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Trump Reveals Plan for Crypto, Big Tech, and Immigration!

Andras Crow-Hreidar by Andras Crow-Hreidar
November 22, 2024
in Crypto, News
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Donald Trump is once again making headlines with his latest round of nominations for key positions in his prospective administration. Among the notable selections is Scott Turner, a former NFL player who has transitioned into a government role, now nominated to lead the Department of Housing and Urban Development (HUD). Furthermore, many of Trump’s recent choices appear to be aligned with a conservative vision known as Project 2025, suggesting potential significant changes ahead.

Scott Turner’s Leap into Leadership

Scott Turner’s nomination as HUD Secretary has become a topic of intense discussion. Turner, who is recognized for his tenure in the NFL and his contributions to the White House Opportunity and Revitalization Council, brings an unconventional background to this position. Trump’s confidence in Turner is evident, highlighting his previous work in uplifting struggling communities during his first term. As the highest-ranking Black nominee in Trump’s new team, Turner’s appointment is remarkable. The critical question remains whether Turner can navigate the complexities of housing reform while adhering to Trump’s conservative objectives.

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Financial Shake-Ups and Crypto Advocates

The formation of Trump’s financial team indicates a tilt toward cryptocurrency advocacy and a firm stance against Big Tech. Scott Bessent is anticipated to fill the role of Treasury Secretary, yet it is the potential nomination for SEC Chair that is turning heads. Trump is considering a crypto-friendly candidate, with possibilities including:

  • Paul Atkins, leveraging his experience as an SEC Commissioner.
  • Brian Brooks, recognized for his support of crypto innovation.
  • Brad Bondi, a lawyer with extensive political and corporate ties.

This move towards a crypto-positive regulatory framework could provide the clear guidelines for digital assets that the industry has long been seeking. Concurrently, Trump’s FCC choice, Brendan Carr, is predicted to adopt a stringent approach towards Big Tech, potentially rekindling discussions surrounding a TikTok ban.

The Power of Project 2025

A significant number of these nominations are rooted in Project 2025, an ambitious initiative spearheaded by the Heritage Foundation aimed at transforming the government. Russell Vought, once again nominated as OMB Director, is a primary architect of this project. Contributors such as Tom Homan for immigration and John Ratcliffe for intelligence illustrate the profound impact of Project 2025 on Trump’s selection process. However, this initiative is not without its detractors. Critics express concerns that it leans excessively to the right, particularly in its firm positions on immigration and regulation of Big Tech.

What to Expect

Trump’s nominations lay the groundwork for substantial changes, particularly in the realms of finance, housing, and national security. Yet, with the controversy surrounding Project 2025, these decisions are likely to provoke intense debate. Will these bold initiatives drive forward progress, or will they incite further political contention? The path ahead promises to be anything but mundane.

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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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