What To Expect From The Second Trump Presidency: 2025 And Beyond

With Donald Trump returning to the U.S. presidency, our client update highlights aspects of the incoming administration's announced (or possible) regulatory, legislative and economic priorities, along with the outlook for congressional action across key policy areas in 2025 and beyond.

Bank, fintech and cryptocurrency regulation

The federal banking agencies in the second Trump administration likely will take a different direction, focusing on growth and innovation, provision of credit to the economy and working to ensure a competitive banking sector.

Following the inauguration of President-elect Trump, we expect prompt change in leadership at the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau. The timing for change of leadership of bank regulatory policy at the Federal Reserve is less clear. In all events, the agencies are likely to pivot to focus on growth and