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ARTICLE · 19 NOVEMBER 2024

Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Jay Clayton Predicts

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As the United States braces for a shift in regulatory priorities, former SEC Chairman Jay Clayton announced on Wednesday that he anticipates significant legislative action on cryptocurrency...

United StatesTechnology
Braeden Anderson
Braeden Anderson

As the United States braces for a shift in regulatory priorities, former SEC Chairman Jay Clayton announced on Wednesday that he anticipates significant legislative action on cryptocurrency under President-elect Donald Trump's upcoming administration. Speaking at a gathering of securities lawyers in New York, Clayton hinted at a friendlier regulatory environment for the crypto industry, a stark contrast to the enforcement-heavy approach seen under President Joe Biden.

Crypto Legislation on the Horizon

"I think we will see crypto legislation," Clayton said, forecasting a more structured approach to regulating digital assets. According to Clayton, the Trump administration's focus on streamlining regulations and reducing administrative hurdles will pave the way for comprehensive crypto legislation. "I think it becomes much easier to have crypto legislation if you're tackling some of these problems that can be addressed at the executive and administrative level," he

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