Bitcoin, Blockchain and Trump: Where Do We Go From Here?

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Former counsel to bitcoin exchange Gemini, David Brill, is a fintech lawyer with more than 20 years of experience.

In this CoinDesk opinion piece, Brill shares his insights from the American Bar Association (ABA) Conference on Derivatives and Futures Law, at which he spoke in January.

trump, president

The regulatory environment for blockchain and bitcoin (as well as the overall securities environment) is in flux as US President Donald Trump’s administration begins to gather momentum.

The Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC) have already been working for several years on various digital currency-related policies, and now it appears the organizations’ to-do lists are about to grow.

Trump has an ambitious agenda when it comes to financial regulations, including repealing parts of the Dodd-Frank Act and Volcker Rule, while implementing the Federal CHOICE Act. But the regulatory bodies will likely need to figure out ways to implement a wide variety of changes, with a static or smaller budget than previous years.

Recently, I spoke at The American Bar Association Business Law Section, Derivatives and Futures Conference where the impact of Trump was top of many of the attendees’ minds. Hosted in Naples, Florida,

Read more ... source: CoinDesk

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