Can Cryptocurrency-Friendly Laws Enacted Under Donald Trump Be Rolled Back in Later Terms? Bitwise CIO Answers
The post Can Cryptocurrency-Friendly Laws Enacted Under Donald Trump Be Rolled Back in Later Terms? Bitwise CIO Answers appeared on BitcoinEthereumNews.com. Bitwise CIO Matt Hougan responded to concerns about whether the pro-cryptocurrency laws passed today in the US could be overturned by future administrations. Hougan offered a clear message to skeptics: “No, they will not be overturned.” Hougan wrote in Bitwise’s weekly CIO note that this question is frequently asked: “The question is whether today’s legislative achievements will be reversed by future administrations. My answer is clear: No. I wrote about this in detail in my Bitwise CIO memo this week. At this point, the ‘arrow is out.’” According to Hougan, cryptocurrencies have become a rare issue in Congress that has garnered bipartisan support. The GENIUS Act, which passed the Senate 68-30 in 2025 and received the support of 18 Democratic senators, is a prime example of this. Hougan noted that one of the key reasons for this support is the financial sector’s interest in crypto. He said that the entry of major players like BlackRock, JPMorgan, and Morgan Stanley into crypto has made it difficult for policymakers to back down. “Almost every major financial institution in the US today has a crypto-related initiative,” Hougan said, adding that millions of Americans and thousands of companies are turning to this space, making it almost impossible to turn back politically. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/can-cryptocurrency-friendly-laws-enacted-under-donald-trump-be-rolled-back-in-later-terms-bitwise-cio-answers/
The post Can Cryptocurrency-Friendly Laws Enacted Under Donald Trump Be Rolled Back in Later Terms? Bitwise CIO Answers appeared on BitcoinEthereumNews.com.
Bitwise CIO Matt Hougan responded to concerns about whether the pro-cryptocurrency laws passed today in the US could be overturned by future administrations. Hougan offered a clear message to skeptics: “No, they will not be overturned.” Hougan wrote in Bitwise’s weekly CIO note that this question is frequently asked: “The question is whether today’s legislative achievements will be reversed by future administrations. My answer is clear: No. I wrote about this in detail in my Bitwise CIO memo this week. At this point, the ‘arrow is out.’” According to Hougan, cryptocurrencies have become a rare issue in Congress that has garnered bipartisan support. The GENIUS Act, which passed the Senate 68-30 in 2025 and received the support of 18 Democratic senators, is a prime example of this. Hougan noted that one of the key reasons for this support is the financial sector’s interest in crypto. He said that the entry of major players like BlackRock, JPMorgan, and Morgan Stanley into crypto has made it difficult for policymakers to back down. “Almost every major financial institution in the US today has a crypto-related initiative,” Hougan said, adding that millions of Americans and thousands of companies are turning to this space, making it almost impossible to turn back politically. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/can-cryptocurrency-friendly-laws-enacted-under-donald-trump-be-rolled-back-in-later-terms-bitwise-cio-answers/
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