According to a recent report from COINOTAG News, U.S. President Trump has taken significant steps to enhance his oversight of independent federal agencies, as detailed by the Financial Times. This initiative involves the signing of an executive order aimed at tightening control over various regulatory bodies, including the Securities and Exchange Commission (SEC), the Federal Trade Commission (FTC), and the Federal Communications Commission (FCC). The order requires these agencies to present their regulatory proposals for White House approval, introducing a layer of scrutiny unprecedented in recent history.
Furthermore, this executive directive establishes “performance standards” for independent agencies, mandating them to align their priorities and strategic frameworks with the White House’s directives. It is noteworthy that while the executive order does not impinge upon the Federal Reserve‘s monetary policy, it does circumscribe its regulatory powers. This move has profound implications for the operational landscapes of these agencies, potentially reshaping the regulatory environment in which the cryptocurrency sector operates.