At a Bitcoin conference in Nashville on July 27, Donald Trump pledged to replace SEC Chair Gary Gensler with a pro-industry figure, signaling potential changes in the crypto landscape. While the US leads in tokenized dollars, investor protection remains crucial. Trump's nominee should prioritize goals like enabling Ethereum ETFs and addressing staking challenges. The SEC must adapt to blockchain's strengths in reporting and settlement, while enhancing KYC and custody regulations. Decentralized exchanges offer cost-effective trading solutions but lack regulation. The SEC should clarify token classifications, establish DEX registration processes, and collaborate with the CFTC. Embracing on-chain solutions for dollarization and tokenized assets can propel the US to the forefront of the digital economy. A forward-thinking SEC chair is essential for shaping a sustainable crypto policy for the future. Read more AI-generated news on: https://app.chaingpt.org/news