Former SEC Chief Predicts Crypto Regulations to Be Implemented During Trump’s Presidency | Digital Watch Observatory
Trump may introduce cryptocurrency regulations, ex-SEC chief suggests.
Jay Clayton, former Securities and Exchange Commission (SEC) chair, predicts that cryptocurrency legislation could be on the horizon during Donald Trump’s upcoming administration. Speaking in New York, Clayton, who is a candidate for attorney general in Trump’s second term, shared his expectations that a shift in regulatory priorities may favour the establishment of new crypto laws. He noted that under Trump’s leadership, crypto regulations could address long-standing issues that the Biden administration has not acted on directly.
During Biden’s presidency, regulators have intensified enforcement actions against cryptocurrency companies without adopting the rules the industry has been advocating. Clayton hinted that Trump’s approach could ease regulatory burdens, aiming to encourage companies to go public and create a more business-friendly environment. However, this marks a shift from Biden’s SEC, which implemented rules that many firms consider burdensome, especially around climate-related disclosures.
Clayton has criticised Biden-era SEC policies, arguing that recent regulations requiring disclosures of climate-related expenses could discourage companies from public listings. He called these policies ‘terrible,’ suggesting they deter firms from entering public markets due to the perceived regulatory complexities.
While Clayton did not confirm if he would accept a role in Trump’s administration, he indicated a willingness to serve if asked. His comments underscore a potential policy shift, particularly in financial and crypto regulations, as the industry anticipates possible changes under new leadership.
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