Chair of the US Securities and Exchange Commission (SEC), Gary Gensler, is pushing for regulatory framework for the crypto market as Trump administration signals a pro-digital asset stance.
Gensler emphasizes the need for clear regulations for crypto sales and intermediaries, focusing on transparency and proper disclosure.
The SEC Chair's concerns about compliance and adherence to traditional securities regulations may clash with the incoming Republican administration's views on the digital asset industry.
Trump plans to establish a favorable regulatory environment for cryptocurrencies but also promises to fire Gensler on day one of his administration, which begins in two months.