The post Crypto And Trump Administration Is Just Getting Started, Brace Yourself Says Ron Hammond appeared on BitcoinEthereumNews.com.

Ron Hammond, the director of government relations in Blockchain Association has shared a series of X posts noting that if the past 7 days felt like a whirlwind, brace yourself. He claims that crypto and the incoming Trump administration are just getting started.  1) This week in Congress and crypto: If the past 7 days felt like a whirlwind, brace yourself. Crypto and the incoming Trump admin are just getting started in DC. From new admin picks to crypto bills in lame-duck limbo, here’s what to watch for: — Ron Hammond (@RonwHammond) November 12, 2024 Starting with the incoming administration, he noted that this week there could be key announcements that will show how Trump plans to approach crypto. He also noted that while Trump may be pro-crypto publicly, major decisions will often rest with agency heads and admin staff. Key Positions To Be Taken Up By Pro-Crypto Candidates? Key positions at Treasury, SEC, banking regulators, and CFTC are yet to be announced. He shared that many of the rumored names would be favorable for crypto. However, he asked the users to stay cautious until a formal announcement from the President-elect and to refrain from drawing conclusions.  He noted that Trump has also promised to create a crypto role within the White House or an advisory council. Notably, this would be a first in terms of explicit crypto roles and he emphasized that early hires will likely shape these roles. Trump’s team has been evaluating potential admin staff and agency heads for months. They aim to hit the ground running with a full GOP majority, and crypto seems to be among their priorities.   What Will Shape The Direction Of Agencies? He underscored that these roles will be key in shaping the direction of agencies, the White House, and even assisting Congress…

---

Filed under: News - @ November 12, 2024 11:21 pm