One of the most significant events this week indicated that cryptocurrency in the U.S. might soon breathe easy. Trump clearly stated that the pressure on cryptocurrencies would end and has begun to take steps in this direction. Appointments of the Treasury Secretary, Commerce Secretary, and SEC Chairman have favored pro-crypto individuals. More developments unfolded today.
Positive News for Cryptocurrencies
A vote for SEC member Caroline Crenshaw was scheduled for tomorrow; however, a recent announcement indicated she would not participate, allowing Trump to appoint another member to the SEC. This means that Caroline Crenshaw, known for her anti-crypto stance, will not be part of the new era.
Wu reported that FOX Business reporter Eleanor Terrett stated the Senate Banking Committee canceled the planned review vote regarding Crenshaw’s reappointment. Crenshaw will not be re-nominated.
SEC’s Control Over Cryptocurrencies
Trump does not want anti-crypto individuals to remain i...
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