Give Retail Investors a Voice in Crypto Policymaking
The post Give Retail Investors a Voice in Crypto Policymaking appeared on BitcoinEthereumNews.com.
Last week, through Executive Order, President Trump took a significant step toward reshaping the future of digital assets by establishing a Crypto Council led by investor and entrepreneur David Sacks. This Executive Order, coupled with the recent reversal of SAB 121 – an ill-conceived policy that made it prohibitively difficult for banks to custody crypto assets – demonstrates that the new administration is serious about removing barriers to crypto adoption. This council represents a golden opportunity to undo significant damage inflicted on the crypto industry during the Biden Administration. Instead of regulatory hostility, Trump’s Crypto Council can help chart a path toward innovation, responsible oversight, and, most importantly, the protection of the customers and retail investors who helped him win the election. While the involvement of major crypto companies like Coinbase, a16z, and Ripple is crucial, the council should not be composed solely of industry giants. For too long, retail investors, the backbone of the crypto revolution, have been ignored, exploited, or outright attacked, not only by the Sam Bankman-Frieds of the world but by the very regulatory agency designed to protect them. If the new administration is serious about fostering fair and effective crypto policy, it must include a voice for the everyday American. The Need for Retail Representation During the past four years, the Biden administration, through officials like Senator Elizabeth Warren and former SEC Chair Gary Gensler, waged an unfair war against the crypto industry. Chokepoint 2.0 proved to be a coordinated effort to cut crypto companies off from the banking system, restricting access to essential financial services. It crippled innovation in the U.S., sending customers and retail investors offshore into the hands of Bankman-Fried. Gensler’s regulation-by-enforcement approach left entrepreneurs and investors alike navigating an unpredictable and hostile regulatory environment. I witnessed firsthand how these reckless policies…
Filed under: News - @ January 31, 2025 1:21 am