- The Trump administration has begun discussions on regulatory changes regarding crypto
- Allegedly, several pro candidates are being considered among them former SEC commissioners and chairman CFTC
Donald Trump has yet to take office, but the new administration seems to be already discussing how they will fulfill their campaign promises regarding the crypto industry.
According to a Washington Post report, the Trump administration is now in the early stages of discussing potential regulatory changes, including implicating the SEC.
Also, according to information not yet officially confirmed, major pro-crypto candidates are being considered for key positions, including Daniel Gallagher, Paul Atkins, Christopher Giancarlo as well as Mark Uyeda, and Hester Pierce.
More About the Selection of Candidates
Of course, the Trump administration is not ready for implementation of any initiatives and is still in the early stages of deliberations. The final decision is still a long way off, so the actual figures may not be the ones on this list right now.
However, this list does have some justification, namely former SEC Commissioner and Robinhood’s chief legal officer Daniel Gallagher, which could be a pretty good option given his direct involvement in the crypto industry and financial regulatory background.
Also, a likely candidate could be former SEC commissioner, Paul Atkins, who has already served on Trump’s transition team and administration.
And current SEC commissioner Hester Peirce appointed by Trump, Republican SEC commissioner Mark Uyeda, and former chairman of the CFTC Christopher Giancarlo, all have a strong pro-crypto stance.
Conclusion
The Trump administration has not yet made any official statements or expressed specific preferences and priorities, so it is too early to say who will be selected and whether they will replace Gary S. Gensler as promised by Donald Trump.
However, we are probably still in for a fundamental shift in the political program and regulation that could further boost Bitcoin and all crypto. Stay tuned.
