Donald Trump, the former president who embraced Bitcoin and its ilk this spring and even launched his own fledgling DeFi protocol, has made big promises to the industry.
Former President Donald Trump, who made crypto a talking point in the 2024 presidential election, appears to be nearing victory over Vice President Kamala Harris at the polls.
Now that the election is almost over, attention will turn to Trump’s picks to run the regulatory agencies, who will set the tone for his administration’s stance on crypto.
One common way for presidents to do this is by releasing executive orders. So, in a Trump presidency, an executive order could be issued to instruct the federal government to foster innovation, including crypto.
Trump will also appoint the heads of agencies like the SEC and Commodity Futures Trading Commission. At the moment, the terms of both officials end in 2026 though it is common for them to resign if their agendas clash with that of an incoming commander in chief.
After Trump became president in 2017, his picks to lead these agencies weren’t MAGA extremists, but often well-regarded former businesspeople or lawyers with impressive CVs.
They included former CFTC Chair Heath Tarbert and former SEC Chair Jay Clayton, both of whom went on to work in the crypto industry. Tarbert is chief legal officer and head of corporate affairs at Circle, and Clayton has advised the industry.
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