Newly sworn-in President Donald Trump has tapped Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission, to be acting chair of the agency, the White House said Monday. Uyeda takes over from Gary Gensler,
According to the CFTC, one of Donald Trump’s first official acts as US President included naming Commissioner Caroline Pham to be the regulator’s acting chair starting on Jan. 20.
Donald and Melania Trump launched new cryptocurrencies over the weekend. Some experts are advising investors to be cautious.
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Bitcoin Hits New Record Ahead of Possible Trump Action on Crypto
Donald Trump Officially Sworn in as President of the US: What’s Next for Crypto?
To foster a more supportive regulatory atmosphere, President Trump has appointed Mark Uyeda as acting chair of the SEC, according to Reuters. The new chair has pledged to rewrite the SEC’s story towards the industry. Before now, Trump had nominated Paul Atkins to run the agency and take over from Gensler.
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Donald Trump plans crypto-friendly orders in first few days in power
President-elect Donald Trump's new pick for Chair of the U.S. Securities and Exchange Commission (SEC) is reportedly expected to start his tenure by revamping the agency's crypto policies.
Top Republican officials at the U.S. Securities and Exchange Commission are poised to begin overhauling the agency's cryptocurrency policies potentially as early as next week when President-elect Donald Trump takes power,
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Looking ahead, some analysts think the stock market will keep soaring as Trump pushes for deregulation and tax cuts during his second term. For instance, while on the campaign trail, he proposed lowering the corporate tax rate to 15% for domestic manufacturers. That could boost net profit margins and send the stock market higher.
Follow Cointelegraph’s live blog as Donald Trump takes the oath of office on Jan. 20. Stay tuned for crypto policy updates, market reactions and analysis of the administration’s potential impact on the crypto sector.
“I will end the electric vehicle mandate on day one. Thereby saving the U.S. auto industry from complete obliteration, which is happening right now, and saving U.S. customers thousands and thousands of dollars per car,” Trump said during his speech to the Republican National Convention in July.
Two days after Donald Trump launched a memecoin that soared to $6.5 billion overnight, Melania Trump announced her own memecoin, adding to concerns the pro-crypto president is crossing ethical boundaries in an industry his administration will regulate.
The Trump coin was announced on Friday, the final business day before the resignation of Gary Gensler, the outgoing chairman of the Securities and Exchange Commission and an enemy of the crypto industry. Trump had vowed to replace Gensler, who announced in November he would step down at noon on Inauguration Day.
MAGA and BTC united on Friday to celebrate what Trump’s crypto czar called an end of a “reign of terror” against cryptocurrency.
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