Opportunities and challenges from elections: The recent US elections are expected to have a significant impact on cryptocurrency regulation policy. Peter Van Valkenburgh, Director of Research at Coin Center, analyzed the opportunities and challenges the industry may face. He believes that a clearer legal environment will help promote innovation and development in the cryptocurrency sector. However, it is essential to ensure the rights of developers and users are protected.

Clearer regulatory framework: Coin Center believes that clearer regulatory frameworks may be enacted for centralized markets and stablecoins. This move reflects a positive outlook on the potential to promote innovation in cryptocurrency applications. Protective measures for investors and transparency rights in the system will be crucial factors.

Challenges from oversight and regulation: Van Valkenburgh warns that excessive oversight could negatively impact the cryptocurrency industry. Strict oversight and regulatory measures could discourage developers and hinder innovation. He also points out that issues related to regulatory and legal compliance need careful consideration to avoid violating constitutional rights.

Perspective on new administration: Coin Center has a cautiously optimistic view of Trump’s new administration, showing the potential to reduce pressure on cryptocurrency developers. However, the organization remains cautious about anti-money laundering policies and sanctions. Protecting fundamental freedoms and privacy is considered essential for maintaining the development and integrity of cryptocurrencies.