Trump Pushing CFTC To Oversee the Cryptocurrency Industry
Trump is reportedly pushing the U.S. Commodity Futures Trading Commission (CFTC) to oversee the cryptocurrency industry, reported Fox Business. The President-elect is making good on the campaign promise to reshape the digital assets’ landscape and make the U.S. the hub of cryptos. Also Read: US Dollar vs Chinese Yuan: Trump To Start a Currency War? According to Fox Business, Trump plans to extend power to the CFTC to put a regulator in charge to oversee the cryptocurrency industry. It is also reported that Trump plans to limit the powers of the U.S. Securities and Exchange Commission (SEC) on the digital asset industry. Bloomberg reported that Trump is eyeing Paul Atkins to be the next SEC Chair after Gary Gensler steps down. Also Read: Will the U.S. Become Bankrupt? Debt Reaches $36 Trillion CFTC Could Regulate the Cryptocurrency Industry Under Trump Source – Techopedia The SEC has been aggressively targeting the cryptocurrency industry under Chairman Gary Gensler. However,...