CandleFocus

How Trump Can Help Crypto on Day One

Author: Content Editor
The author of the letter, who is the co-head of a law firm's digital assets practice, is hopeful that the nominee for the chair of the Securities Exchange Commission (SEC) will reform the SEC's approach to regulating the crypto market in the United States. However, the author proposes that President Elect Trump issue an Executive Order on his first day in office to restore American leadership in the growing crypto financial system. The author suggests that all federal agencies should immediately stay investigations and enforcement actions against crypto companies, projects, and founders unless there are credible allegations of fraud, intentional misconduct, or threats to national security. The author believes that this Executive Order will help undo the chilling effect of government enforcement litigation and allow the crypto industry to flourish in the United States. The author asserts that the President has the authority to issue such an Executive Order without legislation or regulatory rulemaking.

Related News