Mark Carnegie Warns Australian Crypto Regulators: ‘We Have 60 Days’
Mark Carnegie is warning that Donald Trump’s return to the White House in January gives Australian policymakers only 60 days to address a cryptocurrency agenda. Failure to do so could result in Australia missing out on significant economic benefits.
In an exclusive interview with Capital Brief, Carnegie emphasized the urgency of rescuing Australia’s regulation within the next 60 days. The fund manager and VC pointed out the vital role of cryptocurrency in Australia’s future prosperity and disclosed that he has been personally “debanked,” presumably due to his involvement with cryptocurrency.
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During his campaign, Trump pledged to establish regulations for the cryptocurrency industry, which has long argued that it needs regulatory clarity to thrive. Carnegie explained that Trump’s election presents an opportunity for the sector to flourish once the new administration takes office on January 20. He cautioned that Australia will be left behind if it doesn’t act swiftly.
“Australia, which has seen both sides of politics delay decisions on cryptocurrency regulation, has a chance to engage with the incoming Trump administration and align its regulatory framework with that of the United States,” said Carnegie.
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