{"id":3996,"date":"2024-12-10T11:32:46","date_gmt":"2024-12-10T11:32:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3996"},"modified":"2024-12-10T11:32:46","modified_gmt":"2024-12-10T11:32:46","slug":"eric-trump-promises-new-us-crypto-regulations-the-world-will-follow","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3996","title":{"rendered":"Eric Trump Promises New US Crypto Regulations \u2018The World Will Follow\u2019"},"content":{"rendered":"
\n

Speaking to CNBC\u2019s Dan Murphy yesterday, Eric Trump (Donald Trump\u2019s second son) announced the US crypto sector will soon have clearer regulations that \u201chopefully the rest of the world follows.\u201d\u00a0<\/p>\n

He conveyed his opinions in conjunction with Hester Pierce (US SEC Commissioner), who reportedly outlined three significant points that the SEC\u2019s new leadership should focus on for more transparent crypto policies.\u00a0<\/p>\n

Fairer and clearer regulations would level the playing field for innovation and smaller companies, as the meme coin project Wall Street Pepe (WEPE) also highlights.\u00a0<\/p>\n

Eric Trump Suggests Elon Musk Will Help Innovate the US\u00a0<\/h2>\n

During an interview with Murphy, Eric Trump expressed his concern about the ineptness of the current banking system. He highlighted the long waiting times for home loans in the US as an example.\u00a0<\/p>\n

\u201cIf you live in America, you want to go out and get a home loan takes you 90 days, how the hell does it take you 90 days to get a home loan, by then, by the way, the house is already sold, you know your dream is gone,\u201d he said.<\/p>\n

Eric suggested that blockchain technology can override such issues in the US crypto sector, saying, \u201cThere is nothing on blockchain that can\u2019t be done better, faster, substantially cheaper, and without pushing paper.\u201d<\/p>\n

He then discussed his father\u2019s urgency in utilizing blockchain technology<\/a> \u2013 with Elon Musk\u2019s help \u2013 to prevent the US from being \u201cleft behind.\u201d<\/p>\n

The US\u2019 crypto stance has been stringent under Gary Gensler. However, regulations are poised to loosen when he steps down on January 20 (the same day Donald Trump returns to the White House, likely owing to their contrasting viewpoints and fears of getting the boot).\u00a0<\/p>\n

Necessary US Crypto Changes, Per SEC Commissioner<\/h2>\n

Fox Business reporter, Eleanor Terrett, recently tweeted<\/a> that Pierce has outlined three critical actions for the new SEC under Trump to improve regulations in the US crypto sector.\u00a0<\/p>\n

1. \u201cStop the chokepoint aspect of government regulation.\u201d<\/p>\n

\u201cStep one is to stop this approach of trying to prevent crypto from getting access to the services that it needs \u2014 custody, for example \u2014 to move forward.\u201d<\/p>\n

2. \u201cProvide clarity around which things are not within the SEC\u2019s ambit, so which things are not securities and which people don\u2019t have to think about the SEC\u2019s regulatory framework.\u201d<\/p>\n

3. \u201cWork with entities involved in crypto to try to figure out how the existing rules apply and where adjustments need to be made. And that needs to be a group exercise. It needs to be done in the public so that everyone can participate in it. And I think we can get to a good place to do that relatively quickly.\u201d<\/p>\n

While the SEC\u2019s role is to protect investors and enforce securities law, the regulators have been scrutinized for hindering innovation following numerous lawsuits against Web3 companies.\u00a0<\/p>\n

Binance, Ripple<\/a>, OpenSea, Immutable, and Coinbase have each been accused of violating securities law. However, the SEC has faced backlash following them because of their unclear securities-crypto framework, which the regulators even said \u201cregrets any confusion.\u201d\u00a0<\/p>\n

However, the crypto industry has been discouraged by more than just the SEC\u2019s crypto rules. Another major issue is whale buyers. Because they hold a significant amount of crypto, they often manipulate prices and cause volatility.\u00a0<\/p>\n

WEPE aims to stabilize the crypto market by offering token buyers token insights to make more informed decisions and creating a strong community that overrides crypto whales.\u00a0<\/p>\n

Bright Times Ahead for the US Crypto Sector<\/h2>\n

As spotlighted by Eric Trump and Pierce, the upcoming changes to US crypto regulations following Trump\u2019s presidential return reflect a more innovative environment for America.\u00a0<\/p>\n

It indicates a significant shift from strict enforcement under Gensler that will promote fairness and transparency while stimulating technological advancements on-chain.\u00a0<\/p>\n

Still, it remains crucial to oversee and DYOR when investing in cryptocurrencies. This is where WEPE can help, providing you with robust trading insights and a thriving community that gives insight into the broader market, preventing whale buyers from causing volatility. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Speaking to CNBC\u2019s Dan Murphy yesterday, Eric Trump (Donald Trump\u2019s second son) announced the US crypto sector will soon have clearer regulations that \u201chopefully the rest of the world follows.\u201d\u00a0 He conveyed his opinions in conjunction with Hester Pierce (US SEC Commissioner), who reportedly outlined three significant points that the SEC\u2019s new leadership should focus […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3996","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3996"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3996\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}