<\/p>\n
VanEck\u2019s Alessandro Valentino believes that the \u201cCrypto President\u201d Trump is setting a precendent for other countries. <\/p>\n
<\/p>\n
Donald Trump\u2019s administration has opened the doors for crypto businesses to expand into tradFi. Now, other countries are following by example. In an interview with crypto.news, Alessandro Valentino, a product manager for investment management firm VanEck, shared his view of European investors and regulators view crypto. <\/p>\n
Interest in digital assets in Europe is growing. On August 27, VanEck revealed that its Europe-based diversified crypto ETF surpassed $500 million in AUM. Valentino stressed that VanEck was one of the first firms to offer crypto ETFs in the European Union, seeing that regulation is changing in a favorable direction. <\/p>\n
\n\u201cIn Europe, with the DLT pilot regime, there has been significant progress. It essentially enables companies to create a sandbox environment where they can experiment with distributed ledger technologies,\u201d Alessandro Valentino, VanEck. <\/p>\n<\/blockquote>\n
<\/p>\n
Trump\u2019s administration is leading the way <\/h2>\n
Much of this recent progress in Europe was inspired by regulatory changes in the U.S. According to VanEck\u2019s Alessandro Valentino, Donald Trump\u2019s administration continues to remove major obstacles for the crypto industry. <\/p>\n
\n\u201cTrump brought a lot more clarity, especially from a regulatory standpoint. I mean, he fired Gary Gensler, who was, for years, clearly against the creations of any crypto ETF whatsoever,\u201d said Alessandro Valentino, VanEck. \u201cHe also went against de-banking, which many crypto companies had issues with.\u201d <\/p>\n<\/blockquote>\n
Still, changes in Europe are happening at a different pace. According to Valentino, the major issue is not the MiCA regime, whose effects will still have to be assessed. Instead, the biggest issue is regulatory fragmentation. Some countries, like Ireland, Luxemburg and Germany, make launching ETFs easier, while it\u2019s more difficult than others. <\/p>\n
<\/p>\n
Is the \u201cCrypto President\u201d Trump a risk for the industry? <\/h2>\n
Trump is clearly making efforts to tie his brand with crypto, and for a good reason. Crypto firms spent $131 million<\/a> in 2024 elections, and they mostly backed Republicans. However, with Trump\u2019s approval rating falling<\/a>, political winds may start changing. <\/p>\n
Still, VanEck\u2019s Alessandro Valentino, who referred to Trump as the \u201cCrypto President,\u201d doesn\u2019t believe that a change in leadership would undo the progress that has been made. <\/p>\n
\n\u201cEvery industry, once it gets big enough, does some lobbying,\u201d said Valentino. \u201cI don\u2019t think Trump\u2019s approval rating will affect Bitcoin too much. I would rather say that Trump needs to be aligned with crypto more than crypto has to be aligned with Trump,\u201d he concluded. <\/p>\n<\/blockquote>\n
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VanEck\u2019s Alessandro Valentino believes that the \u201cCrypto President\u201d Trump is setting a precendent for other countries. Summary VanEck product manager Alessandro Valentino says U.S. has opened the doors for crypto…<\/p>\n","protected":false},"author":1,"featured_media":9267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9266"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9266\/revisions"}],"predecessor-version":[{"id":9268,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9266\/revisions\/9268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9267"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}