Trump’s Victory Sparks Optimism for Cryptocurrency Regulation – BitRss

With Donald Trump’s re-election, expectations for cryptocurrency regulations and supportive measures have increased. The re-elected President Trump has begun taking steps that could create a favorable environment for crypto investors. The resignation of SEC Chairman Gary Gensler is perceived as a significant development for the cryptocurrency industry. The call for the merger of the SEC and CFTC has resurfaced with hopes for better management of the sector.

Merger Discussions Between SEC and CFTC

Discussions about merging the SEC and CFTC have been ongoing for years. Three months ago, U.S. Congressman John Rose introduced a bill for this merger. Popular crypto advocate John E. Deaton also supported the idea, stating that regulations need to be free from confusion and interventions.

“The merger of SEC and CFTC could bring clarity and regulation to the crypto sector.” — John E. Deaton

Support from Industry Leaders

Many industry leaders, such as Elon Musk and Vivek Ramaswamy, support the merger of the SEC and CFTC. Donald Trump plans to leave the oversight of the crypto market to the CFTC. This move could enable the U.S. to have a si…