Crypto policy expert and attorney Jake Chervinsky weighed in on the upcoming transition process as former President Donald Trump prepares to take office again on Jan. 20.
Crypto Lawyer Jake Chervinsky Predicts Policy Shifts as Trump Prepares for January Inauguration
Chervinsky speculates that the outgoing administration could enact various enforcement actions and regulations before Trump takes office, potentially laying the groundwork for immediate policy changes.
Trump’s key regulatory issues include appointing a new SEC chair. Chervinsky suggests that current Commissioner Mark Uyeda has a strong shot at the job, while Commissioner Hester Peirce has a lesser shot. But Trump may prefer to bring in new talent rather than promote from within the SEC.
A high priority on Trump’s crypto policy agenda is expected to be reversing recent enforcement actions taken by the SEC.
That could include reducing what Chervinsky described as “unjustified enforcement actions” and reconsidering the Justice Department’s high-profile prosecution of Tornado Cash, a privacy-focused protocol that has been investigated for alleged sanctions violations.
Trump’s anticipated approach could reshape the regulatory landscape for cryptocurrencies, with many in the digital assets industry hoping for a reduction in sanctions and a more business-friendly environment.
*This is not investment advice.