In the National Law Journal, the White & Case White passes partner, Ladan Stewart, the lawyer Marietou Diouf and the clerk of the Arianna Skipper law examine the state of regulation and application of cryptography under the ‘Trump administration, which they note are “general contours of a truly seismic change”.
The authors highlight the recent friendly political nominations, the creation of a “working group of the president on the digital asset markets” and the training of a new working group on the dry crypto led by the SEC HESTER Commissioner Peirce as signaling the intention of the administration to work with industry in the development of a more friendly scheme.
“These appointments, and the other measures taken in its first weeks, clearly show that crypto now plays a central role in the regulatory priorities of the new administration – a development which could fundamentally change its place in our financial markets,” they declared.
For the future, the authors have said: “This new collaborative approach will not only lead to a welcome end to the antagonistic relationship of crypto with American regulators, but will also offer opportunities to develop a more practical and constructive regulatory framework for this new, Innovative and largely unexploited as a class of assets while retaining the important protections of investors who are at the heart of our capital markets.
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