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US Crypto Policy to Inspire International Regulatory Change: IoTeX’s Aaron Basi Weighs In

Press Releases Crypto News BeInCrypto US Crypto Policy to Inspire International Regulatory Change: IoTeX’s Aaron Basi Weighs In

As the White House prepares for a new administration, industry experts show optimism over a friendlier approach to digital assets in the United States. They expect to see more regulatory clarity and a welcoming environment for crypto innovation.

In an interview with BeInCrypto, Aaron Basi, head of product at IoTeX, said that this new chapter in US crypto policy will be a catalyst for other nations to follow its lead and embrace the industry.

Crypto Industry Remains Eager

As Donald Trump prepares for a second term in office, the president-elect has already taken several measures to reassure the industry that he will make the US “the crypto capital of the planet,” as he said during his campaign trail.

Those measures included several key appointments. In early December, Trump named David Sacks as the White House’s “crypto czar.” A seasoned entrepreneur and investor with over two decades of experience in Silicon Valley, Sacks is expected to bring extensive experience to this role.

Trump also picked Paul Atkins, a cryptocurrency advocate, to replace Gary Gensler as Chair of the Securities and Exchange Commission (SEC). Crypto advocates celebrated the move, while the market reacted with immediate gains.

To lead the Council of Economic Advisors (CEA), Trump picked Stephen Miran, a former Treasury official during his first administration. Miran, a vocal advocate for cryptocurrency, has previously called for regulatory reforms in the United States.

“For years, the US was seen as a risky place for crypto businesses due to its patchy and often contradictory regulations. But as the regulatory environment improves, it’s going to send a clear message: the US is open for crypto innovation,” Aaron Basi told BeInCrypto.

As such, the crypto industry awaits this transition with high expectations.