Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Another Good News for Bitcoin and Cryptocurrencies – BTC-Friendly Name Appointed to a Very Critical Position in the US

Another Good News for Bitcoin and Cryptocurrencies – BTC-Friendly Name Appointed to a Very Critical Position in the US

BitcoinsistemiBitcoinsistemi2024/11/14 07:33
By:Mete Demiralp

A name known to be cryptocurrency and Bitcoin friendly has been elected to an important position in the US. Here are all the details.

Republican Senator John Thune from South Dakota has been appointed Senate Majority Leader in a move that could lead to clearer regulations for the cryptocurrency industry.

Known for his support of digital assets, Thune has been consistently pushing to expand the Commodity Futures Trading Commission’s (CFTC) jurisdiction over the crypto sector, an effort many see as crucial to establishing a safe regulatory environment for digital assets.

FOX Business reporter Eleanor Terrett broke the news of Thune’s stance on Twitter, noting that the new Majority Leader “was one of the sponsors of the Senate Agriculture Committee’s original bill that aimed to expand the CFTC’s oversight of digital assets.” “He is very pro-crypto,” she added.

Related News Bitcoin Footsteps to $100,000 - Experts Herald Critical Metric on the Way

Thune, who has served in the Senate since 2004, became the Majority Representative in 2019 and now steps into the role of Majority Leader after running against two GOP colleagues, John Cornyn of Texas and Rick Scott of Florida. Thune, who has served as both the Republican Conference and Commerce Committee chair in his past, is known for his policies on the economy and technology.

Thune’s appointment could mark a turning point for crypto regulation, aligning with an administration that has expressed support for the industry. While Thune has occasionally clashed with President-elect Donald Trump, particularly over Trump’s claims about the 2020 election, he ran on a platform dedicated to implementing Trump’s policy goals.

“I am deeply honored to have the support of my colleagues to lead the Senate in the 119th Congress,” Thune said in a statement after his appointment. “This Republican team is united behind President Trump’s agenda, and our work begins today.”

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Major Cryptocurrency Platform to Airdrop Tokens Gets French Crackdown – What Happens Now?

This is the first regulatory sanction for the platform, which has become especially popular after the US Presidential Elections.

Bitcoinsistemi2024/11/23 11:00

Date Revealed for New Cryptocurrency Laws Reform in the UK

The UK is set to introduce some radical changes to crypto and stablecoin regulation in the new year.

Bitcoinsistemi2024/11/23 11:00

Donald Trump’s Pick for US Treasury Secretary is Announced – Here Are His Cryptocurrency Views

US President-elect Donald Trump's choice for Treasury Secretary has finally been announced.

Bitcoinsistemi2024/11/23 11:00