Trump promised to reexamine crypto regulations during the campaign. However, NYDIG’s head of global research, Greg Cipolaro, stated in a note dated January 10 that significant changes in crypto policies should not be expected immediately after Trump’s inauguration.

“The inauguration may have renewed hopes that campaign promises will be implemented, but some promises need time to be implemented,” Cipolaro said.

In particular, he stated that the appointments to key positions under the new management should be completed, these names should go through the approval processes and then they should establish their teams.

It is anticipated that this situation may cause a delay in critical regulations, such as stablecoin regulations and bills clarifying the role of securities and commodities regulating institutions.

The NYDIG report stated that progress on crypto regulations will depend on the order of priority. It was emphasized that issues such as geopolitical conflicts, budget and debt ceiling, global trade, tariffs and immigration could be addressed before crypto regulations.

It was noted that among the names Trump appointed for the new administration, the appointments made for the Treasury Department, Securities and Exchange Commission (SEC) and White House digital asset consultancy were positively received in the crypto industry.

However, appointments to critical positions such as the Commodity Futures Trading Commission (CFTC), Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation have not yet been announced. “We are receiving promising signals for the crypto industry from the appointments Trump has made so far,” Cipolaro said.

The report also included the idea of ​​creating a strategic Bitcoin reserve as a possible change. Cipolaro said such a step could be quickly implemented by Presidential Decree.

In fact, a draft decree prepared by a Bitcoin advocacy group has been circulating on social media. However, it was stated that such a decision “may not be permanent and may be canceled by the next president.”

It is stated that $18.3 billion worth of Bitcoin seized by the US government can be used for this reserve. Cipolaro added that this may eliminate concerns that the United States will become a seller of Bitcoin, but it will not create additional demand on the market.

Regulations regarding stablecoins and the laws that will determine the jurisdiction of the institutions that will oversee the crypto market may become more complicated due to the conservative and free market-oriented approach in the current legislature. It is stated that this situation will slow down progress.

Cipolaro stated that there are bureaucratic obstacles to the rapid implementation of these regulations and emphasized that investors should not expect major changes in the short term.

It is expected that crypto policies will be reorganized during Donald Trump’s presidency, but it is clear that this process will not be rapid. Considering appointments, approval processes, and other priorities, implementation of major crypto laws could take several months or even years.

Still, Trump’s perceived crypto-friendly policies raise long-term prospects for the industry.