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Crypto Bull SEC Member Talks About What Will Happen To Cryptocurrencies On Trump’s First Day In Office

Crypto Bull SEC Member Talks About What Will Happen To Cryptocurrencies On Trump’s First Day In Office
The U.S. Securities and Exchange Commission (SEC) may undergo a significant policy change regarding cryptocurrencies as it faces a leadership transition. SEC Commissioner Hester Peirce hints at a potential shift towards a more innovation-friendly approach. With a new SEC Chairman set to take over on January 20, 2025, Peirce expresses optimism about the agency's future. Key areas for reconsideration include cryptocurrency exchange-traded funds (ETFs) and staking for Ethereum-based ETFs. Peirce also suggests broader regulatory reforms, potentially allowing the Commodity Futures Trading Commission (CFTC) to play a larger role in overseeing certain crypto markets. The SEC may issue clearer guidance through no-action letters or exemption orders, and reevaluate whether certain transactions qualify as securities to reduce regulatory overreach.

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