Trump's presidency could bring SEC reform and pro-crypto regulations
Trump's presidency, following his victory on November 6, 2024, may usher in favorable cryptocurrency regulations in the U.S., leading to a less restrictive SEC and improved transparency in crypto regulations. Steve Milton, CEO of Fintopio, suggests that a more pro-crypto SEC chair could replace Gary Gensler, facilitating a regulatory environment that benefits the crypto industry. The Republican party's control of the Senate is viewed as a significant victory that may lead to harmonized crypto regulations, spurring innovation and competition, according to Anastasija Plotnikova from Fideum. Analysts predict that pro-crypto regulation could enable new crypto-based financial products, including the potential approval of a staked Ether ETF, which would enhance the appeal of Ether as an investment. However, there are concerns that Europe might lead in some regulatory advancements due to the evolving landscape in the crypto sector.
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