When Donald Trump won the presidency in November, many crypto insiders celebrated, based on his promises that he would prioritize deregulation and legitimize crypto entrepreneurs.
We’re just a few days into this term and the 47th President has already ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile - making good on his promise to quickly overhaul US crypto policy and initiate a more welcoming framework set by the White House. The scope and potential impact of many of these changes shouldn’t be underestimated.
The action ordered that banking services for crypto companies be protected - a major thorn in the side of the industry in recent years; prohibits central bank digital currencies; legislative proposals for stablecoin and market structure; and asks several agencies to recommend modifications to existing crypto policies within two months. SEC Chair Genseler is also gone. His incoming successor, Paul Atkins, billed as pro-crypto, will likely draw a close to the era of regulation by enforcement, and make clarifications as to whether crypto is or isn’t a security.
However, a backlash over last week’s launch of Trump memecoins, $TRUMP and $MELANIA, caused an instant multi-billion dollar frenzy, breaking records for trading volume and market capitalization. The possible future erosion of consumer protections in the name of growth are hardly helping an industry deeply trying to rebuild its reputation over past malpractices, conflicts of interest, and investor losses.
Elected officials and legal experts are now raising ethical and geopolitical concerns about the $TRUMP tokens and proposing much more vigilance around unsafe ecosystems where vast sums can be easily created and wiped out in pump-and-dump schemes and rug pulls (there are now around 100,000 tokens launching every day), putting investors at heightened financial risk. In this case, Trump’s team holds at least 80% of the coin’s supply, giving them vast power to control its price. Trump has downplayed his role in launching the coin, saying at a recent press conference, “I don’t know much about it other than I launched it.”
To many, this new regime is a welcome breath. But to others, decentralised technology was always built to sit outside the reach and remit of the state, and as a conduit to increase individual autonomy and borderless economies. Protectionism, government crypto czars and national stockpiles don’t exactly scream ‘self sovereignty’.
With such a broad-church of participants, finding the right balance between growth, guard-rails, sovereignty and intervention is always a balancing act, and it’s unlikely we’re going to reach consensus now… What is certain, is that 2025 is going to be a year of enormous change, whether we agree on everything else or not!
Consensus is CoinDesk’s longest-running and most influential crypto event. In February 2025, it’s expanding to Asia and will be hosted on our home turf, Hong Kong. Hex Trust will be a lead sponsor for the event.
For the 8,000+ attendees, Consensus will deliver an action-packed week of networking, experiences, hackathons and thematic on-stage content delivered by the visionaries reshaping crypto, AI and blockchain. Look out for our CEO and Co-founder, Alessio Quaglini, on stage!
As the lead sponsor of Consensus Hong Kong, we’re offering our clients and network an exclusive 50% off access pass.
50% Off Discount Code: Hex50
Register Now: Consensus Passes
Hex Trust’s team from across Asia, the Middle East and Europe will be on the ground. Here’s where you’ll find us…
Alessio Quaglini, Calvin Shen, CCO, and Edward Zhao, Head of Markets, will join over 200 LPs and GPs at a one-day, private gathering specifically designed for institutional investors and asset managers actively evaluating and allocating to digital assets, blockchain and Web3. During the day, Hex Trust will host roundtable discussions, sharing our expert insight on the post-election macroeconomic trends creating opportunities in digital assets.
Visit our booth, connect, collaborate and learn more about our services across custody, staking, trading, investment solutions and RWA.
Alessio will join Ledger’s Pascal Gauthier and Octopus Holding’s Tim Ying to discuss the evolution of wallets. Learn more
Join us for an evening of networking with innovators, researchers and entrepreneurs in the RWA space. Kick-off what’s set to be an action-packed week with drinks and canapés at one of Hong Kong’s premier rooftop bars, AOAO. Register here
An exclusive lunch and educational workshop on the transformative potential of Bitcoin staking in institutional portfolios, led by visionary blockchain expert, David Tse, Co-founder, Babylon and Alessio Qualgini, CEO & Co-founder, Hex Trust.
Stay tuned for more updates on Hex Trust’s movements during Consensus. We look forward to seeing you in Hong Kong!
Reach out to connect with the team at Consensus
We announced a strategic partnership with Synnax, a pioneering decentralized credit intelligence platform. Hex Trust will leverage Synnax’s predictive Credit Intelligence tools, offering real-time and forward-looking insights to enhance counterparty risk assessment and management.
Full announcement here
With extensive experience in asset management, investment banking, and leadership in financial services, Anthony brings a robust skill set that will help accelerate Hex Trust’s strategic direction and growth in the digital asset economy.
Full announcement here
Featured in: Asset Servicing Times | Finews Asia | Fintech Finance
To kick off the year, we convened RWA leaders and key players from Hong Kong's digital asset investment and trading community at the prestigious Royal Hong Kong Yacht Club. The evening proved to be a vibrant gathering of industry professionals, set against the stunning backdrop of Hong Kong's iconic Victoria Harbour.
Find a video of the event here
In collaboration with partners at Deloitte, Alessio delivered an insightful presentation on the currents expected to shape the crypto markets in the coming year. Highlights included the potential for increased sovereign adoption of Bitcoin, the expanding use of stablecoins, the growth of Bitcoin staking and real-world assets (RWAs), and the ongoing success of exchange-traded funds (ETFs) alongside more favorable regulations. With these developments, 2025 is poised to be a dynamic and transformative year for the industry.
Suntory Group, a world-leading beverage company, selected Hex Trust as their primary custodian as they enter the Web3 space. As part of an exclusive offer for Hex Trust clients, Suntory Group has curated the “3-day Château Lagrange Experience”; a once-in-a-lifetime opportunity to explore one of France’s most celebrated wineries. From private access to the entire 182-ha estate, steeped in over 400 years of winemaking tradition, to the creation of bespoke wine blends and Teppanyaki Fine dining crafted by a Micheline-star chef. This experience is also offered alongside a complementary tour of the revered Yamazaki Distillery. To learn more about this exclusive offer, reach out to sales@hextrust.com.
New Assets Supported:
For a complete list of supported chains and assets, please refer to our Knowledge Base.
For further information and assistance, contact our support team at clients@hextrust.com
We wish all of our clients and stakeholders a very happy Lunar New Year! Here’s to a year of wisdom, growth, prosperity and success in the Year of the Snake.
Kung Hei Fat Choi / Gong Xi Fa Cai!
— The Hex Trust Team
Custody | Staking | Trading | Investment Solutions | RWA
