The President-elect of the United States, Trump, is reportedly preparing to adopt a more lenient stance towards Cryptocurrency by appointing a group of Cryptocurrency-friendly candidates to key positions in the U.S. government. His senior advisors are currently discussing the potential changes in federal policies related to Cryptocurrency with executives from Cryptocurrency companies. According to The Washington Post, Trump aims to fulfill his campaign promise of making the U.S. the 'global capital of Cryptocurrency' by pursuing a more relaxed regulatory environment. The initial discussions focus on a series of financial regulatory agencies, including the U.S. Securities and Exchange Commission (SEC). Trump plans to appoint officials friendly to encryption. Several sources revealed that Trump's advisors are considering appointing current regulatory officials, former federal officials, and financial industry executives to important leadership positions. Many of these individuals have publicly expressed support for Cryptocurrency, but the candidate list is still evolving. The list of candidates to lead institutions like the SEC includes former SEC official Daniel Gallagher, who currently works at the financial technology company Robinhood, which provides Cryptocurrency Wallet and stock trading services, as well as two Republican SEC commissioners, Hester Peirce and Mark Uyeda. Gallagher is a Republican donor who has criticized the SEC's scorched-earth policy towards Cryptocurrency, while Peirce and Uyeda have criticized the strict policies and enforcement actions under the Biden administration. After Trump takes office, Peirce may serve as the interim chairman of the SEC and potentially lead a federal Cryptocurrency policy task force in the future. Trump's aides are also considering former SEC commissioner Paul Atkins and former chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo. During his campaign, Trump made a series of friendly commitments regarding Cryptocurrency, including firing SEC Chairman Gary Gensler on his first day in office, granting clemency to Silk Road founder Ross Ulbricht, establishing a Presidential Cryptocurrency Advisory Committee, abolishing SAB 121, ending Operation Chokepoint, making the U.S. a powerhouse in BTC Mining, and establishing a national strategic BTC reserve, among others. Musk influences Trump's personnel decisions. ABC News reported that Tesla CEO Musk has become a key figure in Trump's future government formation. Since election day, Musk has been appearing at Mar-a-Lago almost every day, directly influencing Trump's personnel decisions and strategies for his second term. Musk has also been involved in two phone calls between Trump and foreign leaders. Last week, during Trump's call with Ukrainian President Zelensky, Trump even handed the phone to Musk to speak directly with Zelensky. Musk also participated in Trump's call with Turkish President Erdogan. Musk's impact on Trump's campaign has been significant. According to the Associated Press, Musk's Super PAC spent approximately $200 million to help Trump win the U.S. presidential election.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Trump wants to fill regulatory agencies with encryption-friendly officials, potential candidate for new SEC chairman exposed
The President-elect of the United States, Trump, is reportedly preparing to adopt a more lenient stance towards Cryptocurrency by appointing a group of Cryptocurrency-friendly candidates to key positions in the U.S. government. His senior advisors are currently discussing the potential changes in federal policies related to Cryptocurrency with executives from Cryptocurrency companies. According to The Washington Post, Trump aims to fulfill his campaign promise of making the U.S. the 'global capital of Cryptocurrency' by pursuing a more relaxed regulatory environment. The initial discussions focus on a series of financial regulatory agencies, including the U.S. Securities and Exchange Commission (SEC). Trump plans to appoint officials friendly to encryption. Several sources revealed that Trump's advisors are considering appointing current regulatory officials, former federal officials, and financial industry executives to important leadership positions. Many of these individuals have publicly expressed support for Cryptocurrency, but the candidate list is still evolving. The list of candidates to lead institutions like the SEC includes former SEC official Daniel Gallagher, who currently works at the financial technology company Robinhood, which provides Cryptocurrency Wallet and stock trading services, as well as two Republican SEC commissioners, Hester Peirce and Mark Uyeda. Gallagher is a Republican donor who has criticized the SEC's scorched-earth policy towards Cryptocurrency, while Peirce and Uyeda have criticized the strict policies and enforcement actions under the Biden administration. After Trump takes office, Peirce may serve as the interim chairman of the SEC and potentially lead a federal Cryptocurrency policy task force in the future. Trump's aides are also considering former SEC commissioner Paul Atkins and former chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo. During his campaign, Trump made a series of friendly commitments regarding Cryptocurrency, including firing SEC Chairman Gary Gensler on his first day in office, granting clemency to Silk Road founder Ross Ulbricht, establishing a Presidential Cryptocurrency Advisory Committee, abolishing SAB 121, ending Operation Chokepoint, making the U.S. a powerhouse in BTC Mining, and establishing a national strategic BTC reserve, among others. Musk influences Trump's personnel decisions. ABC News reported that Tesla CEO Musk has become a key figure in Trump's future government formation. Since election day, Musk has been appearing at Mar-a-Lago almost every day, directly influencing Trump's personnel decisions and strategies for his second term. Musk has also been involved in two phone calls between Trump and foreign leaders. Last week, during Trump's call with Ukrainian President Zelensky, Trump even handed the phone to Musk to speak directly with Zelensky. Musk also participated in Trump's call with Turkish President Erdogan. Musk's impact on Trump's campaign has been significant. According to the Associated Press, Musk's Super PAC spent approximately $200 million to help Trump win the U.S. presidential election.