Trump will make his government backed by cryptocurrency-friendly individuals. Who will be installed in the central federal- finance departments necessary for a more crypto-friendly environment? It looks very much like achieving the final target of attracting the country to be the “Crypto Capital of the planet,” as was announced by the local media.
As president, Trump will replace the existing staff and reform the policies in order to gear. The regulatory system to this end. According to Trump’s aides, current staff members are already targeting both former and current executives with opinions favoring crypto to be considered if such appointments are made.
Furthermore, the advisers of the President-elect are working closely with specific stakeholders from the crypto industry on the rules that will be introduced next. The report sets out several regulatory agencies’ reforms, which were necessary to finish the process, particularly with the U.S. Securities Commission (SEC).
Also among the names that have been suggested but have not yet been confirmed are Mark Uyeda and Hester Pierce, both of whom are Republican. SEC commissioners, Daniel Gallagher, CLO at Robinhood and former SEC commissioner.
Next SEC Chair After Gary Gensler
Most importantly, this is a position that is seriously observed as it is the SEC that forms. The rules through which the US crypto sector operates. An SEC chaired by Gary Gensler showed an iron hand to cryptocurrencies and their market operators with extended battles in the court and probes. In plain language, the agency caused a real headache for the exchanges that suffered a lot along with the crypto market in the US.
Commonly, Trump won’t defer power to Gensler’s administration after he swears in the office. Similarly, there have been many rumors about potential SEC Chairmen. Hester Pierce might be the acting SEC Chair, as per the report. Additionally, Mark Uyeda might be one of the options, as he has criticized. The SEC’s “war on crypto” approach in the past administration. Other potential candidates are former CFTC commissioner Chris Giancarlo and ex-SEC commissioner Paul Atkins.
Crypto Policy Advancement in the US
In our previous article, Justin Sun, the TRON founder, declared TRON’s DSA (Digital Sovereignty Alliance) support, which is a way to influence US crypto policy development. Sun perceives the DSA’s cooperation with the legislators and the passing of such significant legislation. The Financial Innovation Technology Act of 2021 and the Digital Commodity Consumer Protection Act. Which he considers will further the growth of the digital assets industry due to the forthcoming pro-crypto president. Donald Trump and TRON’s other stakeholders’ enthusiasm and more transparent policies will improve innovation and draw more investors to the U.S. crypto market.
In Summary
Donald Trump aims to shape a crypto-friendly U.S. government by appointing pro-cryptocurrency officials in key financial departments, seeking to position. The U.S. is the “Crypto Capital of the planet.” His administration plans to reform regulatory policies, focusing on agencies like. The SEC has taken a strict stance under Gary Gensler. Potential SEC chair candidates include Hester Pierce and Mark Uyeda, who have voiced pro-crypto opinions. Trump’s pro-crypto stance aligns with industry figures such as Justin Sun. Who supports legislative measures to boost digital asset growth and attract investment to the U.S.?
FAQs
Which regulatory body is a main focus of Trump's reforms?
The U.S. Securities and Exchange Commission (SEC) is a primary target for reform, given its strict stance under Gary Gensler's leadership.
Who are potential candidates for SEC Chair under Trump's administration?
Potential candidates include Hester Pierce, Mark Uyeda, Chris Giancarlo, and Paul Atkins, who have all shown pro-crypto support.
What legislative measures are supported by crypto stakeholders like Justin Sun?
Measures like the Financial Innovation Technology Act of 2021 and the Digital Commodity Consumer Protection Act are aimed at enhancing digital asset growth.
How will Trump's policies impact U.S. innovation and investment?
Pro-crypto policies are expected to improve regulatory clarity, promote innovation, and attract more investors to the U.S. crypto market.
