Crypto's U.S. Banking Problem Likely Among the First Things Tackled Under Trump

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CoinDesk 12h ago

Crypto's U.S. Banking Problem Likely Among the First Things Tackled Under Trump - CoinDesk

Quick Summary:

From the debanking crisis to the SEC's crypto accounting standards, the blockade between the digital assets sector and banks may be an easy target.

Trump will be able to name one of the two sitting Republicans as acting chair, just as Biden had named Allison Herren Lee to that role on January 21, 2021, at the start of his presidency.

Barr had been in that role when the Fed issued warnings to the banks it supervises that any crypto activity had to be meticulously run by the regulator before the institutions could move forward.