Hundreds of pro-crypto lawmakers were elected earlier this month, alongside Donald Trump's victory in the presidential race, indicating a significant shift in the political landscape favoring cryptocurrencies.
Porter stated, "You have a lot of excitement around the strategic Bitcoin reserves, but I think it's also important that the folks in Washington, DC get some of the more basic structures across the finish line." He emphasized the need for basic regulatory frameworks to govern the crypto sector.
"The Trump team hasn't said anything about supporting market definition legislation or other basic structure rules for Bitcoin and its relatives - but they’ve got to be supportive of the market structural legislation," Porter remarked, indicating a hopeful outlook on future policies.
Post-election, Bitcoin advocates expressed enthusiasm for the impending collaboration with lawmakers. Porter mentioned, "Our team will have direct lines to senior government officials," highlighting the potential for more influence in policy discussions.
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