Trump's Plans: Cryptocurrency Regulation in 2024

user avatar

by Giorgi Kostiuk

2 years ago

Donald Trump's administration is discussing changes in cryptocurrency regulation that could significantly affect the US market.

Trump Administration's Plans

Reports indicate that Trump's administration is considering key financial positions, such as SEC and CFTC roles, which could influence the future of crypto regulation in the US. Notable candidates include Hester Peirce and Daniel Gallagher, recognized for their crypto-friendly views.

Impact of Changes

Trump's proposed changes could alleviate the current stringent regulations imposed by the Biden administration. Under Gary Gensler's leadership, the SEC applied traditional securities laws to crypto, drawing criticism from the industry.

Stablecoin Regulation

Trump's team is also focusing on stablecoin regulation. Two major proposals are on the table: enacting a specific stablecoin bill or integrating it into a broader crypto market structure bill. These steps could boost market confidence and provide new opportunities for banks.

With potential Republican control of the Senate and House, Trump's administration could leverage political capital to advance a new crypto policy, which would be a significant step for the industry.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Getty Images Stock Trading Suspended by NYSE

The New York Stock Exchange has suspended trading of Getty Images stock as of September 29, 2023, due to the company's ongoing financial issues and significant debt.

user avatarJacob Williams

Getty Images Faces Bankruptcy Risks Amid Rescue Financing Talks

Getty Images is in confidential discussions with lenders for a rescue financing deal, which may lead to bankruptcy and a lender takeover.

user avatarZainab Kamara

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.