{"id":125373,"date":"2024-11-13T14:03:00","date_gmt":"2024-11-13T07:03:00","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=125373"},"modified":"2024-11-13T14:03:00","modified_gmt":"2024-11-13T07:03:00","slug":"trump-plans-to-strengthen-crypto-policy-with-dedicated-advisor-and-presidential-council","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=125373","title":{"rendered":"Trump Plans To Strengthen Crypto Policy With Dedicated Advisor And Presidential Council"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight: 400;\">President-elect Donald Trump is poised to reshape the US government\u2019s approach to crypto, actively seeking candidates with industry-friendly views for key regulatory positions.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.washingtonpost.com\/business\/2024\/11\/11\/trump-crypto-regulation-bitcoin\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400;\">According <\/span><\/a><span style=\"font-weight: 400;\">to the Washington Post, as part of his strategy to establish the United States as the \u201ccrypto capital of the world,\u201d Trump\u2019s transition team is consulting with cryptocurrency executives to explore potential changes to federal policy.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">SEC Overhaul On The Horizon<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Trump\u2019s commitment to a more permissive regulatory environment is in line with his <\/span><a href=\"https:\/\/bitcoinist.com\/the-47-presidents-crypto-plan-a-look-at-trump\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">campaign promises<\/span><\/a><span style=\"font-weight: 400;\">, which have garnered significant support from the industry, as evidenced by the current uptrend in prices following his victory over Vice President Kamala Harris last Tuesday.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Early discussions among Trump\u2019s advisers have reportedly focused on financial regulatory agencies, notably the Securities and Exchange Commission (SEC), where leadership choices will significantly influence the future of digital asset regulation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The candidates under consideration include a mix of current regulators, former officials, and financial industry executives known for their pro-crypto stance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notable names include <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-regulation-analyzing-potential-sec-leaders\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Daniel Gallagher<\/span><\/a><span style=\"font-weight: 400;\">, a former SEC official now at US-based cryptocurrency exchange Robinhood, and pro-crypto commissioners Hester Peirce and Mark Uyeda.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These individuals have publicly criticized the previous policies of the SEC and its chairman Gary Gensler under President Joe Biden, particularly the agency\u2019s heavy-handed enforcement against digital asset firms, with ongoing investigations and <\/span><a href=\"https:\/\/bitcoinist.com\/vote-trump-save-crypto-harris-victory-could-lead-to-billions-in-losses-says-winklevoss\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">lawsuits <\/span><\/a><span style=\"font-weight: 400;\">against key players in the past years.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Trump\u2019s Crypto Advisory Team<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Industry executives, including Ripple CEO Brad Garlinghouse, have noted that they expect the new <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-48-candidates-backed-win-nov-5-elections\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Trump administration<\/span><\/a><span style=\"font-weight: 400;\"> to focus on regulatory clarity, lacking amid a fragmented legal framework governing cryptocurrencies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The digital assets sector has long called for comprehensive legislation to define the status of currencies such as XRP, Litecoin and Solana, to establish investor protections and to offer new investment products such as the<\/span><a href=\"https:\/\/bitcoinist.com\/trumps-return-optimism-xrp-solana-and-litecoin-etfs\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> spot exchange-traded funds<\/span><\/a><span style=\"font-weight: 400;\"> (ETFs) investing in Bitcoin and Ethereum that were approved earlier this year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trump\u2019s support has also attracted high-profile industry figures, including Elon Musk and Howard Lutnick, who are involved in shaping the administration\u2019s crypto policies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Lutnick, CEO and chairman of asset manager Cantor Fitzgerald, has raised concerns about potential conflicts of interest given his ties to stablecoin issuer Tether and other crypto-related companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Trump moves forward with his transition, the Post reports that his team is exploring the establishment of a presidential council on digital currencies and considering the appointment of a dedicated crypto advisor within the National Economic Council.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the <\/span><a href=\"https:\/\/bitcoinist.com\/bitwise-cio-declares-entering-golden-age-of-crypto\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">optimistic outlook <\/span><\/a><span style=\"font-weight: 400;\">among supporters, some Democrats have expressed concerns about the potential implications of Trump\u2019s pro-crypto policies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Critics argue that the regulatory changes sought by the industry could undermine consumer protections and \u201cexpose investors to greater risks of fraud and market manipulation.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the now 47th president aims to implement a comprehensive agenda, including the possibility of creating a national <\/span><a href=\"https:\/\/bitcoinist.com\/presidential-advisor-bitcoin-integration-strive\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin reserve<\/span><\/a><span style=\"font-weight: 400;\">, the effectiveness of these plans will depend on regulatory authority.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, with the Republican Party winning a majority in Congress, the path to these markers may be easier for Trump and the broader industry.\u00a0<\/span><\/p>\n<figure style=\"width: 1814px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/ARTNJmwy\/\" alt=\"Crypto\" width=\"1814\" height=\"858\"\/><figcaption class=\"wp-caption-text\">The 1D chart shows the total crypto market cap valuation at $2.83 trillion. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">TOTAL on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Featured image from AP,, chart from TradingView.com<\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/bitcoinist.com\/trump-crypto-policy-advisor-presidential-council\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President-elect Donald Trump is poised to reshape the US government\u2019s approach to crypto, actively seeking candidates with industry-friendly views for key regulatory positions.\u00a0 According to the Washington Post, as part &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=125373\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-125373","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125373"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125373\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}