With the onset of Donald Trump’s administration, significant changes in the cryptocurrency landscape are apparent, including the establishment of a national Bitcoin reserve and regulatory adjustments.
US National Bitcoin Reserve
One of the most significant steps taken by the Trump administration has been the establishment of a national Bitcoin reserve, underscoring the importance and growing popularity of cryptocurrencies in the market.
Changes at SEC Under Paul Atkins
SEC Chairman Paul Atkins confirmed a shift in cryptocurrency regulations by stating that very few tokens should be classified as securities, a stark contrast to the views of his predecessor Gary Gensler.
Rethinking Tokens
Atkins noted that the SEC will no longer automatically treat tokens as securities. Instead, the body will review the details surrounding token offerings and launches. "We cannot necessarily treat all cryptocurrencies as securities," stated Atkins.
Paul Atkins' position may significantly alter the SEC's approach to regulating cryptocurrencies in the US, making it more flexible and detail-oriented.
