Vanec’s Alessandro Valentino believes “crypto president” Trump has momentum in other countries.
summary
- Vaneck Product Manager Alessandro Valentino says we have opened the door to cryptography
- Some European countries have already followed the US example.
- Trump needs the crypto industry more than he needs, he added.
Donald Trump’s administration has opened the door for crypto companies to expand to TRADFI. Currently, other countries are following us as usual. In an interview with Crypto.News, Alessandro Valentino, product manager at investment management firm Vaneck, shared his views on the views of European investors and regulators.
Interest in European digital assets is growing. On August 27, Vanek revealed that the European-based, diversified Crypto ETF has surpassed $500 million in AUM. Valentino emphasized that Vanec was one of the first companies to offer crypto ETFs in the European Union, and that he saw regulations shifting in favor of its favor.
“In Europe, there have been significant advances in the DLT pilot system. Essentially, companies can create sandbox environments where they can experiment with distributed ledger technology.”
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Trump’s administration is leading the way
Much of this recent advancement in Europe has been inspired by US regulatory changes, according to Vanec’s Alessandro Valentino, and the Donald Trump administration continues to remove major obstacles to the crypto industry.
“Trump has become more clear, especially from a regulatory perspective. That means he fired Gary Gensler, who has been opposed to the creation of crypto ETFs for many years,” said Vaneck’s Alessandro Valentino. “He also opposed banking, which many crypto companies had problems.”
Still, changes in Europe are happening at a different pace. According to Valentino, the main issue is not the mica regime, and its effectiveness still needs to be assessed. Instead, the biggest problem is regulatory fragmentation. Some countries, such as Ireland, Luxembourg and Germany, make ETFs easier to launch, but more difficult than others.
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Is “crypto president” Trump an industry risk?
Trump is clearly trying to connect his brand with the code. The crypto company spent $131 million in the 2024 election, supporting mainly Republicans. But as Trump’s approval rate drops, political winds could begin to change.
Still, Vanec’s Alessandro Valentino, who called Trump “crypto president,” does not believe that a change in leadership would cancel the progress that was made.
“Every industry will lobby some when it’s big enough,” Valentino said. “I don’t think Trump’s approval rating will have a major impact on Bitcoin. I’d say Trump needs to match cryptos rather than have to match Trump,” he concluded.
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