Trump could dismantle 'crypto regulatory headlock': Rep. Byron Donalds

Published On Oct 16, 2024, 6:12 PM

Byron Donalds, a Republican congressman, shared insights about Donald Trump's intentions to significantly alter federal regulations impacting industries such as cryptocurrency. During a recent event with crypto investors, Donalds expressed that Trump aims to dismantle stringent regulations put in place by the current administration and plans to replace SEC Chairman Gary Gensler. Trump is looking to establish a more favorable environment for the crypto industry by proposing a 'regulatory sandbox' for innovation and change, distinguishing his approach from the Democrats, who he claims restrict the crypto market.