Former US President Donald Trump May Change Crypto Stance Dramatically, Says Ex-SEC Official
The
U.S. Securities and Exchange Commission’s former head of internet enforcement says
former U.S. President Donald Trump’s anti-crypto stance may change dramatically. He further predicted that if a Republican is elected U.S. president, a Republican-appointed SEC chair would, at a minimum, approve a bitcoin exchange-traded fund (ETF) and
“may even slow down considerably SEC crypto-related enforcement efforts.”
Citing multiple media reports, he also noted that
Trump now owns some cryptocurrency. The former U.S. president reportedly disclosed crypto
holdings of $2.8 million in ether (ETH) in August after debuting a non-fungible token (NFT) collection last year.
The former SEC internet enforcement chief concluded on Wednesday:
Under any circumstance, it seems likely that if a Republican is elected U.S. president, a Republican-appointed SEC chair would, in the least, approve a bitcoin spot ETF and may even slow down considerably SEC crypto-related enforcement efforts.
Last month, Stark highlighted a number of potential changes that could
benefit the crypto industry.
They included a Republican president being elected, SEC Chairman Gary Gensler resigning, and “crypto mom”
Hester Peirce being appointed as the acting SEC Chair.
