Former President Donald Trump is set to revisit the current US crypto regulation policy, suggesting a softer approach toward the rapidly growing industry.
Preparation for a New Approach
Donald Trump is actively seeking nominees for key positions in the US financial regulatory bodies, aiming to appoint those who are more favorable to digital assets. This marks a likely shift from the previous administration's stance.
Appointments and Crypto-Friendly Candidates
Potential candidates include Daniel Gallagher, a former SEC commissioner and current Chief Legal Officer at Robinhood. Trump is also considering two Republican SEC commissioners, Hester Peirce and Mark Uyeda, known for supporting innovations in the crypto industry.
Consultations and Developments
Trump's senior advisers are consulting with key cryptocurrency industry leaders, discussing ways to relax federal regulations and possibly alter the direction of major financial regulators, including the SEC.
Trump's plan focuses on promoting economic growth through innovation and deregulation, paving the way for investment and stability in the digital asset market.
