We don’t know a lot yet about Donald Trump’s crypto plans, but we can at least see what’s happened so far.
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The narrative
Nearly three weeks after the 2024 election, we’re still waiting for clear signs of how President-elect Donald Trump’s administration might approach crypto. Here’s what we know so far.
Why it matters
A large chunk of the crypto industry is betting that Trump’s administration will be friendlier toward crypto than President Joe Biden’s administration was. Companies are filing for new exchange-traded products tied to crypto and prices shot up in the immediate aftermath of the election.
Breaking it down
The next administration may include a White House official specifically to oversee crypto policy. It’s unclear just what this person might do, what sort of budget or staff they may command or just how much authority they will wield. Nevertheless, there are discussions about creating a crypto czar to either oversee policymaking or liaise with policymakers.
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Author: Nikhilesh De
