CandleFocus Trump’s Team in Talks With Crypto Leaders About Regulatory Adjustments: Report
2024-11-13
Author: Content Editor
President-elect Donald Trump's team is discussing regulatory changes with cryptocurrency leaders in a bid to make the US the "crypto capital of the planet." Trump plans to adopt a more lenient regulatory stance and is considering crypto-friendly candidates for key financial regulatory positions. The new appointments will determine whether cryptocurrencies become a more integrated element of the financial system. Some Democrat lawmakers warn that loosening regulations could increase risks of fraud and instability. Trump's administration is also exploring the use of executive orders to clarify federal agencies' roles in overseeing cryptocurrencies. The SEC's leadership, including Chairman Gary Gensler, may also be replaced.
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