In the National Law Journal, White & Case White Collar partner Ladan Stewart, counsel Marietou Diouf and law clerk Arianna Skipper examine the state of crypto regulation and enforcement under the Trump administration, which they note are "broad outlines of a truly seismic change."
The authors point to recent crypto-friendly political appointments, the creation of a "President's Working Group on Digital Asset Markets" and the formation of a new SEC crypto task force led by SEC Commissioner Hester Peirce as signaling the administration's intent to work with the industry on developing a more friendly regime.
"These appointments, and the other steps taken in just its first few weeks, make clear that crypto now plays a central role in the new administration's regulatory priorities—a development that may fundamentally change its place in our financial markets," they said.
Looking ahead, the authors said, "This new collaborative approach will not only result in a welcome end to crypto's antagonistic relationship with US regulators, but will also provide opportunities to craft a more practical and constructive regulatory framework for this new, innovative and largely untapped asset class while still maintaining the important investor protections that are central to our capital markets."
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