Former President Donald Trump has delivered a crushing blow to Vice President Kamala Harris and the broader Democrat party. For the moment, there is a lot of introspection and finger-pointing as to how Trump could have won both the Electoral College and the popular vote, sweeping the so-called “Blue Wall.” Many pundits point to the radical shift within the Democrat party – away from its Liberal foundation and towards Progressive extremes. Regardless, the US and the world are preparing for four years of Trumpian leadership during an exceptional, dicey period of global strife.
Fintech and sectors like digital assets will be handled differently following the four years of stymied innovation driven by the Biden administration. Trump has loudly supported digital asset innovation to the point that many in the Fintech industry supported his candidacy.
CI has received multiple comments on what the President-elect’s administration means for Fintech innovation. Insiders in both the UK and the US shared their opinions on what this all means.
Boris Bohrer-Bilowitzki, CEO of European digital identity firm and Regtech Concordium, shared the following thoughts:
“Donald Trump’s landslide election win in the 2024 US Presidential Election is not only a historic moment in American politics but also hugely positive news for the country’s crypto and digital assets industries. In the past, Trump hasn’t been shy about voicing his enthusiasm for crypto and other digital assets, pledging to make the US the superpower of these fields should he enter the White House for a second term. With Bitcoin and Ethereum increasing in value following his win, it’s my view that Trump becoming the 47th president of the US will be the best outcome for crypto and other digital assets companies based in the US and further afield.”
He predicted that a lighter approach to regulating digital assets, favoring innovation and support of startups will make the US a more attractive jurisdiction for both domestic and global entrepreneurs. It will also help the US to “outflank competitors like China in the long term.”
“I would also take note of the close relationship between Trump and Elon Musk, who is likely to play a key role in the next Trump administration,” added Bohrer-Bilowitzki. “Musk has long supported crypto and other digital assets, so any involvement of his in the next US government can only be a win for the industry.”
Digital lender Rohit Arora, CEO of Biz2Credit, says Trump’s return to the White House could substantially benefit small business owners.
“President Trump has promised to cut inflation. Look for him to curb the spending programs that add to the government debt and result in higher interest rates. He also supports banking deregulation, which slows down the business loan process so that capital can get into the hands of small business owners,” said Rohit Arora, CEO of Biz2Credit and one of the nation’s leading experts in small business lending. “A new President brings a sense of optimism. Trump means business, and his return to the White House should help restore faith in the American Dream. I would look for him to continue expanding access to capital, which will help strengthen small businesses, the backbone of the U.S. economy.”
“The GOP’s commitment to clear crypto regulations and making Bitcoin a strategic reserve asset is set to be a game-changer for industry growth,” stated Jean-Marie Mognetti, CEO of CoinShares, adding they have always believed that America would enable crypto adoption and ultimately lead the world.
“Now, we’re about to see this shift happen, making widespread U.S. crypto adoption feel more like a sure thing than ever before.”
Mognetti noted that their expansion into the US via their acquisition of Valkyrie reflects their company strategy.
James Butterfill, Head of Research at CoinShares, added his voice lauding the Republican takeover.
“The key focus here is on the prospects for the Bitcoin Act’s approval, especially given that Republicans are expected to gain control of both the House and the Senate. This act proposes holding Bitcoin as a strategic reserve asset, with the U.S. government potentially acquiring 5% of the Bitcoin supply. In addition, Trump has been openly critical of the SEC and its chairman, Gary Gensler, suggesting a more crypto-friendly approach may be taken by the SEC. Trump is also expected to implement tighter fiscal policies to address the growing U.S. debt problem. This fiscal restraint could lead to looser monetary policy as a counterbalance, which would be favorable for digital assets.”
Butterfill expects that investing in crypto will continue to rise, predicting “record inflows into Bitcoin this year and next.”
Anmol Singh, Founder of Zeta Markets, also anticipates a more relaxed regulatory landscape for digital asset markets:
“We expect this to accelerate investment and capital inflows into crypto alongside increased innovation and adoption as crypto firms are able to innovate and move faster. Solana stands as a front-runner to benefit from these windfalls due to the masses of users, vibrant base of capital, battle tested protocols and its ever increasing decentralisation. It also has an opportunity to move alongside BTC and ETH, cementing itself as a major if it gains ETF approval.”
Mouloukou Sanoh, CEO and Co-Founder of UK DeFi firm MANSA, said that if Republicans follow through on their promises, this could be a win-win for the DeFi space.
“Their commitment to safeguarding digital asset rights and resisting central bank digital currencies creates a more welcoming environment for blockchain innovation. Clear regulatory frameworks would not only protect investors but also encourage broader participation in tokenized real-world assets. For companies like MANSA, this shift enables us to expand our offerings and drive forward the adoption of blockchain technology in transforming traditional asset markets.”
Amr Adawi, co-CEO and co-founder of UK-based MetaWealth, said that with Republicans winning the Presidency, Senate, and likely the House, we can expect a Crypto / DeFi / blockchain-friendly administration.
“Republicans have been vocal opponents of creating a central bank digital currency (CBDC), arguing it could enable government surveillance and control over Americans’ financial activities. Instead, they advocated for protecting individuals’ rights to self-custody of their digital assets and to transact freely without government interference. Several Republican lawmakers, including Tom Emmer and Patrick McHenry, have introduced legislation limiting the Federal Reserve’s authority to issue a CBDC and preserving private sector innovation in digital assets.”
Adawi said Republicans’ pro-innovation posture could dramatically help the RWA [real-world asset] tokenization space.
“Clear regulatory frameworks protecting digital asset rights would enable broader participation from US investors in tokenized real-world assets. By focusing on investor protection while limiting unnecessary oversight, this approach could accelerate the adoption of tokenized RWAs by:
• Providing clarity for issuers on compliant tokenization structures
• Enabling more efficient secondary market trading of tokenized assets
• Supporting institutional adoption through clear custody and trading guidelines
• Preserving the innovation potential of blockchain technology in modernizing traditional asset markets”
And finally, Zumo’s Founder and CEO, Nick Jones, commented:
“Trump has been perceived as the significantly more crypto friendly candidate, and supporters will now hope for a more innovation friendly environment. Part of that innovation is the enormous global opportunity for climate investment and climate impact we have seen catalysing in the US. We have already seen significant advancements in Europe relating to crypto and sustainability, such as mandatory sustainability disclosures for crypto-asset service providers under the Markets in Crypto-Assets (MiCA) regulation. And during the recent Climate Week NYC, we felt energised by the enthusiasm from US providers and their movement towards adopting environmentally friendly practices.”
Jones hopes the US will join Europe’s digital asset sustainability requirements.
“We believe in the transformative potential of blockchain and AI to build a better world and drive the energy transition, but we can’t ignore the vast amounts of electricity these industries consume. Innovation in these sectors must not come at the cost of the planet. We hope to see continued positive developments out of the US.”
