Trump plans to appoint pro-crypto officials to U.S. financial agencies

President-elect Trump is reportedly preparing to appoint pro-crypto officials to key positions in U.S. financial regulatory agencies. This follows his election victory and a surge in Bitcoin prices, which have exceeded $86,000. Trump's team is considering candidates from various backgrounds, including current regulators and financial industry executives with crypto ties. This shift may impact the Securities and Exchange Commission, which has previously targeted cryptocurrency companies. Concerns remain about fraud and oversight in the crypto industry. The U.S. Treasury is contemplating sanctions against Tether for its role in facilitating illicit activities.