Bitcoin is currently experiencing a resurgence in trading activity, as there is an expectation that President-elect Donald Trump will position the U.S. as the "crypto capital of the world."

However, there are concerns that regulatory measures may be necessary to prevent potential market disasters. While cryptocurrency technology has the potential to enhance financial transactions, many current enterprises, including those supported by Trump, do not seem to be taking advantage of these benefits. Most popular digital tokens are seen as speculative assets and lack ties to real-world financial flows. Additionally, the platforms on which these tokens are traded have faced scrutiny for scams and conflicts of interest.

Under the Biden administration, the Securities and Exchange Commission (SEC) has taken a stricter approach to regulating the crypto industry. Chair Gary Gensler has initiated legal action against major trading platforms Binance and Coinbase for alleged violations of securities law. This regulatory approach differs from the efforts in Europe to create a more accommodating framework for cryptocurrency.