Calvin Ayre on Trump Embrace of Crypto: 'You May Not Want to Hear This'

One of the top investors in the world of cryptocurrencies, and a good friend of the Gambling911.com website, Calvin Ayre, admitted on Monday that the administration of U.S. President Donald Trump will be good for crypto....in the short term.

Ayre, however, believes that a crash is coming.  It may not come right away, and quite possibly it will come well after Trump is out of office, but Ayre insists it will happen.

The current situation is unattainable.

Ayre, who oversees CoinGeek.com, expressed his views via Twitter.

Bitcoin and other cryptocurrerncies are the most used method of funding for the so-called "gray" industry of online gambling.  It's a significant portion of the sector.

"Donald Trump’s second term as U.S. president will of course be good for ‘crypto’ in the near term, but it will also set crypto up for an even bigger fall and the imposition of even tougher regulatory conditions than exist now.

"I don’t know that anyone’s all that interested in my hot take on Trump’s new memecoin, as even some of his most prominent supporters have questioned the long-term wisdom of this move. https://x.com/stoolpresidente/status/1880699190495597037

"I will say that Trump releasing his token on crypto boogeyman Gary Gensler’s last day as chair of the Securities and Exchange Commission is a pretty solid indicator of where the U.S. regulatory environment is headed.

"The tokenomics aren’t great—80% of tokens allocated to insiders, eligible to start selling in three months—which under Gensler’s reign of terror would have almost certainly resulted in the SEC filing a civil complaint for issuing unregistered securities.

"So Trump’s team appears confident that incoming SEC chair Paul Atkins is going to take a much more relaxed approach to regulating digital assets. It’s also likely a preview of the lack of restraint that ‘crypto’ operators will feel entitled to apply to their own operations.

"Crypto operators have largely ignored regulatory boundaries, and when called to answer for crossing red lines they loudly cry ‘persecution’ and demand new rules that authorize the thing they’ve been doing and a whole lot more.

"But there’s no need for crypto-specific regulations. There’s nothing so unique about trading digital assets that can’t be covered by existing regulations. What’s unique is the entitlement that crypto operators feel they’re owed, their belief that rules are for others, not them.

"The coming regulatory holiday means the boundaries of what’s possible for crypto will expand dramatically. Given their history, it’s a virtual lock that operators will take greater and greater risks with both their own operations and their customers’ assets.

"Crypto will also get greater access to mainstream banking. This means that when the crash inevitably comes, the pain is going to be far more widespread than previous crashes, when the contagion was limited to a handful of banks that prioritized profits over due diligence.

"Post-crash, crypto-supporting politicians looking to keep their jobs will deny that they ever supported it and impose tough regulations that ground crypto’s high-flyers. Trump may not be eligible to run again, but Congress will look to save their own skins from an angry electorate.

"I strongly suspect that the crash will come while Trump is still in office. With massive paydays to be had, the temptation for crypto operators to misbehave will simply be too great for them to postpone any schemes. It’s get rich quick, remember?"

Donald Trump’s second term as U.S. president will of course be good for ‘crypto’ in the near term, but it will also set crypto up for an even bigger fall and the imposition of even tougher regulatory conditions than exist now.

I don’t know that anyone’s all that interested in my…

— Calvin Ayre (@CalvinAyre) January 20, 2025