Alessandro Valentino of VanEck thinks that Trump, the “Crypto President,” is establishing a precedent for other nations.
The administration of Donald Trump has made it easier for cryptocurrency companies to enter the tradFi market. Other nations are now imitating this. Alessandro Valentino, a product manager for VanEck, an investment management company, discussed how European investors and regulators perceive cryptocurrency in an interview with crypto.news.
Europe is becoming more interested in digital assets. VanEck announced on August 27 that the AUM of its Europe-based diversified cryptocurrency ETF had surpassed $500 million. Given that regulations are shifting in a positive way, Valentino emphasized that VanEck was among the first companies to offer cryptocurrency exchange-traded funds (ETFs) in the EU.
Significant progress has been made in Europe under the DLT pilot program. According to Alessandro Valentino of VanEck, it basically allows businesses to establish a sandbox environment in which they can test distributed ledger technologies.
The Trump administration is setting the standard.
U.S. regulatory reforms served as a major impetus for much of the recent progress in Europe. Alessandro Valentino of VanEck claims that the Trump administration is still removing significant barriers for the cryptocurrency sector.
Particularly in terms of regulations, Trump provided a great deal more clarity. Alessandro Valentino of VanEck stated, “I mean, he fired Gary Gensler, who for years was obviously against the creation of any crypto ETF whatsoever.” “He also opposed de-banking, which caused problems for a lot of cryptocurrency companies.”
However, the pace of change in Europe is different. The MiCA regime, whose effects need to be evaluated, is not the main problem, according to Valentino. Rather, regulatory fragmentation is the main problem.
ETF launches are easier in some nations, such as Germany, Luxembourg, and Ireland, but more challenging in others.
“Crypto President” Trump a risk for the industry?
With good reason, Trump is obviously trying to connect his brand to cryptocurrency. In the 2024 elections, cryptocurrency companies spent $131 million, primarily supporting Republicans.
But as Trump’s approval rating declines, political tides might begin to turn. But according to Alessandro Valentino of VanEck, who called Trump the “Crypto President,” a change in leadership wouldn’t reverse the gains that have been made.
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“Every industry engages in some lobbying once it reaches a certain size,” Valentino said. “I don’t believe that Bitcoin will be significantly impacted by Trump’s approval rating. He concluded by saying, “I would rather say that Trump needs to be aligned with crypto than crypto has to be aligned with Trump.”
Source : Crypto.news
