Trump was elected president of the United States or relax on the block chain and bitcoin regulation

Trump was elected president of the United States or relax on the block chain and bitcoin regulation

Donald Trump (DonaldTrump) after successfully elected president of the United States, he has shaken the political pattern of the United States, but for the blockchain policy, what does this mean?

Although during the election, Trump and his campaign team did not mention the financial science and Technology (FinTech), the future president of the United States, eventually signed with bitcoin related legislation and block chain technology.

However, Trump has expressed support for the repeal of the Dodd Frank Act (DoddFrank financial reform bill), if successful, will be the abolition of the Consumer Financial Protection Bureau, as well as any in the development of bitcoin regulations.

The new president took office, specific bitcoin and block chain industry will be affected, the current is still unknown.

CoinCenter (ChamberofDigitalCommerce), chamber of Commerce and digital two major currency digital technology public policy organization, said they intend to continue to cooperate with the new government in the United states.

In the view of digital chamber of Commerce President PerianneBoring, Trump was elected president of the United States that, in terms of digital currency technology is a good news, he believes that trump will avoid “excessive or unnecessary regulation”.

Boring told reporters:

“The Trump administration is likely to give a reasonable regulatory environment that allows block chain and digital assets and give full play to its amazing potential.”

Low priority

At least one observer said, in any case, the Trump administration is likely not issued or priority bitcoin blockchain legislation and supervision.

CarolVanCleef Manatt, a former partner of Phelps&Phillips, has joined the blockchain company BakerHostetler, she said:

“I guess now, for Trump, the most important thing is to repeal the Obama health care reform (ObamaCare), the Dodd Frank act and other policies.”

VanCleef continue to speculate that the Republicans might avoid significant expansion or block chain supervision of financial technology action, but chose to allow states to fill the gap.

“We can’t ignore the fact that the United States in this field still play a very important role, and the possibility of action is very low,” she said.

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