Donald Trump is reportedly positioning the U.S. to become the “crypto capital of the planet” by appointing pro-crypto candidates to key regulatory roles.
Trump’s advisors are in talks with crypto industry leaders, aiming to identify candidates who support a more accommodating stance on digital assets. His plan is to bring industry-friendly figures, such as Hester Peirce and Daniel Gallagher, into leadership roles within agencies like the SEC and CFTC. Peirce, known as “Crypto Mom” for her advocacy of open regulatory policies, and Gallagher, a Robinhood executive, are both noted for their support of digital assets and their opposition to the SEC’s current approach under Gary Gensler.
Recent reports also indicate that Gensler may step down by year-end, with Gallagher being considered as a possible replacement. This shift could establish a more pro-crypto stance within the SEC and align with Trump’s broader goals. Supporters of Trump’s vision, such as Cardano founder Charles Hoskinson, are optimistic, believing these regulatory changes could lead to clearer, more consistent rules for the crypto industry. Hoskinson has even expressed interest in working with the government to help shape this regulatory framework.
Trump’s pro-crypto stance has already impacted the market, with Bitcoin recently hitting a new ATH of over $89,000. Investors are hopeful that Trump’s administration will create a regulatory environment favorable to crypto, potentially driving further market growth. However, not everyone is convinced. Economist Peter Schiff has criticized the idea of a national Bitcoin reserve, arguing that it could destabilize the dollar by creating an overreliance on BTC. Despite these concerns, Trump’s team and industry advocates remain focused on transforming the U.S. into a global crypto leader.
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