Donald Trump has officially kickstarted his tenure as the President of the United States for the second time.
Background
- Trump vowed to stop "Joe Biden's crusade to crush crypto" during the pre-election period
- He also assured that the future of crypto will not be "driven overseas"
- The President is expected to issue a host of executive orders in the aforementioned direction in the coming days
Why should you pay attention?
- President Donald Trump has appointed one of the US Commodity and Futures Trading Commission's [CFTC’s] top officials, Commissioner Caroline Pham, to lead the agency
- She has already led multiple digital asset initiatives at the CFTC
- Specifically, she created a Digital Asset Markets subcommittee to make recommendations pertaining to governance and risk
- Alongside, she has also proposed a regulatory framework for digital assets
Who said what?
- In his inauguration speech, Trump vowed he'll direct efforts to defeat the record-high inflation
- With respect to supporting innovation, he emphasized,
“There’s no nation like our nation. Americans are explorers, builders, innovators, entrepreneurs, and pioneers. The spirit of the frontier is written into our hearts”
- However, the President did not explicitly mention crypto in his speech
Zooming out
- During his campaign, however, the President time and again underlined the need to foster innovation within the crypto industry and ease the regulatory environment
In other related reads
- Politi-Fi Memecoins Make a Comeback
- Crypto’s New Playmaker: Trump Picks Bo Hines to Spearhead Digital Asset Policy
- Will Not Attack ‘Industries of the Future’ like Crypto, AI: Trump
- Gensler: The SEC has 'Never Said' That BTC, ETH are Securities
- All You Need To Know About the ‘America-First’ Crypto Reserve
