Following Donald Trump's recent victory in the 2024 presidential election, discussions surrounding the future of cryptocurrency in the U.S. have intensified. Key figures in the crypto sector, including former Commodity Futures Trading Commission Chairman Christopher Giancarlo and incoming White House AI and Crypto Czar David Sacks, are advocating for significant regulatory changes. Giancarlo highlighted the need to end de-banking practices and implement stablecoin regulations. Sacks emphasized the potential of blockchain technology to democratize finance and expressed a commitment to developing a regulatory framework that fosters innovation domestically. Additionally, Trump has proposed a 10-for-1 cut in regulations, aiming to reduce red tape and stimulate job creation and growth in the crypto industry. Incoming Senate Banking Committee Chair Tim Scott echoed these sentiments, stating his eagerness to collaborate with Trump and Sacks to create a conducive environment for digital assets in the U.S.