đ Donald Trumpâs team is considering #PaulAtkins , a former SEC commissioner, as the next head of the Securities and Exchange Commission (SEC). Known for his pro-innovation stance, Atkins could pave the way for a more favorable regulatory environment for cryptocurrencies and blockchain technologies in the US.
âïžHowever, the bigger story lies elsewhere: the Trump administration plans to shift crypto regulation to the CFTC (Commodity Futures Trading Commission). This move would classify tokens as commodities, reducing the SECâs role in overseeing the crypto market. đ€
đ If implemented, the CFTC will gain significant control over the crypto space, potentially redefining the regulatory landscape for blockchain businesses in the US.