Probably not in the short term. Trump and his appointees seem to disfavor regulations. If Sacks follows in that line, we'll see more rug pulls, ponzi schemes and outright hacks. That will ultimately lead to very low faith in cryptocurrency in general.
The fact that a crypto czar exists at all is good news for grifters everywhere. High tide raises all ships - YC will benefit from this in the short term.
Probably not in the short term. Trump and his appointees seem to disfavor regulations. If Sacks follows in that line, we'll see more rug pulls, ponzi schemes and outright hacks. That will ultimately lead to very low faith in cryptocurrency in general.