The crypto industry is eagerly awaiting the actions of the incoming Trump Administration regarding the future of digital assets. They are hoping for an executive order that encourages collaboration between regulatory agencies like the Commodity Futures Trading Commission and the Securities and Exchange Commission to create a comprehensive framework for digital asset policy. The appointment of pro-industry leaders to key regulatory positions, as well as the introduction of a new position for an artificial intelligence and crypto Czar, is seen as a positive sign for the industry. Regulatory clarity and clear rules for permissible crypto-related products and services are crucial for the industry's push for broader access to banking services. The relaxation of accounting regulations for banks regarding customers' crypto assets is also a concern for the sector. Trump is reportedly preparing to issue an executive order that elevates cryptocurrency to a policy priority and gives the industry a role within his administration. The order is expected to establish a crypto advisory council to advocate for the industry's policy goals. The crypto industry is optimistic about strong leadership from the incoming administration and hopes that crypto will be encouraged and embraced in the United States.
Content Editor ( cryptopolitan.com )
- 2025-01-18
Regulatory clarity tops crypto industry’s agenda for Trump’s second-term
