Ken Fisher on Trump Administration: Crypto Reforms to be Put on Backburner

Fisher Investments founder and executive chairman Ken Fisher has provided insights on the economic and regulatory implications of Donald Trump‘s return to the presidency. In an interview with Sky News Australia, Fisher discussed the Trump administration’s stance on cryptocurrency, suggesting that while the administration will have “more positive views” about crypto, significant regulatory changes are unlikely.

Fisher explained that the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which oversee cryptocurrency regulation, are currently chaired by Democrat appointees whose terms do not expire for 19 months. This means that the existing regulatory policies, which are not particularly favorable to cryptocurrency, are likely to remain in place despite the administration’s views.

Regarding the broader market impact, Fisher cautioned against over-speculation about sectors that might benefit from a Trump administration. He noted that categories seen as benefiting from Trump’s policies between the election and the end of the year often perform poorly in the inaugural year due to the limited ability of the president to implement significant changes through Congress. Fisher mentioned that sectors such as banks and industrials, which are currently performing well, may experience disappointment in the long term.

Fisher also addressed the potential global and local impacts of Trump’s trade policies, including the imposition of higher tariffs on goods from China. He highlighted the significant trade between China and countries like Australia and the potential flow-on effects of such tariffs.