FameEX Hot Topics | Trump Intensifies Regulatory Rollback Plans, Aiming to Cut 10 Rules per New Policy

U.S. President-elect Donald Trump is preparing to launch sweeping regulatory reforms, aimed at reducing economic burdens and boosting job growth across various industries. Speaking on Monday, he reiterated his administration’s commitment to cutting regulations he believes hinder economic progress. Trump unveiled a bold regulatory plan, stating: “We are already preparing to eliminate massive numbers of job-killing regulations, cutting 10 old regulations for every new one. If you add a new regulation, you must remove 10 old ones, and we’ll be able to do it.”

Trump reflected on his previous term, claiming, “We cut more regulations than any president has ever cut by far—about five times more. While some of those regulations were later reinstated, we will catch up quickly.” This highlights his continued focus on deregulation and creating an environment that fosters job creation.

Though he did not directly mention cryptocurrency regulations during his Monday speech, Trump’s broader policy moves indicate a shift toward a more crypto-friendly regulatory environment. He has expressed support for reducing obstacles in the cryptocurrency sector and even proposed the creation of a strategic Bitcoin reserve, signaling his intent to support innovation in digital currencies.

Additionally, Trump’s recent appointments further suggest his commitment to fostering a favorable environment for the crypto sector. By nominating Paul Atkins, a pro-innovation advocate, as the U.S. Securities and Exchange Commission (SEC) Chair and selecting a Treasury Secretary supportive of crypto advancements, Trump is positioning the U.S. to lead in the digital currency space. This aligns with the recent surge in Bitcoin prices, which have surpassed $100,000.

Trump’s broader deregulatory approach includes creating the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy. This new agency is tasked with reducing government regulations, auditing agencies like the IRS, and implementing cost-cutting measures, aligning with Trump’s goal to minimize government intervention and promote economic growth through deregulation.

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