Trump’s first week in office: Will crypto regulation take a back seat?

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1.1. Trump's First Week in Office: Crypto Regulation Takes a Back Seat
2.1. January 20, 2017

Trump's First Week in Office: Crypto Regulation Takes a Back Seat

As President Trump settles into his first week in office, the cryptocurrency community is anxiously awaiting any signs of how his administration will approach regulation. During the campaign, Trump made few specific statements about cryptocurrencies, but his overall stance on deregulation has led many to believe that he will take a hands-off approach to the industry.

This would be a welcome change from the Obama administration, which took a number of steps to regulate cryptocurrencies, including issuing guidance on how they should be taxed and requiring exchanges to register with the government. These regulations have been criticized by some in the industry as being overly burdensome and stifling innovation.

If Trump does take a more relaxed approach to crypto regulation, it could provide a much-needed boost to the industry. Cryptocurrencies have the potential to revolutionize the way we think about money and finance, but they need a regulatory environment that allows them to grow and innovate.

Of course, it is still early days in the Trump administration, and it is possible that his views on crypto regulation could change over time. However, his initial statements and actions suggest that he is likely to take a more hands-off approach than his predecessor.

This would be a positive development for the cryptocurrency industry, and it could help to accelerate the adoption of cryptocurrencies around the world.

January 20, 2017