Could cryptocurrency companies make their way into the mainstream? All Eyes on Trump 

Could cryptocurrency companies make their way into the mainstream? All Eyes on Trump 

Dil Bar Irshad | January 20, 2025 | 07:48 AM IST | United States of America, World | Tags: America, Bitcoin, cryptocurrency companies, Trump Administration | Follow on Google News

Could cryptocurrency companies make their way into the mainstream? All Eyes on Trump

As the cryptocurreny in the United States can go into a new phase, if the recent and ongoing crypto-talkback gets the implementation. 

As the new administration roars for its ceremony on January 20, the executive order regarding the cryptocurrencies is being discussed. As per Bloomberg, after the takeover in America, Trump may order the creation of a crypto council, which would be a bonus for the cryptocurrencies.

As per sources, an order for the end of Operation Choke Point 2.0 is expected from the Trump Administration. This Operation Choke Point 2.0, which keeps cryptocurrencies out of the traditional financial system, if it ends, will allow the cryptocurrency companies to achieve making their place in the mainstream financial system.

As per global media bodies, advisors of Trump have also discussed directing the Securities and Exchange Commission to rescind SAB 121 through an executive order.

SAB 121 made the holding of cryptocurrencies too costly for some companies and banks on behalf of the third parties. If the creation of a crypto council takes its formulation, it could advise the government on crypto-friendly policy.

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As January 20 is a few inches away, and if the Trump executive order came in his initial days of power, it would reduce the burden on the cryptocurrency companies and would bat for digital asset promotion and adoption.

Bitcoin on Friday hits its highest level of 2025, as cryptocurrency investors are eagerly waiting for Trump’s second presidential term inauguration on Jan 20. If this happens, cryptocurrency companies would definitely avail themselves of the services and would surely avail themselves of the functionality of the mainstream financial system.

A correlation may be understood between Trump’s plan and the trading of cryptocurrency companies by the recent hit/surge of Bitcoin. As Bitcoin traded around $104,800 Friday afternoon and hit its highest level in the year 2025 near $105,900 earlier on the day.

The data of the Consumer Price Index for the month of December also saw ease in core prices more than expected. 

Meanwhile, analysts have forecasted the Bitcoin to rocket to a record of $225,000 per coin by year-end, up from prior expectations for $145,000.

H.C. Wainwright stated that 2024 has set the stage for a bitcoin bull market and hinted the total market cap would exceed $100 billion in 2025. Whereas, VanEck, in its 2025 crypto report, predicted the corporate bitcoin holdings to surge 43% as more companies accumulate the Bitcoin.

The implementation of favorable crypto-friendly policies under the incoming Trump administration has recently contributed to a significant rise in Bitcoin’s value and looks like a relief for other cryptocurrency companies. 

Dil Bar Irshad

Dil Bar Irshad is a seasoned journalist, hails from Jammu Kashmir's Doda, covers political, social, business stories, index stories.