Donald Trump Plans to Issue Crypto Executive Orders on First Day
The forthcoming Trump administration is poised to significantly transform the landscape of regulating cryptocurrency, as prominent technology and cryptocurrency leaders take influential positions in shaping policy.
As reported by The Washington Post, venture capitalist Marc Andreessen has emerged as a key figure in this transition, using his expertise in Silicon Valley to recruit potential candidates for crucial roles in Washington.
Andreessen, who co-founded Andreessen Horowitz, has been actively involved in interviewing and recommending candidates for various positions, particularly those related to cryptocurrency policy.
His influence can be traced back to a meeting with then-President-elect Trump last summer, during which the latter’s message of technological competition with China struck a chord with the venture capitalist.
The Trump transition team has placed a high priority on regulating cryptocurrency, with plans to tackle issues such as “de-banking” and controversial accounting practices on the first day of the presidency. David Sacks, who was appointed as Trump’s czar for artificial intelligence and cryptocurrency, is collaborating closely with industry leaders to finalize a legislative strategy.
