As the world eagerly awaits the inauguration of President-elect Donald Trump, the crypto community is also keeping a close eye on potential legislation that could impact the industry. However, according to the New York Digital Investment Group (NYDIG), it may take some time for key crypto legislation to come into effect.

With just a week left until Trump’s inauguration, there has been much speculation about how his administration will approach the growing cryptocurrency market. Some experts believe that Trump’s pro-business stance and his appointment of pro-crypto individuals to key positions could bode well for the industry. However, others are concerned about the potential for increased regulation and government intervention.

While the exact stance of the Trump administration on crypto remains to be seen, NYDIG has cautioned against expecting any immediate changes. In a recent statement, the investment group stated that it may take longer than expected for any significant crypto legislation to be implemented.

This caution is likely due to the complex nature of the crypto industry and the need for thorough research and understanding before implementing any regulations. Additionally, with the ongoing pandemic and other pressing issues, it is possible that crypto legislation may not be a top priority for the new administration in the immediate future.

Despite the uncertainty surrounding potential legislation, the crypto market has continued to thrive, with Bitcoin reaching new all-time highs and other cryptocurrencies gaining traction. This further highlights the need for clear and fair regulations that will support the growth and stability of the industry.

In conclusion, while Trump’s inauguration may mark a new era for the United States, it may take some time for any significant changes to be seen in the crypto world. As the industry continues to evolve and gain mainstream acceptance, it is crucial for lawmakers to carefully consider and implement regulations that will benefit both the industry and its users.