BEHIND THE STITCH: ALANI
June 21, 2024
No Comments
President-elect Donald Trump is reportedly considering the creation of a dedicated White House position to oversee cryptocurrency policy. This role would focus on streamlining crypto regulations and strengthening coordination between the federal government and the crypto industry.
Advocates are pushing for the position to report directly to the president, emphasizing its importance in shaping the U.S. as a crypto-friendly hub.
https://www.instagram.com/p/DCmqtJfStb7/?igsh=MWZkampjb2RkY2t3dQ==
The potential responsibilities of this role include acting as a liaison between Congress, federal agencies like the SEC and CFTC, and the White House.
The move reflects Trump’s campaign promises to ease regulatory pressures on the crypto industry, including replacing key figures such as SEC Chair Gary Gensler and advancing crypto-friendly legislation.
Meetings with industry leaders, including Coinbase executives, have fueled optimism about a supportive regulatory environment under the new administration.
If implemented, this would be the first federal position dedicated to digital assets, potentially setting a historic precedent in U.S. governance.
