WSJ sparks buzz on crypto's future with Trump

A Wall Street Journal (WSJ) article sparked lively debate on social media by suggesting the U.S. war against crypto may end under Donald Trump’s presidency.

The report hinted at a potential shift in the SEC’s regulatory approach, with Trump’s administration expected to ease legal battles against crypto exchanges after Gary Gensler’s resignation.

Trump has yet to announce his choice for the next SEC Chair, but several pro-crypto candidates are rumored to be in the running.

Paul Atkins, a former SEC Commissioner from 2002 to 2008, is seen as a front-runner and currently heads financial consulting firm Patomak Global Partners.

Mark Uyeda, an SEC Commissioner since 2022, has garnered attention for his pro-crypto stance, aligning with Trump’s deregulatory agenda.

Brian Brooks, the former acting Comptroller of the Currency, and Robert Stebbins, a former SEC General Counsel, are also strong contenders.

Other notable names include legal heavyweights Richard Farley and Norm Champ, respected for their expertise in financial law and policy.

Social media buzzed with responses to the WSJ article, with prominent figures sharing their optimism about a friendlier regulatory environment.

“WSJ: US war against crypto is over. What a vibe shift,” commented by Nate Geraci, co-founder of the ETF Institute.

“Free at last. Free at last,” stressed by DTAF Capital founder Dan Tapiero.

He added that the transition to Gen X leadership, referencing figures like Elon Musk, Marc Andreessen, and Bill Ackman, marks the decline of cancel culture and the rise of 90s Libertarian ideals.

The potential Trump-era approach signals a clash between decentralised financial freedom and centralised state authority.

Supporters hope the administration will reduce regulatory aggression, fostering markets that prioritise personal sovereignty and innovation.

By promoting voluntary systems over coercive regulation, the shift could enable sustainable economic stability and align wealth creation with market preferences.

Many see Bitcoin (CRYPTO:BTC) and cryptocurrencies as tools to bypass state-imposed financial restrictions, appealing to those valuing economic autonomy.

A Trump presidency could pave the way for a pro-crypto regulatory environment, highlighting a commitment to freedom in financial markets.

This potential pivot underscores the importance of preserving voluntary economic exchanges and minimising state interference in fostering innovation and fairness.

The anticipated changes reflect a broader cultural and political shift, aligning cryptocurrency adoption with the evolving values of freedom, decentralisation, and market-driven solutions.

At the time of reporting, Bitcoin price was $97,443.69.