Trump’s incoming administration would appoint pro-crypto candidates for key positions and adopt a more liberal stance on cryptos.
Trump 2.0 is preparing to implement his campaign promise of making the US the “crypto capital of the planet.” According to a Washington Post report, Trump is exploring new personnel and policies that would relax crypto regulatory environment in the US.
Additionally, his senior advisers are consulting with cryptocurrency executives on potential federal policy changes.
Trump’s aides are considering having a “mix of current regulators, former federal officials and financial industry executives,” who have a positive stance on cryptos, for key leadership positions.
Sources told the publication that the process is still early, and the list of candidates change. However, some of those under consideration include Daniel Gallagher, who currently works for Robinhood, and the SEC’s two Republican commissioners, Hester Peirce and Mark Uyeda.
The administration had initial discussions focused on regulatory agencies including the Securities and Exchange Commission (SEC), the report added.
Trump had previously promised to “fire” the current SEC Chair Gary Gensler on “day one.”
Another crucial appointment would be the chair of the SEC, the power to determine crypto regulations. Peirce is reportedly seen as a potential interim chair of the SEC, once Trump takes over the White House.