President Trump's inauguration is imminent... Cryptocurrency-related bills likely to take time to pass

With the inauguration of US President-elect Donald Trump just a week away, it may be some time before major cryptocurrency-related legislation goes into effect.
"It's a straight line," said Greg Cipollaro, global head of research at New York Digital Investment Group (NYDIG).
Cipolaro said in a research report on the 10th that "President-elect Trump has promised cryptocurrency regulatory reform ahead of his inauguration, but
"As the inauguration draws nearer, expectations are growing that the new administration will deliver on many of its campaign promises, some of which may come swiftly," he said.
"But other matters may take time," he said. He cited the fact that "key people have not yet been appointed, and those appointed will have to go through a verification process,
"After that I have to assemble my staff," he added. "I am also working on other bills, such as a bill to clarify the role of the Securities and Commodities Regulatory Agency in regulating stablecoins and crypto assets."
"Major cryptocurrency bills may move more slowly," he said, pointing out that "a conservative, free-market-leaning legislature may be more willing to compromise than a more progressive Senate would be."
Such policy implementation may be a matter of priorities, with geographical disputes, budgets and the debt ceiling, global trade and taxes, and immigration issues likely to become more pressing.
He continued, "While all of Trump's nominees have not yet been made public, as far as we know, the nominees coming from cryptocurrency and Bitcoin-related institutions are looking positive.
"One possible change would be to implement a strategic stockpile of Bitcoin, which could be done quickly through an executive order."