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Home Blockchain

Trump Reveals Plan for Crypto, Big Tech, and Immigration!

by DigestWire member
November 23, 2024
in Blockchain, Crypto Market, Cryptocurrency
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Trump Reveals Plan for Crypto, Big Tech, and Immigration!
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Crypto Lawsuits May End by 2025 with New SEC Chair and Trump’s Crypto Guidelines

The post Trump Reveals Plan for Crypto, Big Tech, and Immigration! appeared first on Coinpedia Fintech News

Donald Trump is back in the spotlight with some intriguing nominations for his next administration. Scott Turner, a former NFL player turned government official, has been chosen to lead the Department of Housing and Urban Development (HUD). But that’s not all. Many of Trump’s picks seem connected to a conservative plan called Project 2025, which might just shake things up in a big way.

Scott Turner’s Leap into Leadership

Scott Turner’s nomination as HUD Secretary has people talking. Known for his time as an NFL player and his role in the White House Opportunity and Revitalization Council, Turner’s background isn’t the typical path for this position. Trump clearly sees something in him, praising his efforts to lift struggling communities during his first term.

As the highest-ranking Black nominee in Trump’s new team, Turner’s selection stands out. The big question, though, is whether he can handle the challenges of housing reform while sticking to Trump’s conservative goals.

Financial Shake-Ups and Crypto Advocates

Trump’s financial team is shaping up to be pro-crypto and anti-Big Tech. Scott Bessent is lined up for Treasury Secretary, but it’s the SEC Chair choice that’s making waves. Trump’s leaning toward a crypto-friendly nominee, with names like:

  • Paul Atkins, who has experience from his time as SEC Commissioner.
  • Brian Brooks, a known supporter of crypto innovation.
  • Brad Bondi, a lawyer with political and corporate connections.

This push for a crypto-positive approach could lead to clearer rules for digital assets, something the industry has been demanding. Meanwhile, Trump’s FCC pick, Brendan Carr, is expected to take a tough stance on Big Tech, possibly reviving talks of a TikTok ban.

The Power of Project 2025

Many of these nominations tie back to Project 2025, a bold plan by the Heritage Foundation to reshape the government. Russell Vought, tapped again as OMB Director, is one of the project’s main architects. Contributors like Tom Homan (for immigration) and John Ratcliffe (for intelligence) show how deeply the plan is influencing Trump’s picks.

But not everyone is on board. Critics worry it’s leaning too far to the right, especially with its strong stances on immigration and Big Tech regulation.

What to Expect

Trump’s picks set the stage for major changes, especially in finance, housing, and national security. But with controversy surrounding Project 2025, there are bound to be debates. Will these bold moves drive progress or spark more political battles? The road ahead looks anything but dull.

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