With President Donald Trump in office, the crypto industry in the US is experiencing significant changes in regulation. The new administration's approach involves moving away from past regulations and implementing more favorable conditions for cryptocurrencies.
New SEC Policy
Recently, the SEC announced the withdrawal of several regulatory initiatives proposed under former chairman Gary Gensler. Now, the rules governing the crypto industry will be reassessed.
Proposed Regulatory Changes
According to recent reports, the SEC has proposed amendments to rules that could change the definition of the term 'exchange,' incorporating DEX platforms into national exchange regulations. Additionally, changes are planned for cybersecurity management and crypto custody rules.
Future of Cryptocurrencies in the US
President Trump aims to make the US a global hub for cryptocurrencies. This involves initiatives such as stablecoin regulations and the formation of a crypto working group. However, there has been no new information regarding the establishment of a Bitcoin reserve.
With current changes in crypto regulation, the US may be on the path towards more active adoption and development of cryptocurrencies, positioning the country on the global crypto regulation map.
