Cryptocurrency and the “R” word

Photo by Woliul Hasan on Unsplash

Who would have thought anyone in the financial arena would be excited about regulatory measures? However, in the Cryptoverse, the next step is necessary to move it into mainstream adoption.

Anthony Pompliano (Founder and CEO of Professional Capital Management) sees regulatory clarity in the Cryptoverse as a top barrier to mainstream adoption. He (along with many others) sees 2025 as the year in which huge strides could be made to make it happen.

President-elect Trump’s campaign promises (and subsequent appointments) are a primary reason for the optimism.

Since Gary Gensler announced his resignation as the chair of the Securities and Exchange Commission, Michael Barr (another anti-crypto government official) has been stepping down from his post at the Federal Reserve Bank.

These moves are on the heel of Trump’s appointments of:

Paul Atkins, the SEC chair,

Perianne Boring, CFTC (Commodity Futures Trading Commission) chair,

David Sacks, the proposed AI and Crypto Czar,

Bo Hines, The Crypto Council,

Stephen Miran, Council of Economic Advisers chair.

There is early optimism that the 119th Congress will pass meaningful legislation, which plays well for Crypto…