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Trump administration unveils crypto regulation plans

Feb, 05, 2025 Hi-network.com

The Trump administration is preparing to accelerate digital asset regulation, with White House crypto czar David Sacks set to lead a press conference alongside key Conservative lawmakers. The event, scheduled for Tuesday, will outline plans to establish the US as a leader in the digital asset space while ensuring regulatory clarity.

The administration's working group on digital assets has tasked agencies, including the US Treasury and the SEC, with identifying all relevant cryptocurrency laws by the end of February. Between March and July, policy recommendations will be drafted to amend or remove outdated regulations, paving the way for a federal crypto framework.

Comprehensive proposals covering market structure, stablecoins, and consumer protection must be submitted within 180 days of July, with multiple parliamentary hearings expected. While the process will take time, the involvement of top Conservative policymakers signals a major shift in Washington's approach to cryptocurrency regulation.

Explore the wider impact of Trump's administration's policies in this collection of blogs -The Trump Moment: Global shifts and strategic realignments, analyzing the ripple effects on global diplomacy and power dynamics.

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