Nov 23, 11:51 AM

Blockchain Association Urges Trump for Five Key Crypto Reforms in First 100 Days Amid Ongoing Legal Challenges

In the wake of Donald Trump's reelection, the Blockchain Association and Coin Center have called for significant reforms in U.S. cryptocurrency policy. The Blockchain Association has urged Trump to prioritize five key areas for crypto reform within his first 100 days, including a complete overhaul of leadership at the SEC, IRS, and Treasury, which they believe are hindering the industry. Meanwhile, Coin Center has expressed concerns that existing U.S. policies may deter potential investors and has highlighted ongoing legal challenges facing the crypto sector. They anticipate a more favorable regulatory environment under the new administration, particularly for centralized markets and stablecoins, but warn of persistent risks related to surveillance and anti-money laundering measures. Specific threats mentioned include IRS mandates and sanctions on privacy tools such as Tornado Cash. The advocacy groups emphasize the need for clearer rules to ensure the U.S. remains competitive in the evolving crypto landscape.

#Donald Trump #Blockchain Association #Coin Center #Trump #SEC #IRS #Treasury #Tornado Cash

Written with ChatGPT (GPT-4o mini).

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