Is the Trump administration a catalyst for growth? Shiba Inu prices have risen around 92% over the last 12 months, and some of this might be related to political optimism. On the campaign trail, President-elect Donald Trump struck a conciliatory tone toward the cryptocurrency industry, suggesting he might create a Bitcoin strategic reserve and potentially ease regulations on digital assets.
If true, this would mark a significant departure from the Biden administration, which saw the Securities and Exchange Commission (SEC) file lawsuits against major industry players like Coinbase over alleged violations of securities law. According to The Associated Press, Trump plans to fill the open spot following the announced resignation of the current SEC head, Gary Gensler, with cryptocurrency advocate Paul Atkins, who is widely expected to take a softer approach.
Less regulatory uncertainty could open the door for more stable institutional ownership in the industry, which could reduce volatility and support growth. That said, the early benefits will probably flow to more established coins like Bitcoin and Ethereum. And it could take years for Shiba Inu to shed its meme coin stigma. Is Shiba Inu a buy? Right now, most of the bullish catalysts for Shiba Inu this year are related to the cryptocurrency industry as a whole, not Shiba Inu specifically. The token doesn’t have many fundamental advantages that help it stand out from the thousands of other competing projects. If Shiba Inu remains popular over the long term, it could eventually shed the meme-coin stigma and become more accepted as an investment vehicle despite its lack of real-world utility. But until then, investors may want to stick to the more established coins like Bitcoin and Ethereum, which stand to benefit the most from potential industry deregulation.
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