Joe Lubin, CEO of Consensys, has made a prediction regarding the future of the cryptocurrency industry under the presidency of Donald Trump. According to Lubin, the industry could save "hundreds of millions of dollars" if Trump takes office.

The main reason for this forecast is Trump’s historical stance on the regulation of cryptocurrencies. Lubin believes that with Trump as president, the ongoing SEC (Securities and Exchange Commission) cases against crypto firms are likely to be dismissed or settled.

This potential leniency in regulatory oversight is seen as a financial boon for the industry, which has been burdened with compliance and legal fees due to the existing regulatory landscape.