There has been a lot of talk about the crypto world ever since Trump was elected as the new US President. While he was still campaigning, Trump changed his mind on the crypto world. At the start, he opposed them fiercely but started showing support towards the end as he was saying that he was ready to welcome cryptocurrencies.
The NEW SEC Chair Backs Crypto
Back in December 2024, Trump nominated Paul Atkins as the new SEC chair. Atkins worked as an SEC commissioner from 2002 to 2008 and he’s known for his pro-business persona. Currently, Atkins is the CEO of Patomak Global Partners, a consulting firm whose main clients come from the cryptocurrency industry.
While talking about Atkins, Trump noted that he’s a “proven leader for common sense regulations” and that’s why he’s the perfect man for the job.
Just a few years ago, Trump considered cryptocurrencies a major scam. However, during his presidential campaign in 2024, he noted that he wanted to make the US “crypto capital of the planet and the Bitcoin superpower of the world.”
Not only that, but Trump and his sons launched a new crypto business called World Liberty Financial. Just before his inauguration, the business purchased $100 million worth of tokens within a few hours. Bitcoin accounted for around $47 million and Ethereum accounted for $4.4 million.
And if that’s not enough, both Trump and Melania launched their meme coins. Just like experts predicted, $TRUMP soared in value a day before Trump’s inauguration. It reached a peak value of around $74.59 before dropping down. During Trump’s inauguration, Bitcoin also sky-rocketed to $109,071.
Will Trump’s Administration Control the Crypto World?
While talking about the new shift in the crypto market, Frank Chaparro, an early Bitcoin investor, stated that “we have a seismic shift in the approach” in the way the government and regulatory agencies see these digital assets.
According to him, there’s a high chance that “banks will be able to touch crypto” and thus, ease off the pressure by the previous administration. Under Biden’s administration, the Federal Deposit Insurance Corporation forbade banks to work with companies that are tied to cryptocurrencies. According to Chaparro, these regulations were choking the crypto world and he’s glad that they’re over.
Both legal experts and analysts are now debating on whether Trump can create a crypto reserve and hold Bitcoin. Some believe that this reserve could hold seized tokens from the past. According to the data, the US government has seized 200,000 or more tokens whose value sits at $21 billion.
What Does This Mean for Crypto Gambling?
The crypto gambling industry, especially the one in the US, is currently at a big intersection. Historically looking, right-wing governments have been opposing the gambling industry. However, online casinos and sportsbooks have had a major growth in the last few years.
They bring in billions of dollars in GGR and collect a lot of tax revenue. The tax revenue is then used to fund education, responsible gambling, infrastructure and the economy.
Gambling experts believe that there’s no way that the new administration will crack down on gambling simply because the revenue from it helps the community a lot.
Loosening regulations regarding cryptocurrencies can make a huge positive impact. Gambling sites will be able to accept deposits and withdrawals via cryptocurrencies and thus, handle financial transactions in a much more efficient manner.
Using standard payment methods such as cards isn’t as efficient as one would think. When players send withdrawal requests, it may take up to 7 working days before they receive their funds. Cryptocurrencies will make this process seamless as both deposits and withdrawals with them are instant.
They will also be able to claim various bonuses and promotions codes with ease. Thanks to the fact that the crypto world can become regulated under Trump’s administration, security while using crypto at online casinos will be at the highest levels. All risks of fraud will be taken out of the equation.
In short, cryptocurrencies can make the US gambling industry much more efficient and secure. Of course, this remains to be seen and we’re still early to tell whether they will flourish under the new president or not.
Betting with MEME Coins – Final Thoughts
Playing at Bitcoin casinos with MEME coins is pretty much identical as playing with any other cryptocurrency. They’re a great pick for those who are looking for extra entertainment. The only that every gambler should remember is that their volatility rate is pretty high. As such, they’ll have to pay extra attention to the amounts that they depositing and withdrawing.
