I think it's as simple as expecting his administration not to be outright hostile to the industry, and maybe even encourage its development.
Most companies in the space have had "the government could, at any moment, make it nearly impossible for us to continue operating" as an existential risk, so if that risk goes down, the expectation for further innovation and development soars.
Maybe there will. But literally everything has fraud, and not every other industry is worth this kind of money, so it seems naïve to attribute it all to fraud.
Most companies in the space have had "the government could, at any moment, make it nearly impossible for us to continue operating" as an existential risk, so if that risk goes down, the expectation for further innovation and development soars.