Measures to prevent Trump from benefiting, especially with the Digital Asset Market Clarity Act on the table.
Representative Stile dismissed the criticisms, describing them as "Trump Derangement Syndrome," while others are concerned about potential conflicts. Waters claims that Trump "is using his position...
to enrich himself from digital currencies," highlighting that the Clarity Act does not address these concerns.
At the same time, major regulatory financial agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) face the prospect of significant changes. Commissioners are leaving, raising questions about the future of oversight on digital currencies. The Senate is set to consider Trump's nominee for the CFTC chair on June 10.