Crypto Fears Ease in Asia as Officials Aim to Keep Up With Trump

If I was a legitimate cryptocurrency company, I would want regulation because I think regulation actually legitimizes the business and gives people some protection,

Rheingold said

I'm not apocalyptic, but I lived through the first administration of that guy, and I am not optimistic about anything that's consumer-friendly,

said Ira Rheingold, executive director of the National Association of Consumer Advocates (NACA).

Right now if you were to try and do a registered offering in token form, it's really unclear where and how those tokens can trade and what disclosures you need to make,

said Shapiro

I think we're going to see movement both from the executive branch and through Congress,

said Zack Shapiro with the Bitcoin Policy Institute,

Cynthia Lummisrepublican Senators

Bitcoin is transforming not only our country but the world and becoming the first developed nation to use Bitcoin as a savings technology secures our position as a global leader in financial innovation,

Lummis said in a statement when she unveiled the Bitcoin reserve bill

I think it's very simple: is America in 2028 going to be a better place to save and buy Bitcoin and join Bitcoin businesses than it is today

said Gladstein, whose nonprofit group, among other things, operates a fund intended to promote the use of Bitcoin for human rights defenders in politically hostile countries

There has been an effort in the Washington bureaucratic swamp to stifle innovation with more regulation and higher taxes, but President Trump will deliver on his promise to encourage American leadership in crypto and other emerging technologies,

Brian Hughes, a spokesman for the transition team, told Context days before Trump was sworn into office

I think that did not escape legislators' notice,

he said

From a cynical point of view, I can see how much money the crypto industry is pouring into Washington, so one would think that they have a chance at making something happen. But I honestly don't know,

he said

I'm strongly in favour of repealing it and I would hope that President Trump would take that action,

Allaire said

That's something I think to watch closely in terms of EOs (executive orders),

Allaire said during an interview with the Reuters Global Markets Forum at the start of the World Economic Forum's annual meeting in Davos this week

We expect Committee work to be very active, literally in the coming weeks,

he said