Donald Trump DeFi project received a cautious nod from the US SEC Commissioner, who wishes it “Godspeed” without making any direct endorsements or regulatory commitments.
According to reports, the US SEC Commissioner has cautiously endorsed the Donald Trump DeFi project, World Liberty Financial (WLFI). The project has lately experienced significant momentum, particularly due to its association with the former US president. To provide context, the crypto community has expressed its support for Trump in light of his recent endorsement of the digital assets industry.
The US SEC Commissioner Offers Opinion on Donald Trump DeFi Project
Eleanor Terrett, a Fox Journalist, recently stated that US SEC Commissioner Mark Uyeda had discussed Donald Trump’s DeFi project in a recent interview. The Commissioner has responded cautiously when questioned about his views on World Liberty Financial, as indicated in her X post.
He said “Godspeed” in response to the inquiry, expressing his hope for a smooth journey for the initiative without directly commenting on its merits. He cautioned against anticipating that the SEC would make value judgments about specific crypto initiatives, stating that it is a “disclosure regulator, not a merit regulator.”
In addition, he stated that the crypto community has developed a perception of the SEC’s politicization due to the agency’s regulatory posture. He reportedly said, “If I were conversing with President Trump or any other crypto entrepreneur, I would advise them to retain competent attorneys,” underscoring the ongoing challenges of the ambiguous regulatory framework that the agency has yet to simplify for the crypto market.
In the interim, these most recent remarks suggest increasing curiosity regarding Trump’s involvement in the cryptocurrency industry. Furthermore, it underscores the increasing popularity of the Donald Trump DeFi project among regulators and market participants. The project has recently conveyed its gratitude to the users for their positive feedback on X and has hinted at significant announcements in the coming days. This is notable.
Donald Trump Continuously Demonstrates His Support for Cryptocurrencies
The US SEC Commissioner’s most recent statement emerges from Donald Trump’s increasing involvement in cryptocurrency. The former US President has recently made his first public Bitcoin payment at PubKey, a New York establishment renowned for accepting BTC payments.
Following a rally in Long Island, Trump visited a tavern and purchased hamburgers for his supporters, paying with Bitcoin. In addition, he referred to the hamburgers as “Bitcoin burgers,” which indicates his increasing endorsement of digital assets.
Nevertheless, the most recent remarks of the US SEC Commissioner, which are both encouraging and noncommittal, have sparked discussions regarding the potential regulatory pressure that Donald Trump DeFi project may encounter. Several market observers are closely monitoring the project’s future in light of the recent regulatory overreach of the US SEC and the increasing demand for unambiguous crypto regulation.
