FameEX Hot Topics | Trump Doubles Down on Regulatory Rollbacks, Targeting 10 Rules for Elimination per New Policy

U.S. President-elect Donald Trump is set to roll out sweeping regulatory reforms aimed at easing economic burdens and promoting job growth. Speaking on Monday, Trump reaffirmed his administration's commitment to cutting regulations that he believes hinder economic progress. He outlined a bold plan to eliminate significant numbers of “job-killing” regulations, proposing that for every new regulation added, 10 old ones must be removed. Trump emphasized: “We are already preparing to slash massive numbers of regulations, and we’ll be able to do it.”

Reflecting on his previous term, Trump noted that his administration had already cut more regulations than any president before him—about five times more than prior administrations. While acknowledging that some regulations were reinstated, he assured that his team would quickly “catch up” and continue working to reduce bureaucratic obstacles. This focus on deregulation is central to Trump’s broader agenda of fostering economic growth by removing government barriers that impede businesses.

Although Trump did not directly address cryptocurrency regulations during his remarks, his broader policy initiatives suggest a shift toward a more crypto-friendly approach. He has voiced support for reducing regulatory hurdles within the cryptocurrency sector and has even proposed the creation of a strategic Bitcoin reserve. These moves signal his commitment to supporting digital currency innovation, which aligns with the growing importance of the sector.

Trump’s regulatory vision is further evidenced by his appointments, including nominating Paul Atkins, a known proponent of innovation, as the U.S. Securities and Exchange Commission (SEC) Chair. His selection of a Treasury Secretary supportive of crypto policies also indicates his intent to establish the U.S. as a global leader in digital currencies, coinciding with Bitcoin's surge past $100,000.

In addition to these steps, Trump is creating the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy. This new agency will focus on reducing government regulations, auditing agencies like the IRS, and implementing cost-cutting measures to further minimize government intervention.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.