The Constraints of Governance: Trump's Promises to Transform the Crypto Industry Face Legal and Procedural Hurdles
President Donald Trump received significant financial backing from the cryptocurrency industry, promising to make the US the "crypto capital of the world" and receiving over $135 million in campaign contributions. However, fulfilling these promises may prove difficult due to legal constraints, bureaucratic inertia, and navigating a complex governance process. Trump's pledge to fire SEC Chair Gary Gensler on "day one" is legally impossible, and acting appointments may lack the legitimacy and authority needed for lasting reforms. Alternative strategies, such as appointing crypto-friendly commissioners, proposing legislative reforms, and promoting regulatory experimentation, may be necessary to implement Trump's crypto agenda. The crypto industry may face frustration as regulatory processes often take longer than expected, requiring consideration of feedback and legal scrutiny.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Announcement on Bitget listing MSTR, COIN, HOOD, DFDV RWA Index perpetual futures
Bitget to support loan and margin functions for select assets in unified account
[Initial Listing] Camp Network (CAMP) will be listed in Bitget Innovation and Public Chain Zone
XPLUSDT now launched for pre-market futures trading
Trending news
MoreCrypto prices
More








