Introduction
During Donald Trump’s second presidential term, he is expected to develop cryptocurrency-friendly policies and has started to announce some prominent names for some important positions in this field. These are ;
-
Elon Musk
With the re-election of Donald Trump as president, he is planned to head a new structure called the “Department of Government Efficiency”. This structure aims to reduce bureaucracy, prevent waste and fraud in the US federal government. Interestingly, the name of this ministry is abbreviated as “DOGE”, which is thought to be a reference to the Dogecoin cryptocurrency, which Musk frequently supports. Elon Musk has long had a positive attitude towards cryptocurrencies. He is especially known for his support for Dogecoin and Bitcoin.
-
David Sacks
Trump announced his choice as the “White House AI and Crypto Czar” for crypto and artificial intelligence policies. Sacks is known for his experience in technology and entrepreneurship and aims to create a legal framework for crypto regulations.
-
Paul Atkins
Donald Trump has chosen Paul Atkins as the chairman of the SEC (US Securities and Exchange Commission). Atkins is a former SEC commissioner (2002-2008) and is known for his experience in the financial sector. In particular, he co-founded Patomak Global Partners, advising banks, cryptocurrency exchanges and decentralized finance (DeFi) platforms. He has also served on the board of advisors of an organization called Digital Chamber and has been active in crypto regulation.
In addition, after Donald Trump wins the election, some important figures who are expected to take part in his team and who are pro-cryptocurrency may be the following:
-
Peter Thiel
Position: Technology entrepreneur and investor.
The Cryptocurrency Connection: Peter Thiel is an important name in the cryptocurrency world. He has invested heavily in Bitcoin and other digital assets. At the same time, Thiel is a strong supporter who believes that cryptocurrencies offer an alternative to the state’s monopoly on printing money.
Proximity to Trump: Thiel was a major donor and advisor to the 2016 Trump campaign. He can be expected to be part of Trump’s team in 2024, especially to support his policies on technology and financial innovation.
-
Tyler and Cameron Winklevoss
Position: Founders of the Gemini cryptocurrency exchange.
The Cryptocurrency Connection: The Winklevoss twins are early investors in Bitcoin and important figures in the cryptocurrency world. Gemini is one of the largest cryptocurrency exchanges in the US.
Proximity to Trump: They supported Trump in 2016, but took a more independent stance in the 2020 election. Still, they may want to play an influential role in the Trump administration on the future of the cryptocurrency industry.
-
Michael Saylor
Position: CEO of MicroStrategy.
Cryptocurrency Connection: Saylor is a big proponent of Bitcoin, and his company, MicroStrategy, has incorporated Bitcoin heavily into its company reserves. Saylor is a strong advocate for the role of cryptocurrencies in the economic system.
Proximity to Trump: Saylor supported Trump in the 2020 election and could be an influential voice on digital currency policies in the Trump administration.
-
Anthony Pompliano
Position: Cryptocurrency investor and podcaster.
Cryptocurrency Connection: Pompliano is a strong advocate of Bitcoin and the cryptocurrency ecosystem. He has also been involved in many platforms that provide education in the cryptocurrency industry.
Proximity to Trump: Pompliano may take a more neutral stance towards Trump in 2020, but in 2024 he may take a role close to Trump as a figure who believes that the Trump administration should embrace cryptocurrency and blockchain technologies.
-
Jeffrey Gundlach
Position: CEO of DoubleLine Capital, financial investor.
The Cryptocurrency Connection: Gundlach is an investor who believes in the potential of Bitcoin and is an influential voice in the cryptocurrency world.
Proximity to Trump: He has advocated and supported economic policies favorable to Trump. Gundlach could be part of the Trump team with his approach to the digitalization of the financial system.
-
Brian Quintenz
Position: Director of Policy at the cryptocurrency arm of Andreessen Horowitz (a16z).
Cryptocurrency Connection: As a former CFTC (Commodity Futures Trading Commission) Commissioner, Quintenz collaborates with both US regulators and legislators on the future of Web3 and the cryptocurrency industry. He leads a16z’s strategy on Capitol Hill regarding crypto regulation and policy.
Proximity to Trump: While he has no direct ties to the Donald Trump administration, his approach to cryptocurrency regulation appears to align with the pro-crypto policies of Trump’s second presidential term. As a former CFTC commissioner, Quintenz is known for advocating for market-friendly regulations and policies that support innovation.
These names could be important figures that could shape policies and regulations related to the cryptocurrency sector after Trump’s 2024 election. They could also have an impact on the future of cryptocurrencies, as Trump’s team aims to quickly adapt to changes in the world of technology and finance.
Disclaimer
This content has been prepared by the Darkex Research Team for informational purposes only. It does not constitute investment advice. All risks and responsibilities arising from your investment decisions are solely your own.
Click for Daily News articles published in Darkex.
