Former Assistant Treasury Secretary Timothy Massad expressed optimism regarding the future of the U.S. cryptocurrency industry under the new administration. "More welcoming" policies are anticipated, according to Massad, who shared his views during a December 16 episode of the Lunch Hour podcast.

"I think ultimately we'll see some regulatory actions and potentially we will see some new legislation," said Massad. "We will see a more welcoming position, if you will, toward the development of crypto. We'll see that in a couple of ways. One is we'll see a relaxation of the view that most crypto tokens and most crypto trading should comply with existing securities laws."

The crypto community is reportedly celebrating President-elect Donald Trump's appointment of David Sacks as the White House AI & Crypto Czar, as reported by Wired. Sacks, a former PayPal executive with investments in crypto startups, has previously spoken positively about crypto technologies. John Robert Reed, a partner at Multicoin Capital, said Sacks is "a principled entrepreneur and brilliant technologist that deeply understands each of these industries and where they intersect."

According to CoinDesk, Scott Bessent, nominated by Trump for Treasury Secretary, has also expressed support for the digital asset industry. Last year, Bessent said that he appreciates crypto's broader appeal beyond traditional financial markets. "Crypto is about freedom and the crypto economy is here to stay," he said in a July interview. "Crypto is bringing in young people, people who have not participated in markets."

Senate Banking Committee Chairman Tim Scott conveyed confidence in Paul Atkins, Trump's nominee for chairman of the U.S. Securities and Exchange Commission (SEC). According to a press release, Scott believes Atkins will reverse "the harm" caused by the previous SEC chair to U.S. capital markets and understands the need for regulatory clarity in the digital assets industry.

Revenue projections for the U.S. crypto market suggest it will reach $9.4 billion by 2025, according to Statista. The number of users in this market is expected to reach 96.67 million this year.

Massad currently serves as a Research Fellow at Harvard University's Kennedy School of Government and an Adjunct Professor at Georgetown Law School. He was Chairman of the U.S. Commodity Futures Trading Commission (CFTC) from 2014 to 2017.