Rewards1: We’re at the Dawn of a New Crypto Era

January 27, 2025 | Listen Online | Read Online

We're at the Dawn of a New Crypto Era

"On Day One, I will fire Gary Gensler."

Last July during his address at the Bitcoin 2024 Conference in Nashville, President Trump vowed that if reelected, he'd immediately replace Securities and Exchange Commission (SEC) Chair Gary Gensler with a much more crypto-friendly leader.

When the president made this campaign promise, the crowd's response was so deafening it made my ears ring.

Just four months later, President Trump was reelected… And last Monday, he was sworn in as the 47th president of the United States.

Before President Trump had the chance to fire Gensler, though, he had already resigned. But he did keep his promise to replace him with a pro-crypto SEC chief. (More on that below.)

Over the past four years, Gensler was public enemy No. 1 of the crypto community.

● He resisted efforts to launch crypto exchange-traded funds (ETFs), which make it easier for mainstream investors to gain exposure to the digital asset class.

● He endorsed tough and complex accounting policies, which made holding digital assets virtually impossible for many traditional financial institutions.

● And he filed numerous lawsuits against industry leaders – including established players like Coinbase and Ripple – pushing innovation offshore.

At the Bitcoin Conference, President Trump vowed to help the crypto industry flourish if reelected. Not regulate it essentially out of existence like the previous administration.

We're just a few days into President Trump's second term, and the regulatory environment is already moving in the right direction for crypto.

That means higher prices are ahead for people who take advantage of this window of opportunity right now.

The Dawn of a New Crypto Era

Gensler's last day as SEC chair was Friday, January 17. Every crypto fund manager probably had that day circled on their calendar.

Within minutes of his departure, fund managers were banging down the door of the new crypto-friendly SEC to do business.

In just one week, ProShares, CoinShares, and REX-Osprey filed a combined 16 applications for new crypto ETFs. In total, these firms manage $90 billion in assets.

The applications include ETFs for Solana (SOL), Ripple (XRP), and Dogecoin (DOGE), among others.

In the weeks ahead, I expect major asset managers like BlackRock, Fidelity, and Franklin Templeton to file more crypto ETFs.

You don't have to take my word for it. Just look at their actions.

Last year, Wall Street firms launched 20 bitcoin and Ethereum ETFs. Today, there's over $133 billion in assets held in these funds, generating $700 million in annual fees.

Clearly, there's no shortage of demand for crypto financial products. And Wall Street has 700 million reasons to keep feeding that demand.

With so much money on the line, there's no way Wall Street stops with just ETFs for bitcoin and Ethereum.

The profit potential is simply too big for Wall Street not to pump out new products.

That's why I believe now is the best time to position yourself ahead of the Wall Street machine that's eventually going to consume crypto.

According to Visual Capitalist, the global securities market is $109 trillion. The global real estate market is $380 trillion. And the debt market is $315 trillion.

Bitcoin has far outperformed all those asset classes. And President Trump just built a high-speed railway for all that capital to access crypto.

Where do you think that will lead prices next?

Here's the thing…

Wall Street financializing complex crypto products and making them as simple to buy as ETFs will only happen once. If you don't act now, you'll miss out.

A New Crypto Sheriff Is In Town

On just the second day of President Trump's administration, the SEC announced a new task force to create a clearer regulatory framework for crypto assets.

The goal of the task force is to "draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously." President Trump is also bringing a new sheriff to town.

While his nominee to replace Gensler, Paul Atkins, is still seeking confirmation in the Senate at the time of this writing… He's known for his pro-business stance.

Once Atkins' nomination is confirmed, we will see a much friendlier regulatory environment for crypto.

And it's already started.

Just last week, President Trump signed a new executive order titled "Strengthening American Leadership in Digital Financial Technology."

The order states:

President Trump will help make the United States the center of digital financial technology innovation by halting aggressive enforcement actions and regulatory overreach that have stifled crypto innovation under previous administrations. […] The growth of digital financial technology in America must remain unhindered by restrictive regulations or unnecessary government interference.

Among other things, the order establishes the President's Working Group on Digital Asset Markets to strengthen and promote U.S. leadership in digital finance.

As the crypto bull market heats up, investors will want to own more than just bitcoin and Ethereum. They will venture further down the risk curve, reaching for bigger returns.

With a pro-crypto SEC and massive profit streams on the line, there's no reason to believe we won't get several more crypto ETFs this year.

Of the list of crypto assets being considered for the next ETF, I believe Solana is the best one to buy right now.

That's because it's the third-largest blockchain network for decentralized applications, behind only Ethereum and Ripple. While much smaller in value, it processes more transactions than all other networks combined.

As I wrote on Wednesday, Solana is seeing a major boost from President Trump launching his meme coin on the network. (You can read more about that here.)

I expect an ETF approval for Solana sometime this year. And when that happens, billions of dollars in buying pressure will push SOL much higher. Just like it did for bitcoin and Ethereum.

But remember, the floodgates will only open for the first time, one time. If you wait until after the ETF is approved, you'll be buying at much higher prices.

The writing is on the wall… There's massive demand for crypto products and the new administration is much more crypto friendly than the last.

That means there's a high chance we'll see more crypto ETFs this year. And I'm betting Solana is a top candidate.

Regards,

Houston Molnar

P.S. According to Daily editor Teeka Tiwari, the bull market ahead of us will be absolutely outrageous. It will be beyond anything we've seen before… We'll see more money and more people participate in crypto than we have in any other time in history.

And Teeka believes one of the best ways to rip profits from this epic bull market is by trading the incredible volatility this melt-up phase will create.

Long-time readers know we recommend you keep a long-term stack of crypto for wealth-building and a short-term stack for trading.

For the long-term stuff, you play out the macro trend and let time do the heavy lifting. And in this melt-up phase, for your short-term stack, you buy the dip and sell the rip.

Teeka recently launched a new trading service to take advantage of these very fast-paced moves. It's designed to capture short-term price action, which is very different from his other newsletters.

You can learn more about it here.