Donald Trump became the first openly pro-crypto candidate to be elected president of the United States, joining 266 pro-crypto candidates in the House of Representatives and 18 pro-crypto candidates in the Senate. Come January, the number of pro-crypto members on both sides of the aisle in Congress will surpass the number of anti-crypto members.

As the price of bitcoin has surged to a record high, the new administration seems poised to bring much-needed clarity to the regulation of digital assets in the United States. Among the possibilities are a more crypto-friendly U.S. Securities and Exchange Commission and the end of SEC chairman Gary Gensler’s “regulation by enforcement,” a reopening of the initial public offering (IPO) window for late-stage digital asset companies such as Circle and Kraken, and the passage of long-awaited and much-needed digital assets legislation.

Senate passage of the Financial Innovation and Technology for the 21st Century Act and the C