Trump could dismantle 'crypto regulatory headlock': Rep. Byron Donalds

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Trump could dismantle 'crypto regulatory headlock': Rep. Byron Donalds
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If former President Trump retakes the White House, he is promising to blow up the burdensome regulatory red tape that is a drag on industries such as the crypto world.

Former President Trump has big plans for the vast federal regulatory infrastructure, like blowing it up . That’s the word from Rep. Byron Donalds, the Republican congressman from Florida and a prominent member of the House Financial Services Committee who spoke at crypto venture capital firm BlockTower’s investor day on Wednesday. Donalds revealed that he shared a plane ride Tuesday night from Atlanta to Florida with the former president who is vying to be the next president.

This industry is going to change so fast over the next five years, and what we already know is that the regulatory agencies of Washington are not nimble enough… they do not have the experience and the knowledge of what is happening in this industry right now on a week-to-week basis, month to month basis, year to year basis," he said. "You need the players in the industry to kind of make sure that the rules are clear.

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