CandleFocus Trump Onboards Crypto Leaders, But Ripple Raises Concerns
2024-11-20
Author: Content Editor
President-elect Donald Trump has appointed several individuals with ties to the cryptocurrency industry to key positions in his administration. Among them are Elon Musk and Vivek Ramaswamy, who will lead the Department of Government Efficiency, and Howard Lutnick, CEO of Cantor Fitzgerald, as co-chief of the transition team. Brian Armstrong, CEO of Coinbase, is scheduled to meet with Trump to discuss cryptocurrency and financial regulation. Ripple CEO Brad Garlinghouse has criticized the potential appointment of Bob Stebbins, former General Counsel for the SEC, due to his past regulatory decisions. The cryptocurrency industry is seeking clarity and consistency in the regulatory framework.
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