We'll see what happens to the demand if the Winkelvoss ETF gets approved. It's under review right now, should hear on or before May 15. [1] There's an Etherium ETF under review as well. If institutional and retail flows start causing crypto purchases through ETF creation unit mechanics, it's going to blow sky high. There are similar efforts going on in other countries. Crypto as an asset class is going to be a theme. Japan also legalized Bitcoin as a payment method [2], so there's been lots of buying there. I'm sitting on some BTC (not nearly as much as I used to though, :'( ).
It's not clear to me how much Trump policies will be influencing this decision. So far the extent of Trump's influence over the SEC is his appointment of one of the three current commissioners, right? I don't see that causing a 180 on this decision in the near term. I'd be happy to be wrong.
[1] http://www.cnbc.com/2017/04/26/bitcoin-price-sec-winklevoss-... [2] http://www.cnbc.com/2017/04/12/bitcoin-price-rises-japan-rus...