A former SEC official, John Reed Stark, has said that the U.S. government’s strict rules on crypto might soon end. This is expected because Donald Trump won the recent election, and he might bring in a more crypto-friendly team. Right now, the SEC chair, Gary Gensler, has been very tough on crypto companies like Coinbase and Kraken, making it hard for them to operate. Gensler treats crypto the same way he treats stocks, which brings strict rules. But Stark thinks most of these cases will stop, except for any serious cases of fraud.
With Trump coming in, Gensler might leave his job, and someone more supportive of crypto might take his place. One possible choice is Hester Peirce, known in the crypto world as “Crypto Mom,” because she supports more freedom for the crypto industry. If this change happens, the crypto industry may get a chance to grow more easily in the U.S.
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