JAKARTA - The re-Inauguration of Donald Trump as President of the United States in January 2025 brought fresh air as well as new challenges to the crypto industry. This decision is predicted to affect the dynamics of broad-impact economic regulations and policies, including in the digital currency sector. Upbit Indonesia, one of the leading crypto platforms, provides an outlook on the impact of Trump's inauguration on the crypto market, both in the US and in Indonesia.
Trump's inauguration sparked speculation about the policy direction to be implemented regarding crypto regulation. During his previous administration, Trump tended to support pro-business economic policies more.
Even so, on the other hand, there are concerns that the policy could trigger tighter scrutiny of the crypto industry, there is a possibility Trump will introduce more open regulations for new technologies, but with more scrutiny to prevent potential abuse.
Upbit Indonesia has the view that this policy change could have a positive impact on the crypto industry for the long term, due to the potential for wider adoption of blockchain technology and greater acceptance from traditional financial institutions. However, Upbit also emphasized the importance of industrial readiness in adapting to the possibility of stricter regulations related to investor protection and transaction transparency.
"With policies that are more open to new technologies, we see that there are great opportunities for innovation in the crypto industry. However, strict regulations can also be a challenge for the crypto industry, especially for those who are not ready with higher surveillance standards," said Resna Raniadi, Chief Operating Officer (COO) of Upbit Indonesia, in a written statement, Thursday, January 30.
Trump's inauguration also had an impact on the sentiment of crypto investors. Upbit Indonesia observes that although there are confidence from some parties in Trump's economic policies that support the free market, the no crypto policies and regulations issued will affect user investment decisions. Some investors may feel more cautious and tend to wait for clarity on future policies before making major investment decisions.
In Indonesia, Upbit notes that although the domestic market is more affected by global trends, many investors see strong crypto growth potential, despite the uncertainty caused by Trump's inauguration. This is also driven by the increasing number of Indonesians who are increasingly familiar and interested in investing in crypto.
Donald Trump's re-launch opens a new chapter for crypto economic policies and regulations. There is likely to be positive potential in terms of policies that support economic growth and innovation, which are accompanied by stricter regulations. The development of policies issued can make user investment decisions more informed and strategic," said Resna.
Upbit Indonesia also emphasized the importance of education for Indonesian investors in dealing with potential changes to come.
"Following the development of regulations in the US and its impact on the crypto industry is critical to understanding the direction of the global market. We will continue to provide transparent information and analysis to help users make better decisions in investing in crypto," concluded Resna.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
