Donald Trump’s upcoming administration would install crypto-supportive candidates in key federal finance positions to foster a more receptive inclination towards crypto in the United States. Notably, this aligns with the ultimate goal of elevating the country to the status of the “Crypto Capital of the planet,” as reported by local media.
In his second term as president, Trump will appoint new officials and overhaul policies to reshape the nation’s regulatory framework to meet this goal. Already, Trump’s aides are scoping out present and former executives with a pro-crypto stance for such appointments.
In addition, the President-elect’s advisers are consulting with select crypto industry stakeholders on upcoming policy formulations. Per the report, regulatory agencies were a key aspect of this overhaul, particularly the United States Securities and Exchange Commission (SEC).
Accordingly, potential names (though unverified yet) considered include Mark Uyeda and Hester Pierce, both Republican SEC commissioners and Daniel Gallagher, CLO at Robinhood and former SEC commissioner.
Next SEC Chair After Gary Gensler
Notably, this is a key position under much observation as the SEC stipulates the regulatory guidelines that govern the US crypto industry.
The Gary Gensler-chaired SEC administration saw a stringent crackdown on crypto and crypto exchanges and long legal confrontations and investigations. In a nutshell, the administration brought much hassle to exchanges and severely impacted crypto in the US.
It’s popular knowledge that Trump won’t tolerate Gensler once sworn into office. Meanwhile, many speculations on the potential SEC Chairs have risen. Hester Pierce could become the interim SEC Chair per the report.
Also, Mark Uyeda could be considered, given his stance against the SEC’s “war on crypto” in the previous administration. Other likely candidates include former CFTC commissioner, Chris Giancarlo and former SEC commissioner, Paul Atkins.
Crypto Policy Advancement in the US
In our previous article, Justin Sun, founder of TRON, announced TRON’s support for the Digital Sovereignty Alliance (DSA), an initiative to influence US crypto policy development.
Sun is optimistic about the DSA’s collaboration with lawmakers and the advancement of significant legislation like the Financial Innovation Technology Act of 2021 and the Digital Commodity Consumer Protection Act, which he believes will promote growth in the digital assets industry.
With the pro-crypto stance of President-elect Donald Trump, TRON and other stakeholders are hopeful that clearer policies will foster innovation and attract more investors to the United States crypto market.
