Kristin Smith, president of the Solana Policy Institute, said that US President Donald Trump has not changed his stance on cryptocurrencies and that the administration is continuing its policy work in this area.
Smith gave his assessments to Scarlet Fu and Tim Stenovec on his show before Trump’s State of the Union address.
Smith stated that it is clear Trump has made cryptocurrency policies a priority, noting that there are individuals in the White House working on this area almost daily. He specifically mentioned David Sacks and Patrick Witt as actively working on cryptocurrency regulations.
According to Smith, the Trump administration continues to take concrete steps in the crypto space. The fact that there are people working on these issues almost daily in the White House clearly demonstrates the administration’s approach. The active role of White House advisors dealing with crypto policies, in particular, shows that the process is being taken seriously.
Smith, drawing attention to the “Genius Act” regulation previously signed by Trump, also stated that US financial regulatory bodies are conducting extensive work in the crypto space. He explained that the “Project Crypto” initiative, launched by the heads of the US Securities and Exchange Commission (SEC) and the Commodity Futures Commission (CFTC), aims to bring clear rules to the sector using existing legal powers.
Smith argued that Trump’s occasional avoidance of directly addressing cryptocurrencies should not be interpreted as a decline in his support for the sector. He pointed out that many significant developments are occurring simultaneously both within the US and globally, and that the president may not be able to address each issue individually due to his busy schedule.
*Investment advice