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Trump's crypto team takes shape but questions remain over who will drive policy

Economic TimesEconomic Times · 15d
Trump's crypto team takes shape but questions remain over who will drive policy

US President-elect Donald Trump has revealed his crypto policy by announcing former PayPal executive David Sacks as White House A.I. & Crypto Czar, while nominating attorney Paul Atkins to head the Securities and Exchange Commission (SEC). The appointments have generated mixed responses, with some arguing that the creation of a crypto czar raises questions about who will drive policy. Sacks, a known bitcoin investor, is expected to bring change quickly, but clashes with the SEC's processes may occur. Meanwhile, Atkins is seen as a veteran in Washington policy circles who supports crypto innovation but hasn't taken a clear stance on the classification of crypto tokens. The crypto industry anticipates more constructive regulation under the new administration.

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