Donald Trump is trying to turn the United States into a crypto capital - here's how
To fulfill his campaign promise to make the United States the "crypto capital of the world, President-elect Donald Trump is preparing for the U. S. government to take a more cryptocurrency-friendly stance.
It is reported that Trump is considering industry-appropriate candidates for key positions in financial regulation, focusing on those who are in favor of #cryptocurrencies . This is being done to achieve his goal.
This approach is being implemented as Trump's advisers discuss promising federal policy changes with #cryptocurrency industry leaders.
According to recent reports, Donald Trump is expected to appoint representatives of the cryptocurrency industry to senior positions at key financial regulators during his second term.
These actions are in line with his goal of making the United States the world's leading center for cryptocurrency innovation and adoption. Trump's advisers are working with various leaders and top executives in the crypto industry to identify suitable candidates for positions at agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Esther Pearce and Daniel Gallagher, known for their favorable views on #digital assets, are among those being considered. 1 Pearce, often referred to as a "crypto mommy, has criticized the SEC's current approach to digital assets because he favors a more transparent regulatory environment. Gallagher, who currently works as an executive at Robinhood, also criticized the agency's aggressive approach to regulating cryptocurrencies.
Additionally, the latest CoinGape report says that Gary Gensler is expected to step down by the end of the year.
At the same time, industry executives and experts have expressed confidence in the potential of Trump's regulatory reforms.
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