The “Trump Effect”

A brief timeline of the “Trump effect:” Encouraging signs in US crypto policy*

Nov 5, 2024: Trump is elected 47th US President¹

Dec 5, 2024: Trump nominates Paul Atkins as next SEC Chairman²

Dec 6, 2024: Trump appoints David Sack as AI  & Crypto Czar³

Jan 20, 2025: Trump takes office as 47th US President⁴

Jan 21, 2025: Formation of an SEC Crypto Task Force led by Hester Peirce⁵

Jan 23, 2025: Executive Order introduces Presidential Working Group on Digital Asset Markets⁶

Jan 27, 2025: SAB 122: Revokes SAB 121, allowing financial institutions to custody crypto on behalf of clients⁷

Feb 4, 2025: Peirce signs a letter titled “The Journey Begins”8 while David Sacks holds his first press conference as AI & Crypto Czar⁹

Feb 11, 2025: Trump nominates Brian Quintenz as next Chairman of the CFTC¹⁰

The AI & Crypto Czar

“The crypto road trip on which the newly announced Crypto Task Force has embarked [...] should be more enjoyable and less risky than the crypto road trip the Commission has taken the industry on for the last decade.”

CNBC interview¹ on Feb 4, 2024

A pro-crypto SEC Chairman

“If the government, if the SEC, were more accommodating and would deal straightforwardly with these various [crypto] firms, I think it would be a lot better to have things happen here in the United States rather than outside.”

Interview on “Free the People” podcast² on Feb 22, 2023