Election 2020: What’s at Stake for the Crypto Industry
On the ballot this year are President Donald Trump (R), former Vice President Joe Biden (D), Jo Jorgenson (Libertarian Party), crypto entrepreneur Brock Pierce (independent) and musician Kanye West (also independent). The chairs of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), the head of the Office of the Comptroller of the Currency (OCC) and the Secretaries of Treasury and State are just a few individuals who shape the U.S. government’s approach to crypto.
Given the increasing amount of interest from European and Asian regulators in central bank digital currencies and other blockchain rules, with China in particular moving rapidly to develop a digital yuan, it’s likely that the next administration will have to do more work in this area, Collins said. Senate election
While the President might set the tone for crypto regulation next year, a large part of the government’s approach will be decided by Congress.
