The U.S. President-elect Trump is reportedly preparing to adopt a more lenient stance toward cryptocurrency, considering appointing a group of candidates friendly to the cryptocurrency industry for key positions. Meanwhile, his senior advisors are discussing the potential changes in federal policy with executives from cryptocurrency companies. (Background: Standard Chartered: The probability of Trump incorporating Bitcoin into the U.S. strategic reserve is low, but he will overturn the SAB121 cryptocurrency accounting law after taking office) (Supplementary background: After Trump wins the election, what should the cryptocurrency industry do next?) According to a report by The Washington Post, by pursuing a more lenient regulatory environment, U.S. President-elect Trump hopes to fulfill his campaign promise to make the U.S. the 'global cryptocurrency capital.' Initial discussions are focused on a series of financial regulatory agencies, including the U.S. Securities and Exchange Commission (SEC). Trump plans to appoint cryptocurrency-friendly officials. According to five informed sources, Trump's advisors are considering appointing current regulators, former federal officials, and financial industry executives to important leadership positions, many of whom have publicly expressed support for cryptocurrencies. However, the discussion is still in the early stages, and the candidate list is still changing. The candidate list for leading agencies like the SEC includes former SEC official Daniel Gallagher, who currently works at the fintech company Robinhood, which provides cryptocurrency wallets and stock trading services, as well as two Republican SEC commissioners Hester Peirce and Mark Uyeda. Gallagher is a Republican donor who has criticized the SEC's scorched earth policy towards cryptocurrencies. Peirce and Uyeda have criticized the SEC's harsh policies and enforcement actions under Biden's leadership. After Trump takes office, Peirce may serve as the interim chair of the SEC and may lead a federal cryptocurrency policy task force in the future. Trump's aides are also considering former SEC commissioner Paul Atkins and former Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo. During his campaign, Trump made a series of friendly commitments regarding cryptocurrency, including firing SEC Chair Gary Gensler on his first day in office, reducing the sentence of Silk Road founder Ross Ulbricht, forming a Presidential Cryptocurrency Advisory Council, abolishing SAB 121, ending Operation Choke Point 2.0, making the U.S. a stronghold for Bitcoin mining, and establishing a national strategic Bitcoin reserve, among others. Notably, ABC News reported that multiple sources revealed that Tesla CEO Elon Musk has become one of the key figures in shaping Trump's future government. It is reported that since the election day, Musk has appeared at Mar-a-Lago almost every day, having a direct influence on Trump's personnel decisions and strategies for his second term. Musk also participated in two calls between Trump and foreign leaders. Last week, when Trump spoke with Ukrainian President Zelensky, Trump even handed his phone to Musk to let him speak directly with Zelensky. Musk also participated in Trump's call with Turkish President Erdogan. Musk has had a profound impact on Trump's campaign activities. According to the Associated Press, informed sources revealed that Musk's super political action committee (Super PAC) spent about $200 million to help Trump campaign for the presidency. Related reports: Standard Chartered analyst: SOL is expected to break new highs by the end of the year, while ETH will have to wait until Trump is inaugurated. Bitcoin breaks through $77,000 to set a new high, and Ethereum approaches $3,000! The Trump effect continues, with the three major U.S. stock indices also breaking historical records. Trump and Musk team up to take down the TSLA short sellers! Hedge funds suffer losses exceeding $5 billion. 'Trump wants regulatory agencies filled with cryptocurrency-friendly officials, potential candidates for the new SEC chair are exposed.' This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).

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