypto Capital of the World
Beyond enforcement, Trump’s executive order would kickstart a new era of forward-thinking crypto policy in the US. As Enzer writes to the President-elect:
“The current moment presents a once-in-a-generation opportunity to make America the crypto capital of the world, and harness the transformative promise that digital assets and blockchain technology hold for our country.”
Of course, an executive order is just the beginning. Enzer acknowledges that realizing this vision will require extensive legislative, regulatory and tax reforms. But a strong presidential directive can pave the way by:
- Unshackling the crypto industry from oppressive enforcement
- Empowering pro-innovation leadership at the SEC and other agencies
- Spurring Congress to pass clear, crypto-friendly laws and regulations
Seizing the Moment for Generational Impact
America stands at a pivotal juncture. Will it cede crypto leadership to other nations racing to attract digital asset businesses? Or will it renew its role as the global standard-setter?
With other countries moving swiftly to provide regulatory clarity and incentives for crypto firms, the US is at risk of being left behind. As one industry executive warned:
“The next generation of tech innovation and economic growth is being built on blockchains. If draconian regulation forces crypto offshore, America will lose out on one of the greatest wealth creation opportunities in history.”
Fortunately, Trump has the power to put America back on the cutting edge, unleashing a new era of entrepreneurship, job creation and technological leadership. In Enzer’s words:
“You can make America the center of the global crypto economy. The proposed Executive Order can be your first step, on Day One of your Presidency, towards achieving that goal.”
For an administration that has promised to put “America First,” embracing crypto presents a historic chance to secure the nation’s preeminence for generations to come. The world is watching to see if Trump will seize the moment—or let it slip away.
